Sage Group Advances Share Buyback Program with Recent Purchase

Sage Group plc ( (GB:SGE) ) just unveiled an update.

Sage Group plc announced the purchase of 516,945 of its ordinary shares as part of its ongoing share buyback program, which is set to conclude by June 2025. This transaction, executed through Morgan Stanley, reflects Sage’s strategic initiative to enhance shareholder value by reducing the number of outstanding shares, potentially improving earnings per share and market perception.

More about Sage Group plc

Sage Group plc operates in the software industry, providing enterprise resource planning (ERP) software solutions and services. The company focuses on small and medium-sized businesses, offering products that help manage accounting, payroll, payments, and other business operations.

YTD Price Performance: -3.20%

Average Trading Volume: 2,796,026

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £12B

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