The Sage Group (OTCMKTS:SGPYY) Stock Rating Reaffirmed by Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of The Sage Group (OTCMKTS:SGPYY) in a research report sent to investors on Monday, The Fly reports.

Several other research firms have also weighed in on SGPYY. Deutsche Bank Aktiengesellschaft reaffirmed a sell rating on shares of The Sage Group in a report on Monday, November 23rd. JPMorgan Chase & Co. reissued an underweight rating on shares of The Sage Group in a report on Wednesday, November 25th. Zacks Investment Research lowered shares of The Sage Group from a buy rating to a hold rating in a report on Wednesday, November 11th. Credit Suisse Group reissued an underperform rating on shares of The Sage Group in a report on Monday, November 23rd. Finally, UBS Group reissued a sell rating on shares of The Sage Group in a report on Tuesday, November 24th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The Sage Group currently has an average rating of Hold and a consensus price target of $42.00.

SGPYY opened at $31.32 on Monday. The firm’s 50-day simple moving average is $32.04 and its 200-day simple moving average is $35.76. The Sage Group has a twelve month low of $24.61 and a twelve month high of $41.69. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 22.53 and a beta of 1.01.

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, February 26th. Stockholders of record on Friday, January 15th will be paid a $0.559 dividend. The ex-dividend date is Thursday, January 14th. This is a positive change from The Sage Group’s previous Semi-Annual dividend of $0.24. The Sage Group’s dividend payout ratio (DPR) is 35.97%.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, Central and Southern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud financial management platform; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a payroll and HR software; and CakeHR, a HR management solution that enables small businesses to manage workforces with tools comprises reporting, organization chart, pay slip, and absence request.

Further Reading: What is Call Option Volume?