Canaccord Genuity Group reaffirmed their buy rating on shares of The Sage Group (LON:SGE – Free Report) in a research report sent to investors on Monday, Marketbeat Ratings reports. Canaccord Genuity Group currently has a GBX 615 ($7.78) price target on the stock.
Several other research analysts have also recently weighed in on SGE. Shore Capital reiterated a hold rating on shares of The Sage Group in a research note on Thursday, May 16th. 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 research note on Thursday, June 27th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, The Sage Group currently has a consensus rating of Moderate Buy and a consensus target price of GBX 1,127.50 ($14.26).
Read Our Latest Analysis on SGE
The Sage Group Trading Up 0.6 %
The Sage Group Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, May 30th were issued 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 dividend payout ratio (DPR) is presently 7,692.31%.
Insider Transactions at The Sage Group
In other The Sage Group news, insider Annette Court bought 950 shares of The Sage Group stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average cost of GBX 1,065 ($13.47) per share, for a total transaction of £10,117.50 ($12,797.24). Insiders own 0.67% of the company’s stock.
The Sage Group Company Profile
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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