The Sage Group’s (SGE) Hold Rating Reaffirmed at Shore Capital

The Sage Group (LON:SGE)‘s stock had its “hold” rating restated by analysts at Shore Capital in a report issued on Tuesday, Marketbeat reports.

SGE has been the subject of a number of other research reports. Canaccord Genuity Group reiterated a “hold” rating and issued a GBX 1,100 price target on shares of The Sage Group in a report on Thursday, November 20th. Panmure Gordon reissued a “hold” rating and set a GBX 1,300 price target on shares of The Sage Group in a research report on Thursday, November 20th. Jefferies Financial Group raised their price target on The Sage Group from GBX 1,320 to GBX 1,350 and gave the company a “buy” rating in a research note on Thursday, November 20th. 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. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Sage Group from GBX 1,250 to GBX 1,200 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 1,250.

The Sage Group Trading Down 5.0%

Shares of LON SGE traded down GBX 52.20 during mid-day trading on Tuesday, reaching GBX 990.80. The company had a trading volume of 7,276,061 shares, compared to its average volume of 8,178,920. The stock has a market cap of £9.42 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The Sage Group has a 52 week low of GBX 988.60 and a 52 week high of GBX 1,349. The business’s 50-day moving average is GBX 1,070.93 and its 200-day moving average is GBX 1,114.01. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 114.00.

The Sage Group (LON:SGE) last released its quarterly earnings data 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%. Equities analysts expect that The Sage Group will post 42.1496095 earnings per share for the current year.

The Sage Group declared that its board has approved a stock repurchase program on Wednesday, November 19th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at The Sage Group

In other news, insider Steve Hare sold 127,828 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total transaction of £1,361,368.20. Also, insider Jonathan Howell sold 88,727 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of GBX 1,065, for a total value of £944,942.55. 0.95% of the stock is 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.