The Sage Group (LON:SGE) Share Price Crosses Below 200-Day Moving Average - What's Next?

The Sage Group plc (LON:SGE - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,247.40 ($16.74) and traded as low as GBX 1,215.50 ($16.31). The Sage Group shares last traded at GBX 1,222.51 ($16.41), with a volume of 1,948,904 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SGE. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,500 ($20.13) price objective on shares of The Sage Group in a research report on Wednesday, July 2nd. Shore Capital reissued a "hold" rating on shares of The Sage Group in a research report on Wednesday, May 7th. Two 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of GBX 3,906 ($52.42).

The Sage Group Price Performance

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 has a market capitalization of £12.30 billion, a P/E ratio of 48.32, a P/E/G ratio of 1.22 and a beta of 0.53. The company's 50-day simple moving average is GBX 1,244.41 and its 200 day simple moving average is GBX 1,247.31.

The Sage Group (LON:SGE - Get Free Report) last posted its 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, sell-side analysts expect that The Sage Group plc will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group announced that its board has initiated a share buyback plan on Thursday, May 15th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Insider Transactions at The Sage Group

In other The Sage Group news, insider Steve Hare bought 3,076 shares of the stock in a transaction on Thursday, July 3rd. The shares were purchased at an average price of GBX 1,206 ($16.18) per share, with a total value of £37,096.56 ($49,780.68). 1.08% of the stock is owned by company insiders.

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.