The Sage Group plc (LON:SGE) Insider Jonathan Howell Sells 27,844 Shares of Stock

The Sage Group plc (LON:SGE) insider Jonathan Howell sold 27,844 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.72), for a total value of £364,756.40 ($465,428.61).

Jonathan Howell also recently made the following trade(s):

• On Thursday, November 21st, Jonathan Howell sold 70,000 shares of The Sage Group stock. The stock was sold at an average price of GBX 1,270 ($16.21), for a total value of £889,000 ($1,134,362.64).

The Sage Group Stock Performance

Shares of SGE stock opened at GBX 1,309 ($16.70) on Friday. The Sage Group plc has a 52-week low of GBX 954.20 ($12.18) and a 52-week high of GBX 1,321 ($16.86). The stock’s 50-day moving average price is GBX 1,086.89 and its 200 day moving average price is GBX 1,060.45. The stock has a market capitalization of £13.04 billion, a PE ratio of 5,034.62, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 115.72.

The Sage Group Increases Dividend

The company also recently declared a 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 positive change 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 payout ratio is 7,692.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup raised their target price on The Sage Group from £135 ($172.26) to £145 ($185.02) and gave the stock a “buy” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft raised their price target on The Sage Group from GBX 1,170 ($14.93) to GBX 1,350 ($17.23) and gave the stock a “hold” rating in a research report on Friday, November 22nd. Shore Capital restated a “hold” rating on shares of The Sage Group in a research report on Wednesday. Finally, Canaccord Genuity Group lifted their target price on The Sage Group from GBX 970 ($12.38) to GBX 1,090 ($13.91) and gave the company a “sell” rating in a report on Friday, November 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 3,918 ($49.99).

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.