Insider Selling: The Sage Group plc (LON:SGE) Insider Sells 88,880 Shares of Stock

The Sage Group plc (LON:SGE) insider Steve Hare sold 88,880 shares of the business’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of GBX 759 ($10.49), for a total value of £674,599.20 ($932,024.32).

Shares of The Sage Group plc (LON SGE) traded up GBX 22.18 ($0.31) during trading on Monday, reaching GBX 694.38 ($9.59). The company had a trading volume of 3,800,000 shares, compared to its average volume of 3,150,000. The Sage Group plc has a twelve month low of GBX 613 ($8.47) and a twelve month high of GBX 825.20 ($11.40). The company has a market cap of $7,510.00 and a price-to-earnings ratio of 2,893.25.

The company also recently announced a dividend, which will be paid on Friday, March 2nd. Investors of record on Thursday, February 8th will be given a GBX 10.20 ($0.14) dividend. This represents a yield of 1.27%. This is a positive change from The Sage Group’s previous dividend of $5.22. The ex-dividend date is Thursday, February 8th.

SGE has been the topic of a number of recent analyst reports. Numis Securities boosted their price objective on The Sage Group from GBX 813 ($11.23) to GBX 861 ($11.90) and gave the company an “add” rating in a research note on Thursday, November 23rd. Shore Capital reissued a “buy” rating on shares of The Sage Group in a research note on Wednesday, January 24th. Bryan, Garnier & Co boosted their price objective on The Sage Group from GBX 830 ($11.47) to GBX 860 ($11.88) and gave the company a “buy” rating in a research note on Thursday, November 23rd. Jefferies Group boosted their price objective on The Sage Group from GBX 770 ($10.64) to GBX 880 ($12.16) and gave the company a “buy” rating in a research note on Monday, November 20th. Finally, Goldman Sachs Group reissued a “buy” rating and issued a GBX 850 ($11.74) price objective on shares of The Sage Group in a research note on Thursday, November 16th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 783.09 ($10.82).

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About The Sage Group

The Sage Group plc is a United Kingdom-based company, which provides integrated accounting, payroll and payments solutions. The Company also provides the option of solutions hosted locally and accessed on-premise. The Company’s segments include Europe, which consists of France, the United Kingdom and the Ireland, Spain, Germany, Switzerland, Poland, Portugal and Sagepay; North America, which consists of the United States and Canada, and International, which consists of Brazil, Africa, Australia, the Middle East and Asia.

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