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

The Sage Group plc (LON:SGE) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,107.95 ($13.64) and traded as high as GBX 1,323.50 ($16.29). The Sage Group shares last traded at GBX 1,318.11 ($16.23), with a volume of 3,586,062 shares traded.

Analyst Ratings Changes

SGE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Sage Group from GBX 1,170 ($14.40) to GBX 1,350 ($16.62) and gave the company a “hold” rating in a research report on Friday, November 22nd. Canaccord Genuity Group increased their price target on The Sage Group from GBX 970 ($11.94) to GBX 1,090 ($13.42) and gave the stock a “sell” rating in a report on Friday, November 22nd. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. Finally, Citigroup reiterated a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 3,918 ($48.23).

The Sage Group Trading Up 0.8 %

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 company has a market capitalization of £13.28 billion, a P/E ratio of 5,126.92, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The business has a fifty day moving average price of GBX 1,262.94 and a 200 day moving average price of GBX 1,109.54.

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

The Sage Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th will be paid a GBX 13.50 ($0.17) dividend. 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 payout ratio is presently 7,692.31%.

Insider Transactions 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 on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.13), for a total transaction of £364,756.40 ($449,041.49). Company insiders own 1.08% of the company’s stock.

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.