The Sage Group (LON:SGE) Sets New 12-Month High at $1,285.00

The Sage Group plc (LON:SGE) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 1,285 ($16.24) and last traded at GBX 1,280.50 ($16.18), with a volume of 70776 shares trading hands. The stock had previously closed at GBX 1,282 ($16.20).

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SGE shares. Shore Capital reissued a “hold” rating on shares of The Sage Group in a research note on Thursday, February 29th. Canaccord Genuity Group reaffirmed a “sell” rating and set a GBX 970 ($12.26) price target on shares of The Sage Group in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, The Sage Group has an average rating of “Hold” and a consensus price target of GBX 1,052.50 ($13.30).

The Sage Group Price Performance

The company has a market capitalization of £12.66 billion, a P/E ratio of 6,026.19, a P/E/G ratio of 3.37 and a beta of 0.57. The company’s 50-day simple moving average is GBX 1,205.34 and its 200 day simple moving average is GBX 1,115.06. The company has a quick ratio of 0.58, a current ratio of 0.94 and a debt-to-equity ratio of 89.34.

The Sage Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 9th. Stockholders of record on Thursday, January 11th were paid a GBX 12.75 ($0.16) dividend. The ex-dividend date of this dividend was Thursday, January 11th. This is a positive change from The Sage Group’s previous dividend of $6.55. This represents a dividend yield of 1.28%. The Sage Group’s payout ratio is presently 9,047.62%.

Insider Activity at The Sage Group

In other The Sage Group news, insider Sangeeta Anand purchased 1,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were bought at an average cost of GBX 1,208 ($15.27) per share, with a total value of £12,080 ($15,266.02). 0.69% of the stock is owned by corporate insiders.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software product 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.