The Sage Group plc (LON:SGE - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,221.68 ($16.31) and traded as high as GBX 1,282 ($17.12). The Sage Group shares last traded at GBX 1,253.50 ($16.74), with a volume of 2,139,621 shares trading hands.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on SGE. Citigroup restated a "buy" rating on shares of The Sage Group in a research report on Tuesday, January 7th. Canaccord Genuity Group restated a "sell" rating and set a GBX 1,090 ($14.55) target price on shares of The Sage Group in a research report on Thursday, January 30th. Finally, Shore Capital reiterated a "hold" rating on shares of The Sage Group in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of GBX 3,446.67 ($46.02).
Check Out Our Latest Stock Report on SGE
The Sage Group Price Performance
The company has a market capitalization of £12.43 billion, a price-to-earnings ratio of 48.82, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a 50-day moving average price of GBX 1,197.14 and a 200-day moving average price of GBX 1,221.68. The company has a debt-to-equity ratio of 114.00, a quick ratio of 0.58 and a current ratio of 0.76.
The Sage Group Increases Dividend
The company also recently announced a dividend, which was paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th were paid a GBX 13.50 ($0.18) dividend. This represents a yield of 1.25%. The ex-dividend date was Thursday, January 9th. This is an increase from The Sage Group's previous dividend of $6.95. The Sage Group's dividend payout ratio is presently 77.74%.
About The Sage Group
(
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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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