The Sage Group (LON:SGE) Hits New 1-Year High – Here’s What Happened

The Sage Group plc (LON:SGE)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,321.50 ($16.52) and last traded at GBX 1,320.50 ($16.50), with a volume of 6086295 shares traded. The stock had previously closed at GBX 1,305 ($16.31).

Analyst Ratings Changes

SGE has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on The Sage Group from GBX 1,170 ($14.62) to GBX 1,350 ($16.87) and gave the company a “hold” rating in a report on Friday, November 22nd. Canaccord Genuity Group boosted their target price on The Sage Group from GBX 970 ($12.12) to GBX 1,090 ($13.62) and gave the stock a “sell” rating in a report on Friday, November 22nd. Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. Finally, Citigroup boosted their price objective on shares of The Sage Group from £135 ($168.73) to £145 ($181.23) and gave the stock a “buy” rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 3,918 ($48.97).

The Sage Group Stock Performance

The stock has a market cap of £12.85 billion, a P/E ratio of 4,959.62, a P/E/G ratio of 1.22 and a beta of 0.53. The firm has a 50 day moving average of GBX 1,132.94 and a two-hundred day moving average of GBX 1,071.32. The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72.

The Sage Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be paid a GBX 13.50 ($0.17) dividend. This is an increase from The Sage Group’s previous dividend of $6.95. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 1.25%. The Sage Group’s dividend payout ratio (DPR) is presently 7,692.31%.

Insider Buying and Selling

In related news, insider Jonathan Howell sold 70,000 shares of The Sage Group stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.87), for a total transaction of £889,000 ($1,111,111.11). 1.08% of the stock is currently owned by insiders.

The 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.