Zacks Investment Research lowered shares of Sage Group (OTCMKTS:SGPYY) from a buy rating to a hold rating in a report issued on Wednesday morning.
According to Zacks, “The Sage Group plc supplies business management software, services and support to small and medium sized businesses. The Company’s products includes accounting, payroll, customer relationship management, financial forecasting, payment processing, job costing, human resources, business intelligence, taxation and other products for accountants, business stationery, development platforms, e-business and enterprise resource planning. Sage Group’s products find its application in the healthcare, human resource and payroll, construction/real estate, transport/distribution, payment processing, accountancy, manufacturing, retail, and automotive distribution industries. The products offered by the Company are majorly developed and supported locally. The Sage Group plc is headquartered in Newcastle upon Tyne, the United Kingdom. “
A number of other equities analysts also recently commented on the company. Raymond James Financial reiterated a buy rating on shares of Sage Group in a research note on Thursday, December 7th. Bryan, Garnier & Co upgraded Sage Group from a neutral rating to a buy rating in a research note on Sunday, September 24th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Sage Group presently has a consensus rating of Buy.
Sage Group (SGPYY) traded up $0.97 during trading hours on Wednesday, reaching $45.95. The company had a trading volume of 3,214 shares, compared to its average volume of 714. Sage Group has a fifty-two week low of $30.43 and a fifty-two week high of $44.70. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.69 and a quick ratio of 0.69.
The firm also recently announced a None dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, February 9th will be issued a $0.495 dividend. The ex-dividend date of this dividend is Thursday, February 8th.
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Sage Group Company Profile
The Sage Group plc engages in the development and distribution of business management software and related products and services for small and medium sized businesses. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments.
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