Steve Hare Buys 3,076 Shares of The Sage Group plc (LON:SGE) Stock

The Sage Group plc (LON:SGE - Get Free Report) insider Steve Hare bought 3,076 shares of The Sage Group stock in a transaction on Thursday, July 3rd. The shares were purchased at an average cost of GBX 1,206 ($16.46) per share, with a total value of £37,096.56 ($50,643.77).

The Sage Group Trading Up 0.7%

The Sage Group stock traded up GBX 8.50 ($0.12) during midday trading on Friday, hitting GBX 1,213 ($16.56). 2,126,655 shares of the stock were exchanged, compared to its average volume of 9,130,745. 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 stock has a market capitalization of £12.01 billion, a price-to-earnings ratio of 47.15, a PEG ratio of 1.22 and a beta of 0.53. The stock's 50-day simple moving average is GBX 1,246.67 and its 200 day simple moving average is GBX 1,251.62. The Sage Group plc has a fifty-two week low of GBX 960 ($13.11) and a fifty-two week high of GBX 1,349 ($18.42).

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%. On average, equities analysts anticipate that The Sage Group plc will post 42.1496095 EPS for the current year.

The Sage Group announced that its board has initiated a stock repurchase program on Thursday, May 15th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on SGE shares. Shore Capital restated a "hold" rating on shares of The Sage Group in a report on Wednesday, May 7th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 1,500 ($20.48) price target on shares of The Sage Group in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 3,906 ($53.32).

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.

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