Insider Selling: The Sage Group (LON:SGE) Insider Sells £944,942.55 in Stock

The Sage Group plc (LON:SGE) insider Jonathan Howell sold 88,727 shares of The Sage Group stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of GBX 1,065, for a total transaction of £944,942.55.

The Sage Group Stock Performance

Shares of SGE opened at GBX 1,070 on Monday. The firm has a market cap of £10.19 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 1.22 and a beta of 0.53. 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 business’s 50 day moving average is GBX 1,114.36 and its two-hundred day moving average is GBX 1,158.02. The Sage Group plc has a 52-week low of GBX 1,034.50 and a 52-week high of GBX 1,349.

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 net margin of 11.87% and a return on equity of 24.48%. Analysts forecast that The Sage Group plc will post 42.1496095 EPS for the current fiscal year.

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

Analyst Ratings Changes

Several brokerages have recently commented on SGE. JPMorgan Chase & Co. reduced their price target 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. Panmure Gordon reiterated a “hold” rating and issued a GBX 1,300 price target on shares of The Sage Group in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft dropped their price target on The Sage Group from GBX 1,350 to GBX 1,250 and set a “hold” rating on the stock in a research report on Wednesday, November 19th. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a report on Thursday, November 20th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a GBX 1,100 target price on shares of The Sage Group in a research note on Thursday, November 20th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, The Sage Group presently has a consensus rating of “Hold” and a consensus price target of GBX 1,260.

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.