The Sage Group (LON:SGE) Sets New 52-Week High Following Dividend Announcement

The Sage Group plc (LON:SGE - Get Free Report) hit a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as GBX 1,320 ($16.70) and last traded at GBX 1,269.50 ($16.06), with a volume of 6481024 shares trading hands. The stock had previously closed at GBX 1,077 ($13.63).

The newly announced dividend which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be issued a dividend of GBX 13.50 ($0.17) per share. The ex-dividend date is Thursday, January 9th. This is a positive change from The Sage Group's previous dividend of $6.95. This represents a dividend yield of 1.25%. The Sage Group's dividend payout ratio is 7,692.31%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price objective on shares of The Sage Group from GBX 1,300 ($16.45) to GBX 1,250 ($15.82) and set an "overweight" rating on the stock in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of GBX 1,173 ($14.84).

The Sage Group Stock Performance

The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The firm has a market capitalization of £12.65 billion, a PE ratio of 4,882.69, a P/E/G ratio of 1.22 and a beta of 0.53. The firm has a fifty day moving average price of GBX 1,018.27 and a 200 day moving average price of GBX 1,049.92.

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.