The Sage Group (LON:SGE – Free Report) had its price target cut by JPMorgan Chase & Co. from GBX 1,300 ($16.72) to GBX 1,250 ($16.08) in a research report released on Wednesday morning, Marketbeat reports. They currently have an overweight rating on the stock.
A number of other analysts have also recently weighed in on the stock. Shore Capital reaffirmed a hold rating on shares of The Sage Group in a research report on Thursday, May 16th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 1,400 ($18.01) price target on shares of The Sage Group in a research report on Thursday, June 27th. Finally, Canaccord Genuity Group reaffirmed a buy rating and set a GBX 615 ($7.91) price target on shares of The Sage Group in a research report on Monday, July 1st. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of GBX 1,173 ($15.09).
Check Out Our Latest Stock Report on The Sage Group
The Sage Group Stock Down 2.7 %
The Sage Group Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, June 28th. Shareholders 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 yield of 0.58%. The Sage Group’s dividend payout ratio is currently 7,692.31%.
Insiders Place Their Bets
In other news, insider Annette Court acquired 950 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were purchased at an average price of GBX 1,065 ($13.70) per share, for a total transaction of £10,117.50 ($13,014.54). 0.67% of the stock is currently owned by company insiders.
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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