The Sage Group (LON:SGE) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

The Sage Group plc (LON:SGE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,192.76 ($15.39) and traded as high as GBX 1,219 ($15.72). The Sage Group shares last traded at GBX 1,207 ($15.57), with a volume of 2,501,778 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SGE. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 1,090 ($14.06) price target on shares of The Sage Group in a research report on Thursday, January 30th. Citigroup restated a “buy” rating on shares of The Sage Group in a research report on Tuesday, January 7th. Finally, Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 3,446.67 ($44.46).

The Sage Group Stock Down 1.2 %

The company has a debt-to-equity ratio of 114.00, a current ratio of 0.76 and a quick ratio of 0.58. The business has a 50 day simple moving average of GBX 1,262.01 and a 200 day simple moving average of GBX 1,192.75. The stock has a market cap of £11.80 billion, a PE ratio of 46.35, a P/E/G ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 9th were paid a GBX 13.50 ($0.17) dividend. 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 was Thursday, January 9th. The Sage Group’s dividend payout ratio (DPR) is presently 77.74%.

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.