The Sage Group (LON:SGE) Stock Passes Above 200 Day Moving Average – Here’s Why

The Sage Group plc (LON:SGE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,088.29 ($13.52) and traded as high as GBX 1,288 ($16.00). The Sage Group shares last traded at GBX 1,278.73 ($15.88), with a volume of 1,275,263 shares changing hands.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Shore Capital restated a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. Canaccord Genuity Group upped their target price on The Sage Group from GBX 970 ($12.05) to GBX 1,090 ($13.54) and gave the stock a “sell” rating in a report on Friday, November 22nd. Citigroup boosted their price target on The Sage Group from £135 ($167.70) to £145 ($180.12) and gave the stock a “buy” rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on The Sage Group from GBX 1,170 ($14.53) to GBX 1,350 ($16.77) and gave the company a “hold” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 3,918 ($48.67).

The Sage Group Stock Performance

The business has a 50-day moving average price of GBX 1,192.04 and a 200-day moving average price of GBX 1,089.61. 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 market capitalization of £12.73 billion, a price-to-earnings ratio of 4,912.94, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

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

Insider Buying and Selling at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.27), for a total transaction of £364,756.40 ($453,113.54). 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.