Canaccord Genuity Group reiterated their buy rating on shares of The Sage Group (LON:SGE – Free Report) in a research note published on Monday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a GBX 615 ($7.78) target price on the stock.
Several other equities research analysts have also recently weighed in on the company. Shore Capital reaffirmed a hold rating on shares of The Sage Group in a research note on Thursday, May 16th. Jefferies Financial Group reissued a buy rating and issued a GBX 1,400 ($17.71) target price on shares of The Sage Group in a report on Thursday, June 27th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of GBX 1,127.50 ($14.26).
View Our Latest Research Report on SGE
The Sage Group Stock Down 0.3 %
The Sage Group Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, May 30th were given a GBX 6.95 ($0.09) dividend. The ex-dividend date was Thursday, May 30th. This represents a yield of 0.58%. The Sage Group’s payout ratio is presently 7,692.31%.
Insider Transactions at The Sage Group
In related news, insider Annette Court acquired 950 shares of the stock in a transaction dated Tuesday, June 18th. The shares were purchased at an average cost of GBX 1,065 ($13.47) per share, with a total value of £10,117.50 ($12,797.24). 0.67% of the stock is currently owned by company insiders.
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.
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