INTU - Sage Group: Low Dividend Yield And At Risk From Disruption
(We previously wrote about Sage as "Blue Sky Capital")
Introduction
In this article, we revisit Sage Group plc (SGGEF), the U.K.-headquartered provider of accounting and other financial software, 7 months after our original Neutral rating ("Sage Group: Lower Quality And Lower Growth").
During this period, Sage shares have lost 6.9% of their value (after dividends) in GBP, significantly underperforming Buy-rated Intuit (INTU) (which has risen by low-single-digits). However, the standout performer in the sector has been New Zealand newcomer Xero (XROLF) (not covered):
Neutral Case Recap
Our