Sage Group plc ( (GB:SGE) ) has provided an announcement.
Sage Group plc announced the repurchase of 540,028 of its ordinary shares as part of a share buyback program initiated in November 2024. The repurchased shares, acquired at an average price of 1,170.49 pence, will be canceled, reflecting Sage’s strategic move to optimize capital structure and potentially enhance shareholder value.
More about Sage Group plc
Sage Group plc is a prominent player in the software industry, specializing in providing integrated accounting, payroll, and payment systems to small and medium-sized enterprises. The company is focused on enhancing business efficiency and productivity through its innovative technology solutions.
YTD Price Performance: -7.13%
Average Trading Volume: 2,751,335
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £11.49B
Learn more about SGE stock on TipRanks’ Stock Analysis page.