JPMorgan Chase & Co. reaffirmed their overweight rating on shares of The Sage Group (LON:SGE – Free Report) in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 1,300 ($16.44) target price on the stock.
Other equities research analysts have also recently issued research reports about the company. Shore Capital reaffirmed a hold rating on shares of The Sage Group in a research report on Thursday, May 16th. Canaccord Genuity Group reiterated a buy rating and set a GBX 615 ($7.78) price target on shares of The Sage Group in a report on Monday. Finally, Jefferies Financial Group reiterated a buy rating and set a GBX 1,400 ($17.71) price target on shares of The Sage Group in a report on Thursday, June 27th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, The Sage Group presently has an average rating of Moderate Buy and a consensus price target of GBX 1,127.50 ($14.26).
Get Our Latest Analysis on SGE
The Sage Group Stock Up 0.6 %
The Sage Group Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, May 30th were paid a GBX 6.95 ($0.09) dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a dividend yield of 0.58%. The Sage Group’s payout ratio is 7,692.31%.
Insider Activity at The Sage Group
In other news, insider Annette Court bought 950 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was acquired at an average cost of GBX 1,065 ($13.47) per share, for a total transaction of £10,117.50 ($12,797.24). 0.67% of the stock is currently owned by corporate insiders.
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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