The Sage Group (LON:SGE) Shares Pass Above 200 Day Moving Average – Should You Sell?

The Sage Group plc (LON:SGE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,076.56 ($13.50) and traded as high as GBX 1,298 ($16.28). The Sage Group shares last traded at GBX 1,292.50 ($16.21), with a volume of 224,181 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SGE. Canaccord Genuity Group boosted their target price on shares of The Sage Group from GBX 970 ($12.17) to GBX 1,090 ($13.67) and gave the stock a “sell” rating in a research note on Friday, November 22nd. Citigroup increased their price objective on The Sage Group from £135 ($169.32) to £145 ($181.86) and gave the company a “buy” rating in a research report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on The Sage Group from GBX 1,170 ($14.67) to GBX 1,350 ($16.93) and gave the stock a “hold” rating in a research report on Friday, November 22nd. Finally, Shore Capital reiterated a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 3,918 ($49.14).

The Sage Group Stock Up 0.3 %

The business’s fifty day simple moving average is GBX 1,150.23 and its 200 day simple moving average is GBX 1,076.56. The stock has a market cap of £12.88 billion, a price-to-earnings ratio of 4,971.15, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. 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 Sage Group Increases Dividend

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

Insider Activity at The Sage Group

In related news, insider Jonathan Howell sold 70,000 shares of The Sage Group stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.93), for a total transaction of £889,000 ($1,115,013.17). 1.08% of the stock is currently owned by corporate 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.