Shares of The Sage Group plc (LON:SGE – Get Rating) have received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 774.17 ($9.58).
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Several equities research analysts recently issued reports on the stock. Barclays reaffirmed an “equal weight” rating and set a GBX 720 ($8.91) price target on shares of The Sage Group in a research note on Thursday, November 17th. JPMorgan Chase & Co. dropped their price target on shares of The Sage Group from GBX 700 ($8.67) to GBX 685 ($8.48) and set a “neutral” rating on the stock in a research note on Friday, October 21st. Numis Securities downgraded shares of The Sage Group to an “add” rating and dropped their price target for the stock from GBX 965 ($11.95) to GBX 880 ($10.90) in a research note on Tuesday, January 24th. Shore Capital reissued a “buy” rating on shares of The Sage Group in a research report on Friday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft raised shares of The Sage Group to a “hold” rating and boosted their target price for the stock from GBX 590 ($7.30) to GBX 800 ($9.90) in a research report on Wednesday, November 23rd.
Insider Activity at The Sage Group
In related news, insider Jonathan Howell sold 16,308 shares of the business’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of GBX 805 ($9.97), for a total transaction of £131,279.40 ($162,534.85). In other The Sage Group news, insider Jonathan Howell sold 16,308 shares of the business’s stock in a transaction dated Friday, December 2nd. The shares were sold at an average price of GBX 805 ($9.97), for a total transaction of £131,279.40 ($162,534.85). Also, insider Steve Hare sold 25,056 shares of the business’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of GBX 787 ($9.74), for a total transaction of £197,190.72 ($244,138.57). Insiders sold a total of 63,624 shares of company stock valued at $50,298,852 in the last quarter.
The Sage Group Stock Performance
The Sage Group stock opened at GBX 763.60 ($9.45) on Friday. The Sage Group has a 12-month low of GBX 587.20 ($7.27) and a 12-month high of GBX 823 ($10.19). The company has a market capitalization of £7.82 billion and a price-to-earnings ratio of 3,054.40. The company has a debt-to-equity ratio of 87.47, a current ratio of 0.67 and a quick ratio of 0.58. The firm’s fifty day moving average price is GBX 774.30 and its 200 day moving average price is GBX 737.89.
The Sage Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, February 10th. Investors of record on Thursday, January 12th will be given a dividend of GBX 12.10 ($0.15) per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, January 12th. This is an increase from The Sage Group’s previous dividend of $6.30. The Sage Group’s dividend payout ratio is currently 71.72%.
The Sage Group Company Profile
The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software products and financial management software; Sage People, a HR and people management solution; Sage 200, a finance and business management solution; Sage X3, a business management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to manage customer data, accounts, and people; Sage Payroll for small businesses manage their payroll; and Sage HR for small and mid-sized businesses for record management, leave management, staff scheduling, and expenses services.
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