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

The Sage Group plc (LON:SGE)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,076.56 ($13.50) and traded as high as GBX 1,298 ($16.28). The Sage Group shares last traded at GBX 1,292.50 ($16.21), with a volume of 224,181 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SGE shares. Canaccord Genuity Group increased their price target on The Sage Group from GBX 970 ($12.17) to GBX 1,090 ($13.67) and gave the stock a “sell” rating in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of The Sage Group from GBX 1,170 ($14.67) to GBX 1,350 ($16.93) and gave the stock a “hold” rating in a research report on Friday, November 22nd. Citigroup upped their price objective on The Sage Group from £135 ($169.32) to £145 ($181.86) and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, The Sage Group currently has a consensus rating of “Hold” and an average price target of GBX 3,918 ($49.14).

The Sage Group Stock Up 0.3 %

The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72. The firm’s 50 day simple moving average is GBX 1,150.23 and its 200-day simple moving average is GBX 1,076.56. The stock has a market capitalization of £12.88 billion, a price-to-earnings ratio of 4,971.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be issued a GBX 13.50 ($0.17) dividend. This is a boost from The Sage Group’s previous dividend of $6.95. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 1.25%. The Sage Group’s dividend payout ratio (DPR) 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 firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.43), for a total value of £364,756.40 ($457,489.53). 1.08% of the stock is owned by company 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.