The Sage Group (LON:SGE) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

The Sage Group plc (LON:SGE)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,149.86 ($14.53) and traded as high as GBX 1,312.50 ($16.58). The Sage Group shares last traded at GBX 1,302.98 ($16.46), with a volume of 1,602,374 shares changing hands.

Analyst Ratings Changes

Several research firms recently weighed in on SGE. Deutsche Bank Aktiengesellschaft increased their price objective on shares of The Sage Group from GBX 1,170 ($14.78) to GBX 1,350 ($17.06) and gave the stock a “hold” rating in a research note on Friday, November 22nd. Citigroup reiterated a “buy” rating on shares of The Sage Group in a research note on Tuesday, January 7th. Canaccord Genuity Group increased their price objective on shares of The Sage Group from GBX 970 ($12.26) to GBX 1,090 ($13.77) and gave the stock a “sell” rating in a research note on Friday, November 22nd. Canaccord Genuity Group reiterated a “sell” rating and set a GBX 1,090 ($13.77) price objective on shares of The Sage Group in a research note on Thursday, January 30th. Finally, Shore Capital reiterated a “hold” rating on shares of The Sage Group in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, The Sage Group has an average rating of “Hold” and an average target price of GBX 3,446.67 ($43.55).

The Sage Group Stock Down 0.1 %

The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00. The firm has a market cap of £12.90 billion, a price-to-earnings ratio of 50.65, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The stock’s 50 day moving average is GBX 1,308 and its 200 day moving average is GBX 1,150.93.

The Sage Group (LON:SGE) last posted its quarterly earnings data on Wednesday, November 20th. The company reported GBX 37.90 ($0.48) EPS for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 24.48%. Analysts forecast that The Sage Group plc will post 42.1496095 EPS for the current year.

The Sage Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 9th were paid a dividend of GBX 13.50 ($0.17) per share. This represents a dividend yield of 1.25%. The ex-dividend date was Thursday, January 9th. This is a positive change from The Sage Group’s previous dividend of $6.95. The Sage Group’s dividend payout ratio (DPR) is currently 77.74%.

Insiders Place Their Bets

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of The Sage Group stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.55), for a total value of £364,756.40 ($460,841.95). 1.08% of the stock is currently owned by company insiders.

About The 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.