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

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 70,962 shares were traded 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.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Jefferies Financial Group reiterated a "buy" rating on shares of Sage Group in a research note 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 Stock Up 0.8%

The firm has a fifty day simple moving average of $67.26 and a two-hundred day simple moving average of $65.08.

Sage Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 11th. Investors 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 was Friday, May 30th.

About 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.