Jefferies Financial Group restated their buy rating on shares of The Sage Group (LON:SGE – Free Report) in a research note issued to investors on Thursday morning, Marketbeat.com reports. The brokerage currently has a GBX 1,400 ($17.76) target price on the stock.
Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group reiterated a sell rating and issued a GBX 970 ($12.30) target price on shares of The Sage Group in a research note on Friday, May 17th. Shore Capital reiterated a hold rating on shares of The Sage Group in a research note on Thursday, May 16th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of GBX 1,178.33 ($14.95).
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The Sage Group Stock Performance
The Sage Group Cuts Dividend
The business also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 30th were given a GBX 6.95 ($0.09) dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend was Thursday, May 30th. The Sage Group’s dividend payout ratio (DPR) is presently 7,692.31%.
Insider Activity
In other news, insider Annette Court acquired 950 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was bought at an average price of GBX 1,065 ($13.51) per share, with a total value of £10,117.50 ($12,834.58). Insiders own 0.67% of the company’s stock.
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.
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