The Sage Group (LON:SGE) Stock Price Passes Below Two Hundred Day Moving Average - Here's Why

The Sage Group plc (LON:SGE - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,247.40 ($16.75) and traded as low as GBX 1,215.50 ($16.32). The Sage Group shares last traded at GBX 1,222.51 ($16.42), with a volume of 1,948,904 shares.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. restated an "overweight" rating and set a GBX 1,500 ($20.14) target price on shares of The Sage Group in a research note on Wednesday, July 2nd. Shore Capital restated a "hold" rating on shares of The Sage Group in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of GBX 3,906 ($52.45).

The Sage Group Stock Performance

The business's fifty day moving average is GBX 1,244.27 and its two-hundred day moving average is GBX 1,247.12. 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 stock has a market capitalization of £12.41 billion, a PE ratio of 48.72, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53.

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) earnings per share for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. As a group, research analysts anticipate that The Sage Group plc will post 42.1496095 EPS for the current fiscal year.

The Sage Group declared that its board has authorized a share repurchase plan on Thursday, May 15th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling

In other news, insider Steve Hare acquired 3,076 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was bought at an average cost of GBX 1,206 ($16.19) per share, with a total value of £37,096.56 ($49,814.10). 1.08% of the stock is owned by 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.