The Sage Group (LON:SGE) Stock Crosses Above 200 Day Moving Average – What’s Next?

The Sage Group plc (LON:SGE)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,118.26 ($13.92) and traded as high as GBX 1,339.50 ($16.68). The Sage Group shares last traded at GBX 1,335.19 ($16.62), with a volume of 1,751,927 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Canaccord Genuity Group raised their target price on shares of The Sage Group from GBX 970 ($12.08) to GBX 1,090 ($13.57) and gave the company a “sell” rating in a research report on Friday, November 22nd. Citigroup reiterated a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of The Sage Group from GBX 1,170 ($14.57) to GBX 1,350 ($16.81) and gave the stock a “hold” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 3,918 ($48.78).

The Sage Group Trading Up 0.6 %

The company has a market cap of £13.30 billion, a price-to-earnings ratio of 5,135.35, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The business’s fifty day moving average price is GBX 1,290.10 and its 200 day moving average price is GBX 1,118.26.

The Sage Group (LON:SGE) last released its earnings results on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) earnings per share (EPS) for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 22.31%. Research analysts anticipate that The Sage Group plc will post 42.1496095 earnings per share for the current fiscal year.

The Sage Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be issued a GBX 13.50 ($0.17) dividend. This is a positive change from The Sage Group’s previous dividend of $6.95. The ex-dividend date of this dividend is Thursday, January 9th. This represents a yield of 1.25%. The Sage Group’s payout ratio is presently 7,692.31%.

Insider Activity at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of The Sage Group stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.31), for a total value of £364,756.40 ($454,128.98). 1.08% of the stock is owned by company 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.