The Sage Group (LON:SGE) to Repurchase 0 Stock

The Sage Group (LON:SGEGet Free Report) announced that its board has authorized a share repurchase plan on Thursday, May 15th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SGE shares. Canaccord Genuity Group restated a “sell” rating and set a GBX 1,090 ($14.48) price objective on shares of The Sage Group in a research note on Thursday, January 30th. Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 3,446.67 ($45.78).

Read Our Latest Analysis on SGE

The Sage Group Stock Performance

Shares of SGE stock opened at GBX 1,243.50 ($16.52) on Friday. The company has a 50 day moving average price of GBX 1,200.69 and a 200-day moving average price of GBX 1,235.08. The Sage Group has a 52 week low of GBX 960 ($12.75) and a 52 week high of GBX 1,349 ($17.92). The firm has a market capitalization of £12.31 billion, a PE ratio of 48.34, a P/E/G ratio of 1.22 and a beta of 0.53. 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 Sage Group (LON:SGEGet Free Report) last announced 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, equities research analysts expect that The Sage Group will post 42.1496095 earnings per share for the current year.

About The Sage Group

(Get Free Report)

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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