The Sage Group (LON:SGE) Earns “Hold” Rating from Shore Capital

Shore Capital reissued their hold rating on shares of The Sage Group (LON:SGE) in a report published on Thursday morning, Marketbeat.com reports.

A number of other equities research analysts also recently weighed in on SGE. Deutsche Bank Aktiengesellschaft raised their price target on The Sage Group from GBX 1,170 ($14.53) to GBX 1,350 ($16.77) and gave the company a “hold” rating in a research report on Friday, November 22nd. Citigroup reissued a “buy” rating on shares of The Sage Group in a report on Tuesday, January 7th. Finally, Canaccord Genuity Group upped their target price on The Sage Group from GBX 970 ($12.05) to GBX 1,090 ($13.54) and gave the stock a “sell” rating in a research note on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 3,446.67 ($42.81).

The Sage Group Stock Down 0.3 %

SGE stock opened at GBX 1,325.50 ($16.46) on Thursday. The Sage Group has a 1-year low of GBX 954.20 ($11.85) and a 1-year high of GBX 1,342 ($16.67). The stock has a market cap of £13.21 billion, a price-to-earnings ratio of 5,098.08, 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 company’s 50 day moving average is GBX 1,295.51 and its 200 day moving average is GBX 1,120.02.

The Sage Group (LON:SGE) last issued its quarterly 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%. Sell-side analysts predict that The Sage Group will post 42.1496095 EPS for the current fiscal year.

The Sage Group Increases Dividend

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

Insider Transactions at The Sage Group

In other The Sage Group news, insider Jonathan Howell sold 70,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.77), for a total value of £889,000 ($1,104,073.52). Company insiders own 1.08% of the company’s stock.

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.