The Sage Group (LON:SGE) Stock Crosses Above 200 Day Moving Average – What’s Next?

The Sage Group plc (LON:SGE)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,118.26 ($13.92) and traded as high as GBX 1,339.50 ($16.68). The Sage Group shares last traded at GBX 1,335.19 ($16.62), with a volume of 1,751,927 shares changing hands.

Wall Street Analyst Weigh In

SGE has been the topic of several research analyst reports. Shore Capital reissued a “hold” rating on shares of The Sage Group in a report on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of The Sage Group from GBX 1,170 ($14.57) to GBX 1,350 ($16.81) and gave the company a “hold” rating in a report on Friday, November 22nd. Citigroup reaffirmed a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group raised their target price on shares of The Sage Group from GBX 970 ($12.08) to GBX 1,090 ($13.57) and gave the stock a “sell” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, The Sage Group has a consensus rating of “Hold” and an average target price of GBX 3,918 ($48.78).

The Sage Group Price Performance

The company’s fifty day moving average price is GBX 1,290.10 and its 200 day moving average price is GBX 1,118.26. The company has a market capitalization of £13.30 billion, a P/E ratio of 5,135.35, a PEG 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 (LON:SGE) last announced its earnings results on Wednesday, November 20th. The company reported GBX 37.90 ($0.47) EPS for the quarter. The Sage Group had a net margin of 11.87% and a return on equity of 22.31%. As a group, sell-side analysts forecast that The Sage Group plc will post 42.1496095 EPS for the current year.

The Sage Group Increases Dividend

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

Insider Activity at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 27,844 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.31), for a total value of £364,756.40 ($454,128.98). 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.