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Sage cancels 1.65m shares in latest tranche of ongoing buyback

Story Highlights
  • Sage repurchased 1,650,089 ordinary shares on 13 May 2026 at an average 857.63p, as part of its ongoing buyback programme.
  • All repurchased shares will be cancelled, slightly shrinking Sage’s share base and reinforcing its focus on capital returns to shareholders.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sage cancels 1.65m shares in latest tranche of ongoing buyback

Meet Samuel – Your Personal Investing Prophet

Sage Group plc ( (GB:SGE) ) has shared an announcement.

The Sage Group plc has continued its previously announced share buyback programme by repurchasing 1,650,089 ordinary shares on 13 May 2026 through J.P. Morgan Securities on the London Stock Exchange and multilateral trading venues, at a volume-weighted average price of 857.63 pence. All of the repurchased shares will be cancelled, modestly reducing Sage’s share count and signalling ongoing capital returns to shareholders as part of its current buyback initiative, which is scheduled to run until early June 2026.

The transaction underscores Sage’s commitment to shareholder returns alongside its core software operations, and may provide a marginal boost to earnings per share over time due to the reduced number of shares in issue. It also reflects the company’s confidence in its balance sheet and long-term prospects, as it deploys excess capital into buybacks at prevailing market prices.

The most recent analyst rating on (GB:SGE) stock is a Buy with a £1100.00 price target. To see the full list of analyst forecasts on Sage Group plc stock, see the GB:SGE Stock Forecast page.

Spark’s Take on SGE Stock

According to Spark, TipRanks’ AI Analyst, SGE is a Outperform.

The score is driven primarily by strong financial performance and a constructive earnings outlook with margin expansion and durable recurring revenue growth. This is tempered by very weak technicals (downtrend and heavy negative momentum) and a valuation that remains relatively expensive on P/E despite a moderate dividend yield.

To see Spark’s full report on SGE stock, click here.

More about Sage Group plc

The Sage Group plc is a UK-based provider of business management software and cloud solutions, best known for its accounting, payroll and enterprise resource planning platforms. The company primarily serves small and medium-sized enterprises worldwide, focusing on digitising finance and operations to drive efficiency and compliance for its customers.

Average Trading Volume: 4,518,719

Technical Sentiment Signal: Hold

Current Market Cap: £7.98B

Find detailed analytics on SGE stock on TipRanks’ Stock Analysis page.

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