Insider Selling: The Sage Group plc (LON:SGE) Insider Sells £889,000 in Stock

The Sage Group plc (LON:SGE) insider Jonathan Howell sold 70,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of GBX 1,270 ($15.99), for a total transaction of £889,000 ($1,119,506.36).

The Sage Group Stock Performance

Shares of SGE opened at GBX 1,277.63 ($16.09) on Monday. The Sage Group plc has a twelve month low of GBX 954.20 ($12.02) and a twelve month high of GBX 1,320 ($16.62). The company has a debt-to-equity ratio of 115.72, a quick ratio of 0.58 and a current ratio of 0.72. The firm’s 50 day moving average price is GBX 1,035.08 and its two-hundred day moving average price is GBX 1,052.24. The firm has a market cap of £12.73 billion, a P/E ratio of 4,946.15, a PEG ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 11th. Stockholders of record on Thursday, January 9th will be given a dividend of GBX 13.50 ($0.17) per share. This is a boost from The Sage Group’s previous dividend of $6.95. This represents a dividend yield of 1.25%. The ex-dividend date is Thursday, January 9th. The Sage Group’s dividend payout ratio is currently 7,692.31%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of The Sage Group from GBX 970 ($12.22) to GBX 1,090 ($13.73) and gave the company a “sell” rating in a report on Friday. JPMorgan Chase & Co. reduced their price target on The Sage Group from GBX 1,300 ($16.37) to GBX 1,250 ($15.74) and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Citigroup upped their price objective on The Sage Group from £135 ($170.00) to £145 ($182.60) and gave the company a “buy” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on The Sage Group from GBX 1,170 ($14.73) to GBX 1,350 ($17.00) and gave the stock a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Sage Group currently has an average rating of “Hold” and an average target price of GBX 3,918 ($49.34).

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.