The Sage Group (LON:SGE) to Repurchase 0 Outstanding Shares

The Sage Group (LON:SGE) declared that its Board of Directors has approved a stock buyback program on Thursday, May 15th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a “sell” rating and issued a GBX 1,090 ($14.48) target price on shares of The Sage Group in a research note on Thursday, January 30th. Shore Capital reiterated 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 three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 3,446.67 ($45.78).

The Sage Group Price Performance

SGE opened at GBX 1,243.50 ($16.52) on Friday. The stock has a fifty day simple moving average of GBX 1,200.69 and a two-hundred day simple moving average of GBX 1,235.08. 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 company has a market cap of £12.31 billion, a price-to-earnings ratio of 48.34, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The Sage Group has a 12-month low of GBX 960 ($12.75) and a 12-month high of GBX 1,349 ($17.92).

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

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.