The Sage Group (LON:SGE) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

The Sage Group plc (LON:SGE)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,139.61 ($14.32) and traded as high as GBX 1,331 ($16.73). The Sage Group shares last traded at GBX 1,314.58 ($16.52), with a volume of 2,245,657 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SGE. Citigroup reissued a “buy” rating on shares of The Sage Group in a research note on Tuesday, January 7th. Canaccord Genuity Group increased their price objective on shares of The Sage Group from GBX 970 ($12.19) to GBX 1,090 ($13.70) and gave the stock a “sell” rating in a research report on Friday, November 22nd. Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Thursday, January 30th. Canaccord Genuity Group reaffirmed a “sell” rating and set a GBX 1,090 ($13.70) price target on shares of The Sage Group in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on The Sage Group from GBX 1,170 ($14.70) to GBX 1,350 ($16.97) and gave the stock a “hold” rating in a report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, The Sage Group presently has a consensus rating of “Hold” and a consensus target price of GBX 3,446.67 ($43.32).

The Sage Group Stock Down 0.3 %

The company has a market cap of £13.01 billion, a price-to-earnings ratio of 51.10, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76. The stock’s fifty day moving average is GBX 1,306.40 and its two-hundred day moving average is GBX 1,139.61.

The Sage Group (LON:SGE) last issued its quarterly earnings data on Wednesday, November 20th. The company reported GBX 37.90 ($0.48) EPS for the quarter. The Sage Group had a return on equity of 24.48% and a net margin of 11.87%. Sell-side analysts predict that The Sage Group plc will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th were paid a dividend of GBX 13.50 ($0.17) per share. The ex-dividend date was Thursday, January 9th. This is a boost from The Sage Group’s previous dividend of $6.95. This represents a yield of 1.25%. The Sage Group’s dividend payout ratio (DPR) is 77.74%.

Insiders Place Their Bets

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of The Sage Group stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.46), for a total transaction of £364,756.40 ($458,409.45). Insiders own 1.08% of the company’s stock.

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.