Shares of The Sage Group plc (LON:SGE – Get Free Report) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,052.50 ($13.00).
A number of research analysts have recently weighed in on the company. Shore Capital reaffirmed a “hold” rating on shares of The Sage Group in a research report on Thursday, February 29th. Canaccord Genuity Group reissued a “sell” rating and issued a GBX 970 ($11.98) price target on shares of The Sage Group in a report on Tuesday, February 27th.
Read Our Latest Analysis on The Sage Group
The Sage Group Stock Down 0.8 %
The Sage Group Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were paid a GBX 12.75 ($0.16) dividend. This is an increase from The Sage Group’s previous dividend of $6.55. The ex-dividend date was Thursday, January 11th. This represents a yield of 1.28%. The Sage Group’s payout ratio is presently 9,500.00%.
Insiders Place Their Bets
In other news, insider Sangeeta Anand acquired 1,000 shares of The Sage Group stock in a transaction on Tuesday, January 30th. The shares were acquired at an average price of GBX 1,208 ($14.92) per share, with a total value of £12,080 ($14,920.95). Corporate insiders own 0.73% of the company’s stock.
About The Sage Group
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.
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