Sage Group (OTCMKTS:SGPYY) Shares Gap Down - Here's Why

Sage Group PLC (OTCMKTS:SGPYY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $67.74, but opened at $64.61. Sage Group shares last traded at $64.86, with a volume of 3,204 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a "buy" rating on shares of Sage Group in a report on Wednesday, June 25th.

Sage Group Stock Performance

The company has a 50 day moving average of $67.05 and a two-hundred day moving average of $64.89.

Sage Group Cuts Dividend

The business 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 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.