The Sage Group (LON:SGE) Issues Quarterly Earnings Results

The Sage Group (LON:SGE) issued its earnings results on Friday. The company reported GBX 23.74 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX 136.30 billion during the quarter. The Sage Group had a return on equity of 81.91% and a net margin of 14.62%.

The Sage Group Stock Performance

LON SGE opened at GBX 887.33 on Friday. The stock has a market cap of £8.11 billion, a PE ratio of 23.88, a P/E/G ratio of 1.22 and a beta of 0.30. The company has a current ratio of 0.62, a quick ratio of 0.58 and a debt-to-equity ratio of 919.09. The Sage Group has a twelve month low of GBX 771.66 and a twelve month high of GBX 1,335. The stock has a fifty day simple moving average of GBX 865.12 and a 200-day simple moving average of GBX 952.99.

Analyst Ratings Changes

Several analysts have issued reports on SGE shares. Citigroup dropped their target price on The Sage Group from GBX 1,400 to GBX 1,150 and set a “buy” rating for the company in a report on Tuesday, March 10th. Jefferies Financial Group dropped their target price on The Sage Group from GBX 1,350 to GBX 1,100 and set a “buy” rating for the company in a report on Tuesday, March 24th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 1,135 target price on shares of The Sage Group in a report on Thursday. UBS Group reiterated a “buy” rating and set a GBX 1,025 price target on shares of The Sage Group in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on The Sage Group from GBX 1,200 to GBX 1,150 and set a “hold” rating for the company in a report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,165.71.

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.