The Sage Group (LON:SGE) Insider Purchases £283,850 in Stock

The Sage Group plc (LON:SGE) insider John Bates purchased 35,000 shares of The Sage Group stock in a transaction on Thursday, February 12th. The stock was bought at an average price of GBX 811 per share, for a total transaction of £283,850.

The Sage Group Price Performance

Shares of SGE opened at GBX 807.40 on Monday. The Sage Group plc has a 1 year low of GBX 790.60 and a 1 year high of GBX 1,335. The business has a 50-day moving average of GBX 1,018.02 and a 200-day moving average of GBX 1,078.52. 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 company has a market capitalization of £7.59 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53.

The Sage Group (LON:SGE) last released its quarterly earnings data 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, equities research analysts anticipate that The Sage Group plc will post 42.1496095 earnings per share for the current year.

The Sage Group announced that its board has authorized a share buyback program on Wednesday, November 19th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

SGE has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a research note on Thursday, December 4th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 1,300 price target on shares of The Sage Group in a report on Thursday, November 20th. Jefferies Financial Group boosted their price objective 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. Shore Capital Group reaffirmed a “hold” rating on shares of The Sage Group in a research note on Tuesday, January 27th. Finally, Canaccord Genuity Group raised shares of The Sage Group to a “buy” rating and boosted their price target for the stock 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 stock. According to data from MarketBeat, The Sage Group has an average rating of “Moderate Buy” and a consensus price target 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.