The Sage Group plc (LON:SGE – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,124.52 ($14.12) and traded as high as GBX 1,249 ($15.68). The Sage Group shares last traded at GBX 1,247 ($15.65), with a volume of 1,752,417 shares traded.
Wall Street Analyst Weigh In
SGE has been the topic of a number of recent analyst reports. Shore Capital reissued a “hold” rating on shares of The Sage Group in a research report on Thursday, February 29th. Canaccord Genuity Group reissued a “sell” rating and issued a GBX 970 ($12.18) price objective on shares of The Sage Group in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, The Sage Group presently has an average rating of “Hold” and an average price target of GBX 1,052.50 ($13.21).
Check Out Our Latest Stock Report on SGE
The Sage Group Trading Down 0.0 %
The Sage Group Increases Dividend
The firm also recently disclosed a dividend, which was paid on Friday, February 9th. Investors of record on Thursday, January 11th were issued a dividend of GBX 12.75 ($0.16) per share. This represents a yield of 1.28%. This is a positive change from The Sage Group’s previous dividend of $6.55. The ex-dividend date of this dividend was Thursday, January 11th. The Sage Group’s dividend payout ratio (DPR) is presently 9,500.00%.
Insider Activity at The Sage Group
In other The Sage Group news, insider Sangeeta Anand acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The shares were bought at an average cost of GBX 1,208 ($15.16) per share, with a total value of £12,080 ($15,164.45). 0.69% of the stock is currently owned by corporate insiders.
The Sage Group Company Profile
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.
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