Sage Group (OTCMKTS:SGPYY) Sees Large Volume Increase - Here's What Happened

Key Points

• Sage Group PLC experienced a significant increase in trading volume, with 191,364 shares traded on Wednesday, which is a 372% increase from the previous session's volume.
• Analysts from Jefferies Financial Group and Oddo Bhf have issued a "buy" and an "outperform" rating for Sage Group, indicating expectations for continued growth in the stock.
• The company announced a recent dividend payment of $0.3366 per share, which yields 1.4%, with the ex-dividend date occurring on May 30th.

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) saw an uptick in trading volume on Wednesday . 191,364 shares traded hands during trading, an increase of 372% from the previous session's volume of 40,582 shares.The stock last traded at $64.09 and had previously closed at $67.30.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SGPYY. Jefferies Financial Group reissued a "buy" rating on shares of Sage Group in a report on Wednesday, June 25th. Oddo Bhf assumed coverage on shares of Sage Group in a report on Thursday, July 10th. They issued an "outperform" rating for the company.

Sage Group Price Performance

The stock's fifty day simple moving average is $67.29 and its 200-day simple moving average is $65.26.

Sage Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 2nd were issued a $0.3366 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 140.0%.

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.