The Sage Group (LON:SGE) Hits New 12-Month Low – Time to Sell?

Shares of The Sage Group plc (LON:SGE) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 778.80 and last traded at GBX 780.40, with a volume of 57700492 shares changing hands. The stock had previously closed at GBX 819.20.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Shore Capital Group reissued a “hold” rating on shares of The Sage Group in a report on Tuesday, January 27th. Canaccord Genuity Group upgraded shares of The Sage Group to a “buy” rating and lifted their price objective for the company from GBX 1,100 to GBX 1,135 in a research report on Monday, February 2nd. Jefferies Financial Group boosted their price objective on shares of The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a research note on Thursday, November 20th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. lowered 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 report on Thursday, December 4th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,247.

The Sage Group Stock Performance

The firm has a fifty day moving average of GBX 990.91 and a 200-day moving average of GBX 1,064.64. 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 £7.36 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group declared that its board has initiated a stock repurchase program on Wednesday, November 19th that permits the company to buyback 0 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 leadership believes its stock is undervalued.

Insiders Place Their Bets

In other The Sage Group news, insider Lori Mitchell- Keller acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average cost of GBX 839 per share, with a total value of £83,900. Also, insider John Bates bought 35,000 shares of the company’s stock in a transaction on Thursday, February 12th. The shares were acquired at an average price of GBX 811 per share, with a total value of £283,850. Over the last ninety days, insiders bought 55,000 shares of company stock worth $45,415,000. 0.99% of the stock is owned by company insiders.

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.