Sage Group

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Market Cap:
£7.6 billion
52 weeks high
52 weeks low

Viewing results 1-25 of 52


Sage tops blue-chip loserboard as legacy product sales fall faster-than-expected

“Sage was priced for upgrades going into today’s update which have not materialised due to declining legacy business,” said one analyst...

3 weeks, 3 days ago
Retail & consumer

Morgan Stanley turns bearish on global stocks as 'downside risks' build up

Strategists at the investment bank downgraded its rating on global equities as it saw a "poor" risk/reward outlook for the next three months...

on 8/7/19

Sage Group shares dip as Deutsche Bank downgrades rating to 'sell'

Deutsche Bank thinks Sage’s earnings per share and free cash flow are unlikely to exceed low to mid-single digit growth over the medium term...

on 7/6/19

Sage leaves revenue guidance unchanged as SaaS growth offsets decline in legacy business

The group said its full-year outlook shows continuing confidence in recurring revenue growth for the remainder of the fiscal year...

on 17/5/19

Barclays warns of ‘likely’ second-half slowdown for Sage

The analysts have noted that the comparatives get more difficult as the year progresses, and that any slowdown could disappoint the market...

on 12/4/19

Citi chops ratings for blue-chip software firms Sage and Micro Focus, having adjusted targets

The US bank cut its stance on Micro Focus to ‘sell’ from ‘neutral’ while raising its target price to 1,700p from 1,230p as it believes the stock has run ahead of fundamentals...

on 4/4/19

Sage reiterates guidance after strong start to fiscal year

The group said its financial position remains strong and net debt as at 31 December 2018 was £602mln (£668m as at 30 September 2018)...

on 17/1/19

Sage agrees around £78mln disposal of its US-based payroll outsourcing business to iSolved HCM

Sage said it expects to report a statutory profit on disposal of approximately £23mln on completion, with the disposal proceeds to be invested for growth and used to reduce net debt...

on 15/1/19

Sage under pressure as UBS chops its price target once again

Analysts reckon strategic questions and competitive pressures remain, although they also point out the “easy” first-quarter comparatives ahead of next Thursday’s update...

on 11/1/19

Sage Group names experienced finance boss Jonathan Howell as its chief financial officer from 10 December

Howell was most recently been group finance director of Close Brothers Group for 10 years, and prior to that, was CFO of the London Stock Exchange Group...

on 4/12/18

UBS slashes target for Sage as it questions firm’s ability to innovate amid shift to cloud

The Swiss bank said in a note that investment at the FTSE 100 firm had " lagged competitors for many years", adding it expected continued elevated investment spends...

on 26/11/18

Sage shares fall as it warns margins investment in cloud transition will dent this year’s profits

Profits rose 16% to £398mln in the year just gone, but it is the year ahead that investors are bothered about after Sage warned margins will drop-off sharply...

on 21/11/18

Sage Group names Steve Hare, currently its interim COO and CFO, to vacant CEO role

Hare was appointed to the additional post of interim COO on 31 August 2018, when Stephen Kelly stood down as the blue-chip software group’s CEO...

on 2/11/18

Sage Group a possible takeover target for private equity funds, says Deutsche Bank

Deutsche Bank believes private equity funds could be exploring an acquisition of Sage ...

on 10/10/18

Sage Group defenestration indicative of shortening shelf life of CEOs

Some CEOs have gone voluntarily, others have been jettisoned and we don't always know which is which. What we do know is that this year is seeing more CEO departures than is usual...

on 31/8/18

The Sage Group parts company with chief executive, Stephen Kelly

Kelly will remain available to the group until he leaves on May 31, 2019...

on 31/8/18

Sage Group shares plummet as Deutsche Bank downgrades software firm to 'sell'

The competitive situation in Sage's core mid-market franchise appears to be worsening, according to Deutsche Bank ...

on 20/8/18

Sage Group's organic revenue growth picks-up

Sage was late in switching to a software-as-a-service model but the idea seems to be taking hold now...

on 2/8/18

Personal Group on track as trading improves across the board

Overall, trading is in line with management's expectations and ahead of last year...

on 20/7/18
Industry & services

Ashtead appoints Paul Walker as new chairman

The FTSE 100-listed equipment rental company said Chris Cole, who has been chairman of Ashtead since 2007 and previously as non-executive director, will retire from the company on September 11...

on 26/6/18

Sage Group's first half profits fall as organic revenue growth misses expectations

Sage raised its interim dividend by 8.2% despite lower-than-expected revenues as it addresses sales execution issues ...

on 2/5/18

Personal Group confident of achieving market expectations for the full year

In a statement to be delivered at today's annual general meeting, chairman, Mark Winlow said: "The Company's core insurance business has seen another strong start to the year, with record first quarter sales and productivity"...

on 25/4/18

JPMorgan downgrades Sage Group to ‘neutral’ following recent profit warning

Analysts at the US bank said they still believe in Sage's ability to accelerate revenues but "confidence has been damaged"...

on 17/4/18

Sage Group cuts annual revenue guidance after first half misses expectations

Sage Group said organic revenue was hit by slippages in some enterprise licence contracts in the US and the Middle East...

on 13/4/18

Sage no longer a sell now that reality has set in

There is less talk now from Sage about acquiring gazillions of new customers and more emphasis on deriving more revenue from the installed user base...

on 7/2/18