The Sage Group (LON:SGE) Stock Passes Above Two Hundred Day Moving Average - Time to Sell?

The Sage Group plc (LON:SGE - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,246.59 ($16.85) and traded as high as GBX 1,260.50 ($17.04). The Sage Group shares last traded at GBX 1,255.50 ($16.97), with a volume of 2,229,164 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SGE. Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a research report on Wednesday, May 7th. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 1,500 ($20.28) price objective on shares of The Sage Group in a research report on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of GBX 3,906 ($52.81).

The Sage Group Trading Down 0.1%

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 firm has a 50 day moving average of GBX 1,243.98 and a 200 day moving average of GBX 1,246.59. The firm has a market cap of £12.42 billion, a PE ratio of 48.76, a P/E/G ratio of 1.22 and a beta of 0.53.

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

The Sage Group declared that its Board of Directors has authorized a share buyback plan 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 plans are usually a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at The Sage Group

In other news, insider Steve Hare purchased 3,076 shares of The Sage Group stock in a transaction that occurred on Thursday, July 3rd. The stock was bought at an average price of GBX 1,206 ($16.30) per share, with a total value of £37,096.56 ($50,150.82). Corporate 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.

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