Sage Group PLC (OTCMKTS:SGPYY) Receives Average Recommendation of “Moderate Buy” from Analysts

Sage Group PLC (OTCMKTS:SGPYYGet Free Report) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sage Group in a research note on Thursday, July 30th. Citigroup reaffirmed a “buy” rating on shares of Sage Group in a research note on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. Finally, Morgan Stanley restated an “overweight” rating on shares of Sage Group in a research report on Friday, August 21st.

Check Out Our Latest Stock Report on Sage Group

Sage Group Price Performance

SGPYY opened at $59.12 on Monday. The company has a fifty day moving average of $50.22 and a 200 day moving average of $47.51. Sage Group has a fifty-two week low of $41.80 and a fifty-two week high of $63.09.

Institutional Trading of Sage Group

An institutional investor recently bought a new position in Sage Group stock. SPX Gestao de Recursos Ltda purchased a new stake in Sage Group PLC (OTCMKTS:SGPYYFree Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 79,788 shares of the technology company’s stock, valued at approximately $641,000. 0.65% of the stock is currently owned by institutional investors and hedge funds.

Sage Group Company Profile

(Get Free Report)

Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.

The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.

Further Reading

Analyst Recommendations for Sage Group (OTCMKTS:SGPYY)

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