Sage Group (SGPYY) to Issue $0.26 Semi-Annual Dividend

Sage Group (OTCMKTS:SGPYY) declared a Semi-Annual dividend on Thursday, May 3rd, Zacks reports. Investors of record on Monday, May 14th will be given a dividend of 0.261 per share by the technology company on Monday, June 18th. The ex-dividend date is Friday, May 11th.

SGPYY traded down $0.04 on Thursday, hitting $35.73. 1,400 shares of the company were exchanged, compared to its average volume of 2,872. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.78. Sage Group has a fifty-two week low of $34.26 and a fifty-two week high of $47.12. The firm has a market capitalization of $9.69 billion, a P/E ratio of 23.35, a PEG ratio of 2.13 and a beta of 1.07.

Several research analysts have weighed in on SGPYY shares. Zacks Investment Research upgraded shares of Sage Group from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Saturday, April 7th. JPMorgan Chase lowered shares of Sage Group from an “overweight” rating to a “neutral” rating in a research report on Monday, April 16th. Finally, UBS upgraded shares of Sage Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Sage Group has an average rating of “Hold” and an average target price of $42.00.

About Sage Group

The Sage Group plc provides business management software and services for small and medium sized companies. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments. The company serves business owners, bookkeepers, and finance directors.

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