The Sage Group (LON:SGE) Insider Lori Mitchell- Keller Purchases 10,000 Shares

The Sage Group plc (LON:SGE) insider Lori Mitchell- Keller acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average cost of GBX 839 per share, for a total transaction of £83,900.

The Sage Group Stock Performance

LON SGE opened at GBX 802 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The stock has a market cap of £7.54 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The Sage Group plc has a fifty-two week low of GBX 782.19 and a fifty-two week high of GBX 1,335. The business has a fifty day moving average of GBX 995.95 and a 200-day moving average of GBX 1,068.89.

The Sage Group (LON:SGE) last announced its earnings results on Wednesday, November 19th. The company reported GBX 43.20 earnings per share for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. As a group, analysts predict that The Sage Group plc will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group declared that its Board of Directors has authorized a stock buyback plan on Wednesday, November 19th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SGE. Jefferies Financial Group lifted their price objective on The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a research report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft lowered their price target on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a report on Wednesday, January 28th. Shore Capital Group reiterated a “hold” rating on shares of The Sage Group in a report on Tuesday, January 27th. JPMorgan Chase & Co. lowered their target price on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a report on Thursday, December 4th. Finally, Canaccord Genuity Group raised shares of The Sage Group to a “buy” rating and increased their price target for the stock from GBX 1,100 to GBX 1,135 in a research note on Monday, February 2nd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,247.

The Sage Group Company Profile

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.