The Sage Group plc (LON:SGE) Insider Annette Court Purchases 950 Shares

The Sage Group plc (LON:SGE) insider Annette Court purchased 950 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average price of GBX 1,065 ($13.53) per share, for a total transaction of £10,117.50 ($12,855.78).

The Sage Group Price Performance

LON:SGE opened at GBX 1,078 ($13.70) on Thursday. The company has a 50-day moving average of GBX 1,115.65 and a 200-day moving average of GBX 1,166.65. The company has a market capitalization of £10.76 billion, a price-to-earnings ratio of 4,146.15, a PEG ratio of 2.80 and a beta of 0.59. The Sage Group plc has a 52 week low of GBX 860.60 ($10.94) and a 52 week high of GBX 1,285 ($16.33). 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 Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be issued a dividend of GBX 6.95 ($0.09) per share. This represents a dividend yield of 0.58%. The ex-dividend date is Thursday, May 30th. The Sage Group’s payout ratio is 7,692.31%.

Wall Street Analyst Weigh In

Several analysts have issued reports on SGE shares. Shore Capital restated a “hold” rating on shares of The Sage Group in a research report on Thursday, May 16th. Canaccord Genuity Group restated a “sell” rating and issued a GBX 970 ($12.33) price target on shares of The Sage Group in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of GBX 1,108.33 ($14.08).

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.