The Sage Group (LON:SGE) Insider Sells £1,361,368.20 in Stock

The Sage Group plc (LON:SGE) insider Steve Hare sold 127,828 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of GBX 1,065, for a total value of £1,361,368.20.

The Sage Group Stock Performance

SGE opened at GBX 1,064.50 on Friday. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76. The Sage Group plc has a 52-week low of GBX 1,034.50 and a 52-week high of GBX 1,349. The firm has a market cap of £10.17 billion, a P/E ratio of 30.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The business’s fifty day moving average is GBX 1,114.36 and its 200-day moving average is GBX 1,160.16.

The Sage Group (LON:SGE) last posted its quarterly earnings data 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%. Sell-side analysts expect that The Sage Group plc will post 42.1496095 EPS for the current fiscal year.

The Sage Group declared that its Board of Directors has approved a stock repurchase plan on Wednesday, November 19th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of The Sage Group from GBX 1,350 to GBX 1,250 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Thursday, November 20th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 1,300 target price on shares of The Sage Group in a report on Thursday, November 20th. Jefferies Financial Group boosted their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Canaccord Genuity Group restated a “hold” rating and set a GBX 1,100 price objective on shares of The Sage Group in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 1,260.

About The Sage Group

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.