Canaccord Genuity Reaffirms Buy Rating for The Sage Group (OTCMKTS:SGPYY)

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Canaccord Genuity reiterated their buy rating on shares of The Sage Group (OTCMKTS:SGPYY) in a report published on Monday, The Fly reports.

A number of other equities research analysts have also issued reports on the stock. UBS Group restated a sell rating on shares of The Sage Group in a report on Tuesday, November 24th. Morgan Stanley upgraded shares of The Sage Group from an underweight rating to an equal weight rating in a report on Thursday, December 10th. Credit Suisse Group reaffirmed an underperform rating on shares of The Sage Group in a research report on Monday, November 23rd. Zacks Investment Research downgraded shares of The Sage Group from a buy rating to a hold rating in a research report on Wednesday, November 11th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating on shares of The Sage Group in a research report on Wednesday, November 25th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The Sage Group presently has a consensus rating of Hold and an average target price of $42.00.

SGPYY stock opened at $31.32 on Monday. The Sage Group has a 52-week low of $24.61 and a 52-week high of $41.69. The company’s 50 day simple moving average is $32.04 and its 200-day simple moving average is $35.76. The firm has a market capitalization of $8.78 billion, a P/E ratio of 22.53 and a beta of 1.01.

The firm also recently announced a Semi-Annual dividend, which will be paid on Friday, February 26th. Shareholders of record on Friday, January 15th will be given a $0.559 dividend. This is an increase from The Sage Group’s previous Semi-Annual dividend of $0.24. The ex-dividend date is Thursday, January 14th. The Sage Group’s payout ratio is currently 35.97%.

About The Sage Group

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, Central and Southern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud financial management platform; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a payroll and HR software; and CakeHR, a HR management solution that enables small businesses to manage workforces with tools comprises reporting, organization chart, pay slip, and absence request.

See Also: Return On Assets

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Analyst Recommendations for The Sage Group (OTCMKTS:SGPYY)

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