Derek Harding Acquires 10,000 Shares of The Sage Group (LON:SGE) Stock

The Sage Group plc (LON:SGE) insider Derek Harding acquired 10,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was acquired at an average price of GBX 864 per share, with a total value of £86,400.

The Sage Group Trading Up 0.6%

Shares of SGE stock opened at GBX 845.80 on Wednesday. The Sage Group plc has a 1-year low of GBX 822.60 and a 1-year high of GBX 1,335. The company has a market cap of £7.95 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.22 and a beta of 0.53. 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 stock has a 50 day simple moving average of GBX 1,033.59 and a 200-day simple moving average of GBX 1,087.84.

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

The Sage Group announced that its Board of Directors has initiated a stock buyback plan on Wednesday, November 19th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

SGE has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating on the stock in a research note on Thursday, December 4th. Shore Capital Group reissued a “hold” rating on shares of The Sage Group in a report on Tuesday, January 27th. Jefferies Financial Group raised their target price 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 on the stock in a research note on Wednesday, January 28th. Finally, Canaccord Genuity Group raised The Sage Group to a “buy” rating and increased their price objective for the company from GBX 1,100 to GBX 1,135 in a research note on Monday, February 2nd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, The Sage Group has an average rating of “Moderate Buy” and a consensus price target 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.