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

Shares of The Sage Group plc (LON:SGE) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,076.56 ($13.49) and traded as high as GBX 1,298 ($16.27). The Sage Group shares last traded at GBX 1,292.50 ($16.20), with a volume of 224,181 shares trading hands.

Analyst Ratings Changes

SGE has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on The Sage Group from £135 ($169.17) to £145 ($181.70) and gave the stock a “buy” rating in a research note on Friday, November 22nd. Canaccord Genuity Group upped their price target on shares of The Sage Group from GBX 970 ($12.16) to GBX 1,090 ($13.66) and gave the stock a “sell” rating in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on shares of The Sage Group from GBX 1,170 ($14.66) to GBX 1,350 ($16.92) and gave the company a “hold” rating in a research report on Friday, November 22nd. Finally, Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of GBX 3,918 ($49.10).

The Sage Group Price Performance

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 stock has a market capitalization of £12.86 billion, a P/E ratio of 4,965.38, a PEG ratio of 1.22 and a beta of 0.53. The company has a fifty day simple moving average of GBX 1,161.41 and a two-hundred day simple moving average of GBX 1,079.95.

The Sage Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 11th. Investors of record on Thursday, January 9th will be paid a dividend of GBX 13.50 ($0.17) per share. This represents a dividend yield of 1.25%. This is an increase 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 payout ratio is 7,692.31%.

Insider Activity at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.42), for a total value of £364,756.40 ($457,088.22). 1.08% of the stock is currently 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.