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

The Sage Group plc (LON:SGE) insider Jonathan Howell sold 70,000 shares of The Sage Group stock in a transaction on Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.92), for a total value of £889,000 ($1,114,454.06).

The Sage Group Stock Up 1.6 %

SGE stock opened at GBX 1,286 ($16.12) on Friday. The Sage Group plc has a fifty-two week low of GBX 954.20 ($11.96) and a fifty-two week high of GBX 1,320 ($16.55). The company’s 50 day moving average price is GBX 1,035.08 and its 200 day moving average price is GBX 1,052.99. 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 firm has a market capitalization of £12.81 billion, a price-to-earnings ratio of 4,946.15, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be issued a GBX 13.50 ($0.17) dividend. This represents a dividend 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 presently 7,692.31%.

Analysts Set New Price Targets

Several research firms have weighed in on SGE. Citigroup lifted their target price on The Sage Group from £135 ($169.24) to £145 ($181.77) and gave the company a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of The Sage Group from GBX 1,170 ($14.67) to GBX 1,350 ($16.92) and gave the company a “hold” rating in a report on Friday. JPMorgan Chase & Co. reduced their target price on shares of The Sage Group from GBX 1,300 ($16.30) to GBX 1,250 ($15.67) and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, Canaccord Genuity Group boosted their price target on shares of The Sage Group from GBX 970 ($12.16) to GBX 1,090 ($13.66) and gave the stock a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, The Sage Group currently has a consensus rating of “Hold” and a consensus target price of GBX 3,918 ($49.12).

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.