Sage Group (OTCMKTS:SGPYY) Sees Large Volume Increase - Time to Buy?

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 70,962 shares traded hands during trading, an increase of 95% from the previous session's volume of 36,475 shares.The stock last traded at $68.12 and had previously closed at $68.36.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SGPYY shares. Oddo Bhf started coverage on Sage Group in a research report on Thursday, July 10th. They set an "outperform" rating on the stock. Jefferies Financial Group reaffirmed a "buy" rating on shares of Sage Group in a research report on Wednesday, June 25th.

Sage Group Stock Down 0.2%

The stock's 50 day moving average is $67.23 and its two-hundred day moving average is $64.99.

Sage Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 11th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.3366 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was 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.

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