The Sage Group (LON:SGE) Hits New 52-Week High After Dividend Announcement

The Sage Group plc (LON:SGE)’s share price hit a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as GBX 1,320 ($16.70) and last traded at GBX 1,269.50 ($16.06), with a volume of 6481024 shares traded. The stock had previously closed at GBX 1,077 ($13.63).

The newly announced dividend which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be paid a dividend of GBX 13.50 ($0.17) per share. This is a boost 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%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price target on The Sage Group from GBX 1,300 ($16.45) to GBX 1,250 ($15.82) and set an “overweight” rating for the company in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,173 ($14.84).

The Sage Group Stock Performance

The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 115.72. The stock has a market capitalization of £12.65 billion, a price-to-earnings ratio of 4,925.00, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The firm’s fifty day moving average price is GBX 1,018.27 and its 200 day moving average price is GBX 1,049.92.

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.