The Sage Group plc to Issue Dividend of $0.26 (OTCMKTS:SGPYY)

The Sage Group plc (OTCMKTS:SGPYYGet Rating) declared a dividend on Saturday, May 21st, investing.com reports. Stockholders of record on Friday, May 27th will be given a dividend of 0.2625 per share by the technology company on Friday, July 1st. This represents a dividend yield of 2.54%. The ex-dividend date is Thursday, May 26th.

The Sage Group stock opened at $33.20 on Friday. The business has a 50 day moving average of $36.28 and a 200-day moving average of $39.48. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.67. The Sage Group has a 1 year low of $31.88 and a 1 year high of $47.89.

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their target price on shares of The Sage Group from GBX 570 ($7.03) to GBX 590 ($7.27) and gave the company a “sell” rating in a research report on Friday, January 28th. JPMorgan Chase & Co. reduced their price objective on shares of The Sage Group from GBX 735 ($9.06) to GBX 700 ($8.63) in a research report on Monday, May 16th. Jefferies Financial Group reduced their price objective on shares of The Sage Group from GBX 900 ($11.09) to GBX 890 ($10.97) in a research report on Wednesday, January 26th. Redburn Partners raised shares of The Sage Group from a “neutral” rating to a “buy” rating in a research report on Monday, January 24th. Finally, Zacks Investment Research raised shares of The Sage Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, The Sage Group presently has an average rating of “Hold” and an average price target of $640.00.

About The Sage Group (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.

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Dividend History for The Sage Group (OTCMKTS:SGPYY)

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