The Sage Group (LON:SGE) Share Price Passes Above 200-Day Moving Average - What's Next?

The Sage Group plc (LON:SGE - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,107.95 ($13.66) and traded as high as GBX 1,323.50 ($16.32). The Sage Group shares last traded at GBX 1,318.11 ($16.25), with a volume of 3,586,062 shares.

Analysts Set New Price Targets

SGE has been the topic of a number of research analyst reports. Shore Capital restated a "hold" rating on shares of The Sage Group in a report on Wednesday, December 4th. Citigroup reaffirmed a "buy" rating on shares of The Sage Group in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of The Sage Group from GBX 1,170 ($14.43) to GBX 1,350 ($16.65) and gave the stock a "hold" rating in a research note on Friday, November 22nd. Finally, Canaccord Genuity Group upped their price objective on shares of The Sage Group from GBX 970 ($11.96) to GBX 1,090 ($13.44) and gave the stock a "sell" rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, The Sage Group presently has an average rating of "Hold" and a consensus target price of GBX 3,918 ($48.31).

The Sage Group Stock Down 0.2 %

The stock has a market capitalization of £13.14 billion, a PE ratio of 5,071.15, 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 company's 50-day moving average is GBX 1,256.70 and its 200 day moving average is GBX 1,107.95.

The Sage Group Increases Dividend

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

Insider Buying and Selling

In other news, insider Jonathan Howell sold 70,000 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.66), for a total transaction of £889,000 ($1,096,177.56). 1.08% of the stock is owned by corporate insiders.

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.