Key Points
- Insider sale: Jonathan Howell sold 88,727 shares of The Sage Group at an average price of GBX 1,065 on December 3, netting £944,942.55.
- Analyst view: The stock has a MarketBeat consensus rating of "Hold" with an average price target of GBX 1,260, and several firms (including Deutsche Bank and JPMorgan) recently trimmed their targets.
- Company fundamentals: Sage has a market cap of £10.22 billion, a PE of 31.12, reported quarterly EPS of GBX 43.20 with ROE 24.48% and a net margin of 11.87%, and a 52-week range of GBX 1,034.50–1,349.
The Sage Group plc (LON:SGE - Get Free Report) insider Jonathan Howell sold 88,727 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of GBX 1,065, for a total value of £944,942.55.
The Sage Group Stock Performance
SGE opened at GBX 1,070 on Friday. 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 firm has a market cap of £10.22 billion, a PE ratio of 31.12, a P/E/G ratio of 1.22 and a beta of 0.53. The business has a fifty day simple moving average of GBX 1,114.36 and a 200-day simple moving average of GBX 1,159.06. The Sage Group plc has a fifty-two week low of GBX 1,034.50 and a fifty-two week high of GBX 1,349.
The Sage Group (LON:SGE - Get Free Report) last announced its earnings results on Wednesday, November 19th. The company reported GBX 43.20 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 analysts predict that The Sage Group plc will post 42.1496095 EPS for the current fiscal year.
The Sage Group announced that its board has approved a share repurchase plan on Wednesday, November 19th that permits the company to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of The Sage Group from GBX 1,350 to GBX 1,250 and set a "hold" rating on the stock in a report on Wednesday, November 19th. Canaccord Genuity Group reiterated a "hold" rating and set a GBX 1,100 price objective on shares of The Sage Group in a research report on Thursday, November 20th. Shore Capital reissued a "hold" rating on shares of The Sage Group in a research note on Thursday, November 20th. Panmure Gordon reaffirmed a "hold" rating and issued a GBX 1,300 target price on shares of The Sage Group in a research report on Thursday, November 20th. Finally, JPMorgan Chase & Co. lowered their price target on The Sage Group from GBX 1,500 to GBX 1,300 and set an "overweight" rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of GBX 1,260.
Get Our Latest Analysis on The Sage Group
About The Sage Group
(
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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.
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