Sage Group (OTCMKTS:SGPYY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Sage Group PLC (OTCMKTS:SGPYY) experienced a significant increase in trading volume, rising by 143% with approximately 94,069 shares traded on Wednesday.
• Analysts' ratings for Sage Group show mixed reviews, with Zacks Research downgrading the stock from "strong-buy" to "hold", while other firms maintain a positive outlook.
• The stock is currently down 0.5% from its previous close, with a 50-day moving average of $60.55 and a 200-day moving average of $63.60.

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 94,069 shares were traded during trading, an increase of 143% from the previous session's volume of 38,718 shares.The stock last traded at $58.80 and had previously closed at $59.21.

Analyst Ratings Changes

Several analysts recently issued reports on SGPYY shares. Zacks Research cut shares of Sage Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 19th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Sage Group in a research note on Wednesday, June 25th. Finally, Oddo Bhf started coverage on shares of Sage Group in a research note on Thursday, July 10th. They set an "outperform" rating for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Sage Group Stock Down 0.5%

The firm's 50 day moving average price is $60.55 and its two-hundred day moving average price is $63.60.

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.

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