Shares of Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $47.77 and traded as high as $58.20. Sage Group shares last traded at $57.45, with a volume of 10,386 shares traded.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on SGPYY shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Sage Group in a research note on Friday, July 10th. Citigroup restated a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Read Our Latest Report on SGPYY
Sage Group Price Performance
Institutional Investors Weigh In On Sage Group
An institutional investor recently bought a new position in Sage Group stock. SPX Gestao de Recursos Ltda bought a new position in shares of Sage Group PLC (OTCMKTS:SGPYY – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 79,788 shares of the technology company’s stock, valued at approximately $641,000. Institutional investors own 0.65% of the company’s stock.
About Sage Group
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.
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