Jonathan Howell Sells 88,727 Shares of The Sage Group (LON:SGE) Stock

The Sage Group plc (LON:SGE) insider Jonathan Howell sold 88,727 shares of The Sage Group stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value of £944,942.55.

The Sage Group Price Performance

SGE stock opened at GBX 1,070 on Friday. The Sage Group plc has a 1 year low of GBX 1,034.50 and a 1 year high of GBX 1,349. The stock has a market capitalization of £10.19 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company’s 50-day moving average is GBX 1,114.36 and its 200-day moving average is GBX 1,158.59. The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58.

The Sage Group (LON:SGE) last released 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%. Equities research 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 authorized a share repurchase program on Wednesday, November 19th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of analysts recently commented on SGE shares. Jefferies Financial Group increased their price target 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. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research report on Thursday, November 20th. Panmure Gordon reiterated a “hold” rating and set a GBX 1,300 target price on shares of The Sage Group in a research note on Thursday, November 20th. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 1,100 price target on shares of The Sage Group in a report on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of The Sage Group from GBX 1,350 to GBX 1,250 and set a “hold” rating for the company in a report on Wednesday, November 19th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, The Sage Group has an average 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.