Shore Capital Reaffirms "Hold" Rating for The Sage Group (LON:SGE)

Key Points

• Shore Capital has reaffirmed a "hold" rating for The Sage Group, indicating stability in the stock, while JPMorgan Chase & Co. set an "overweight" rating with a price target of GBX 1,500 ($20.03).
• The Sage Group's stock has shown a market cap of £12.40 billion with a current trading price of GBX 1,252.50 ($16.73) and a consensus target price of GBX 3,906 ($52.16).
• Insider Steve Hare purchased 3,076 shares at an average price of GBX 1,206 ($16.11), suggesting confidence in the company's valuation as insiders currently own 1.08% of the stock.

Shore Capital reiterated their hold rating on shares of The Sage Group (LON:SGE - Free Report) in a report published on Wednesday, Marketbeat Ratings reports.

Separately, JPMorgan Chase & Co. restated an "overweight" rating and issued a GBX 1,500 ($19.91) price objective on shares of The Sage Group in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of GBX 3,500 ($46.46).

The Sage Group Stock Down 1.5%

SGE traded down GBX 18.37 ($0.24) during trading on Wednesday, hitting GBX 1,201.63 ($15.95). The company had a trading volume of 1,270,099 shares, compared to its average volume of 8,205,709. The company has a market cap of £11.89 billion, a PE ratio of 46.71, a P/E/G ratio of 1.22 and a beta of 0.53. The business has a 50-day moving average of GBX 1,242.57 and a 200-day moving average of GBX 1,243.67. The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58. The Sage Group has a 1-year low of GBX 960 ($12.74) and a 1-year high of GBX 1,349 ($17.91).

The Sage Group (LON:SGE - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported GBX 20.80 ($0.28) EPS for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. As a group, analysts forecast that The Sage Group will post 42.1496095 earnings per share for the current year.

The Sage Group announced that its board has initiated a share repurchase plan on Thursday, May 15th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Insider Activity

In other news, insider Steve Hare acquired 3,076 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was purchased at an average cost of GBX 1,206 ($16.01) per share, for a total transaction of £37,096.56 ($49,238.86). Insiders own 1.08% of the company's stock.

The Sage Group Company Profile

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.