The Sage Group (LON:SGE) Stock Crosses Above 200 Day Moving Average - Should You Sell?

The Sage Group plc (LON:SGE - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,185.09 ($15.32) and traded as high as GBX 1,217.50 ($15.74). The Sage Group shares last traded at GBX 1,210 ($15.65), with a volume of 250,125,063 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Citigroup reissued a "buy" rating on shares of The Sage Group in a report on Tuesday, January 7th. Canaccord Genuity Group restated a "sell" rating and issued a GBX 1,090 ($14.09) price objective on shares of The Sage Group in a report on Thursday, January 30th. Finally, Shore Capital reaffirmed a "hold" rating on shares of The Sage Group in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 3,446.67 ($44.57).

The Sage Group Price Performance

The stock has a market capitalization of £11.98 billion, a P/E ratio of 47.03, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. The business's 50 day simple moving average is GBX 1,273.49 and its two-hundred day simple moving average is GBX 1,187.77. The company has a quick ratio of 0.58, a current ratio of 0.76 and a debt-to-equity ratio of 114.00.

The Sage Group Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 11th. Investors of record on Thursday, January 9th were given a GBX 13.50 ($0.17) dividend. This is a boost from The Sage Group's previous dividend of $6.95. The ex-dividend date of this dividend was Thursday, January 9th. This represents a yield of 1.25%. The Sage Group's dividend payout ratio (DPR) is presently 77.74%.

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.