Sage Group (OTCMKTS:SGPYY) Sees Large Volume Increase - Still a Buy?

Shares of Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 56,982 shares traded hands during mid-day trading, an increase of 69% from the previous session's volume of 33,796 shares.The stock last traded at $67.10 and had previously closed at $66.12.

Analysts Set New Price Targets

SGPYY has been the subject of several research analyst reports. Jefferies Financial Group restated a "buy" rating on shares of Sage Group in a research report on Wednesday, June 25th. Oddo Bhf assumed coverage on shares of Sage Group in a research report on Thursday. They set an "outperform" rating for the company.

Sage Group Trading Down 0.8%

The firm's 50-day simple moving average is $67.23 and its 200 day simple moving average is $64.92.

Sage Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, July 11th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.3366 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, May 30th.

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.