The Sage Group (LON:SGE) Releases Quarterly Earnings Results

The Sage Group (LON:SGE) released its quarterly earnings results on Wednesday. The company reported GBX 43.20 earnings per share for the quarter, Digital Look Earnings reports. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%.

The Sage Group Trading Up 0.8%

Shares of SGE opened at GBX 1,098 on Thursday. The Sage Group has a 12-month low of GBX 1,034.50 and a 12-month high of GBX 1,349. 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 capitalization of £10.49 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 1.22 and a beta of 0.53. The stock’s 50-day moving average price is GBX 1,117.39 and its 200 day moving average price is GBX 1,174.14.

The Sage Group announced that its board has authorized a share repurchase program on Wednesday, November 19th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

SGE has been the subject of a number of analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of The Sage Group in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,350 price target on shares of The Sage Group in a report on Thursday, July 31st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,480 price target on shares of The Sage Group in a research report on Thursday, July 31st. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a report on Wednesday, July 30th. Finally, Canaccord Genuity Group upgraded shares of The Sage Group to a “hold” rating and raised their target price for the company from GBX 1,080 to GBX 1,100 in a research note on Monday, November 3rd. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 3,503.33.

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.