The Sage Group (LON:SGE) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

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 1,088.29 ($13.47) and traded as high as GBX 1,288 ($15.94). The Sage Group shares last traded at GBX 1,278.73 ($15.83), with a volume of 1,275,263 shares changing hands.

Wall Street Analyst Weigh In

SGE has been the subject of a number of analyst reports. Shore Capital reissued a “hold” rating on shares of The Sage Group in a research report on Wednesday, December 4th. Canaccord Genuity Group lifted their price target on The Sage Group from GBX 970 ($12.01) to GBX 1,090 ($13.49) and gave the company a “sell” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on The Sage Group from GBX 1,170 ($14.48) to GBX 1,350 ($16.71) and gave the stock a “hold” rating in a research note on Friday, November 22nd. Finally, Citigroup raised their target price on The Sage Group from £135 ($167.10) to £145 ($179.48) and gave the stock a “buy” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 3,918 ($48.50).

The Sage Group Stock Performance

The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72. The firm has a fifty day moving average of GBX 1,187.02 and a 200-day moving average of GBX 1,088.29. The stock has a market capitalization of £12.74 billion, a price-to-earnings ratio of 4,918.18, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th will be issued a GBX 13.50 ($0.17) dividend. This represents a yield of 1.25%. 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. The Sage Group’s dividend payout ratio is 7,692.31%.

Insiders Place Their Bets

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.21), for a total value of £364,756.40 ($451,487.07). 1.08% 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.