Insider Selling: The Sage Group plc (LON:SGE) Insider Sells 70,000 Shares of Stock

The Sage Group plc (LON:SGE - Get Free Report) insider Jonathan Howell sold 70,000 shares of The Sage Group stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of GBX 1,270 ($15.99), for a total transaction of £889,000 ($1,119,224.47).

The Sage Group Price Performance

SGE traded up GBX 12.13 ($0.15) during trading on Friday, reaching GBX 1,277.63 ($16.08). The stock had a trading volume of 2,860,762 shares, compared to its average volume of 4,470,858. The business has a 50-day moving average of GBX 1,029.36 and a 200-day moving average of GBX 1,052.16. The Sage Group plc has a one year low of GBX 954.20 ($12.01) and a one year high of GBX 1,320 ($16.62). The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72. The stock has a market cap of £12.73 billion, a PE ratio of 4,975.00, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 11th. Shareholders of record on Thursday, January 9th will be paid a dividend of GBX 13.50 ($0.17) per share. 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. This represents a dividend yield of 1.25%. The Sage Group's dividend payout ratio (DPR) is 7,692.31%.

Wall Street Analyst Weigh In

A number of analysts recently commented on SGE shares. Canaccord Genuity Group upped their price target on shares of The Sage Group from GBX 970 ($12.21) to GBX 1,090 ($13.72) and gave the company a "sell" rating in a research note on Friday. JPMorgan Chase & Co. lowered their target price on shares of The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an "overweight" rating on the stock in a report on Wednesday, July 31st. Citigroup raised their price target on The Sage Group from £135 ($169.96) to £145 ($182.55) and gave the stock a "buy" rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on The Sage Group from GBX 1,170 ($14.73) to GBX 1,350 ($17.00) and gave the company a "hold" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of GBX 3,481.67 ($43.83).

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.