Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 7,424 shares, a decline of 68.1% from the August 15th total of 23,248 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 20,771 shares, the short-interest ratio is presently 0.4 days.
Sage Group Stock Performance
Shares of SGPYY opened at $51.88 on Friday. The business’s fifty day moving average price is $52.71 and its 200 day moving average price is $48.32. Sage Group has a 12-month low of $41.80 and a 12-month high of $63.09.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sage Group in a research note on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Sage Group in a research report on Friday, August 21st. Citigroup restated a “buy” rating on shares of Sage Group in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.
Sage Group Company Profile
The Sage Group plc is a United Kingdom-based technology company that provides business management software and services for small and mid-sized businesses. Its products are designed to help organizations manage core administrative and financial functions, including accounting, payroll, human resources, payments and enterprise financial management.
Sage offers cloud-based and connected software solutions, including Sage Business Cloud products and Sage Intacct, along with related services such as payroll processing, compliance support and financial reporting.
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