SPX Gestao de Recursos Ltda Takes $641,000 Position in Sage Group PLC $SGPYY

SPX Gestao de Recursos Ltda bought a new position in Sage Group PLC (OTCMKTS:SGPYY) in the 2nd quarter, Holdings Channel reports. The firm bought 79,788 shares of the technology company’s stock, valued at approximately $641,000.

Analyst Ratings Changes

SGPYY has been the topic of several analyst reports. Citigroup reiterated a “buy” rating on shares of Sage Group in a report on Thursday, July 30th. Jefferies Financial Group restated a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sage Group in a research note on Thursday, July 30th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Sage Group in a research note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Sage Group Price Performance

Shares of SGPYY opened at $59.12 on Friday. The firm has a fifty day moving average price of $50.22 and a 200-day moving average price of $47.50. Sage Group PLC has a 12-month low of $41.80 and a 12-month high of $63.09.

About Sage Group

Sage Group plc is a global provider of business management software and services tailored primarily to small and medium-sized enterprises. The company delivers a suite of cloud-based and on-premises solutions designed to simplify accounting, payroll, human resources, enterprise resource planning (ERP) and payment processing. Through its flagship Sage Business Cloud platform, Sage enables customers to manage financials, operations and workforce activities via integrated applications and data analytics.

The company’s product portfolio includes accounting and invoicing tools, payroll management systems, payment solutions and HR management software.