The Sage Group plc (LON:SGE) Insider Jonathan Howell Sells 27,844 Shares

The Sage Group plc (LON:SGE) insider Jonathan Howell sold 27,844 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of GBX 1,310 ($16.70), for a total transaction of £364,756.40 ($464,894.72).

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 ($16.19), for a total value of £889,000 ($1,133,061.43).

The Sage Group Stock Up 0.5 %

Shares of SGE stock opened at GBX 1,316 ($16.77) on Friday. The Sage Group plc has a 1 year low of GBX 954.20 ($12.16) and a 1 year high of GBX 1,321 ($16.84). 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 business’s fifty day moving average is GBX 1,092.70 and its 200-day moving average is GBX 1,060.32. The stock has a market cap of £13.11 billion, a PE ratio of 5,061.54, a price-to-earnings-growth ratio of 1.22 and a beta of 0.53.

The Sage Group Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on SGE. Citigroup raised their target price on The Sage Group from £135 ($172.06) to £145 ($184.81) and gave the company a “buy” rating in a research report on Friday, November 22nd. Canaccord Genuity Group increased their price target on The Sage Group from GBX 970 ($12.36) to GBX 1,090 ($13.89) and gave the stock a “sell” rating in a research note on Friday, November 22nd. Shore Capital restated a “hold” rating on shares of The Sage Group in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of The Sage Group from GBX 1,170 ($14.91) to GBX 1,350 ($17.21) and gave the company a “hold” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,918 ($49.94).

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.