Insider Selling: The Sage Group plc (LON:SGE) Insider Sells 27,844 Shares of Stock

The Sage Group plc (LON:SGE) insider Jonathan Howell sold 27,844 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.72), for a total value of £364,756.40 ($465,428.61).

Jonathan Howell also recently made the following trade(s):

• On Thursday, November 21st, Jonathan Howell sold 70,000 shares of The Sage Group stock. The shares were sold at an average price of GBX 1,270 ($16.21), for a total value of £889,000 ($1,134,362.64).

The Sage Group Stock Performance

LON:SGE opened at GBX 1,309 ($16.70) on Friday. The company has a debt-to-equity ratio of 115.72, a current ratio of 0.72 and a quick ratio of 0.58. The firm has a 50-day moving average of GBX 1,086.89 and a two-hundred day moving average of GBX 1,060.45. The stock has a market cap of £13.04 billion, a P/E ratio of 5,034.62, a PEG ratio of 1.22 and a beta of 0.53. The Sage Group plc has a 1-year low of GBX 954.20 ($12.18) and a 1-year high of GBX 1,321 ($16.86).

The Sage Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SGE. Deutsche Bank Aktiengesellschaft upped their price objective on The Sage Group from GBX 1,170 ($14.93) to GBX 1,350 ($17.23) and gave the stock a “hold” rating in a report on Friday, November 22nd. Citigroup upped their price objective on The Sage Group from £135 ($172.26) to £145 ($185.02) and gave the stock a “buy” rating in a report on Friday, November 22nd. Shore Capital restated a “hold” rating on shares of The Sage Group in a report on Wednesday. Finally, Canaccord Genuity Group upped their price objective on The Sage Group from GBX 970 ($12.38) to GBX 1,090 ($13.91) and gave the stock a “sell” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, The Sage Group has an average rating of “Hold” and a consensus target price of GBX 3,918 ($49.99).

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.