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

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

The Sage Group Price Performance

Shares of SGE opened at GBX 808.20 on Thursday. The business’s 50-day moving average is GBX 1,001.45 and its 200-day moving average is GBX 1,070.76. 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 £7.60 billion, a price-to-earnings ratio of 21.75, a P/E/G ratio of 1.22 and a beta of 0.53. The Sage Group plc has a fifty-two week low of GBX 782.19 and a fifty-two week high of GBX 1,335.

The Sage Group (LON:SGE) last announced its quarterly earnings data on Wednesday, November 19th. The company reported GBX 43.20 EPS 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 announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 19th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages recently issued reports on SGE. JPMorgan Chase & Co. cut 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 report on Thursday, December 4th. Canaccord Genuity Group raised The Sage Group to a “buy” rating and upped their target price for the stock from GBX 1,100 to GBX 1,135 in a research report on Monday, February 2nd. Jefferies Financial Group lifted their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a report on Thursday, November 20th. Shore Capital Group restated a “hold” rating on shares of The Sage Group in a report on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft decreased 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 report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.