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

The Sage Group plc (LON:SGE - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,088.29 ($13.52) and traded as high as GBX 1,288 ($16.00). The Sage Group shares last traded at GBX 1,278.73 ($15.88), with a volume of 1,275,263 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Shore Capital restated a "hold" rating on shares of The Sage Group in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft increased their price objective on The Sage Group from GBX 1,170 ($14.53) to GBX 1,350 ($16.77) and gave the stock a "hold" rating in a report on Friday, November 22nd. Canaccord Genuity Group lifted their target price on shares of The Sage Group from GBX 970 ($12.05) to GBX 1,090 ($13.54) and gave the company a "sell" rating in a research note on Friday, November 22nd. Finally, Citigroup raised their target price on The Sage Group from £135 ($167.70) to £145 ($180.12) and gave the company a "buy" rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of GBX 3,918 ($48.67).

The Sage Group Trading Down 0.1 %

The business has a fifty day moving average price of GBX 1,192.04 and a 200 day moving average price of GBX 1,089.61. The company has a market capitalization of £12.73 billion, a price-to-earnings ratio of 4,912.94, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53. 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 Sage Group Increases Dividend

The business also recently declared 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. This represents a yield of 1.25%. This is a positive change from The Sage Group's previous dividend of $6.95. The ex-dividend date is Thursday, January 9th. The Sage Group's dividend payout ratio (DPR) is currently 7,692.31%.

Insider Transactions at The Sage Group

In related news, insider Jonathan Howell sold 27,844 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of GBX 1,310 ($16.27), for a total value of £364,756.40 ($453,113.54). 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.