Lori Mitchell- Keller Buys 10,000 Shares of The Sage Group (LON:SGE) Stock

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

The Sage Group Trading Up 1.6%

LON:SGE opened at GBX 819.20 on Friday. The Sage Group plc has a 52 week low of GBX 782.19 and a 52 week high of GBX 1,335. The firm has a 50 day moving average of GBX 990.91 and a 200 day moving average of GBX 1,066.31. 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 capitalization of £7.70 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last issued 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 return on equity of 24.48% and a net margin of 11.87%. As a group, sell-side analysts anticipate that The Sage Group plc will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group announced that its board has approved a share repurchase plan on Wednesday, November 19th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

SGE has been the topic of several recent analyst reports. Canaccord Genuity Group upgraded shares of The Sage Group to a “buy” rating and upped their price objective for the company from GBX 1,100 to GBX 1,135 in a report on Monday, February 2nd. JPMorgan Chase & Co. dropped their target price 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 report on Thursday, December 4th. Jefferies Financial Group raised their price target on shares of 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. Shore Capital Group reiterated a “hold” rating on shares of The Sage Group in a research note on Tuesday, January 27th. Finally, Panmure Gordon reissued a “hold” rating and set a GBX 1,300 price objective on shares of The Sage Group in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,247.

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.