The Sage Group (LON:SGE) Reaches New 12-Month Low – Here’s What Happened

Shares of The Sage Group plc (LON:SGE) reached a new 52-week low on Wednesday . The stock traded as low as GBX 818.86 and last traded at GBX 818.86, with a volume of 9571182 shares trading hands. The stock had previously closed at GBX 845.80.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SGE. Shore Capital Group reiterated a “hold” rating on shares of The Sage Group in a report on Tuesday, January 27th. JPMorgan Chase & Co. lowered their price target on shares of The Sage Group from GBX 1,500 to GBX 1,300 and set an “overweight” rating for the company in a research report on Thursday, December 4th. Panmure Gordon reiterated a “hold” rating and set a GBX 1,300 price objective on shares of The Sage Group in a research note on Thursday, November 20th. Canaccord Genuity Group raised shares of The Sage Group to a “buy” rating and boosted their price objective for the stock from GBX 1,100 to GBX 1,135 in a research note on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating on the stock 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 stock. According to data from MarketBeat, The Sage Group has an average rating of “Moderate Buy” and a consensus target price of GBX 1,247.

The Sage Group Trading Down 2.0%

The company has a market capitalization of £7.79 billion, a price-to-earnings ratio of 22.31, a P/E/G 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 company’s 50 day simple moving average is GBX 1,033.59 and its two-hundred day simple moving average is GBX 1,087.84.

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 return on equity of 24.48% and a net margin of 11.87%. As a group, research analysts anticipate that The Sage Group plc will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group declared that its board has initiated a stock repurchase plan on Wednesday, November 19th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other The Sage Group news, insider Jonathan Howell sold 88,727 shares of The Sage Group stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total transaction of £944,942.55. Also, insider Derek Harding acquired 10,000 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was purchased at an average cost of GBX 864 per share, for a total transaction of £86,400. 0.99% of the stock is currently owned by company insiders.

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.