The Sage Group (OTCMKTS:SGPYY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of The Sage Group (OTCMKTS:SGPYYGet Rating) from a sell rating to a hold rating in a research note issued to investors on Wednesday, Zacks.com reports.

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 have also recently commented on the company. Barclays lifted their price target on The Sage Group from GBX 720 ($8.88) to GBX 730 ($9.00) in a report on Wednesday, April 13th. JPMorgan Chase & Co. reduced their price target on The Sage Group from GBX 735 ($9.06) to GBX 700 ($8.63) in a report on Monday, May 16th. Deutsche Bank Aktiengesellschaft lifted their price target on The Sage Group from GBX 570 ($7.03) to GBX 590 ($7.27) and gave the stock a sell rating in a report on Friday, January 28th. Redburn Partners upgraded The Sage Group from a neutral rating to a buy rating in a report on Monday, January 24th. Finally, Jefferies Financial Group reduced their price target on The Sage Group from GBX 900 ($11.09) to GBX 890 ($10.97) in a report on Wednesday, January 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, The Sage Group presently has an average rating of Hold and a consensus price target of $640.00.

The Sage Group stock opened at $33.20 on Wednesday. The Sage Group has a 52 week low of $31.88 and a 52 week high of $47.89. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.67. The stock has a 50-day simple moving average of $36.28 and a 200 day simple moving average of $39.48.

The company also recently disclosed a dividend, which will be paid on Friday, July 1st. Stockholders of record on Friday, May 27th will be issued a dividend of $0.2625 per share. This represents a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, May 26th.

The Sage Group Company Profile (Get Rating)

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software products and financial management solutions; 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 cloud-based payroll solution; and Sage HR, a HR management solution.

Further Reading

Get a free copy of the Zacks research report on The Sage Group (SGPYY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for The Sage Group (OTCMKTS:SGPYY)

Receive News & Ratings for The Sage Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Sage Group and related companies with MarketBeat.com's FREE daily email newsletter.