Short-term stake in The Sage Group plc (OTCMKTS:SGPYY) decreases by 32.7%

0

Sage Group plc (OTCMKTS:SGPYY – Get Rating) was the target of a sharp decline in short-term interest in May. As of May 15, there was short interest totaling 3,700 shares, down 32.7% from April 30’s total of 5,500 shares. Based on an average daily trading volume of 78,100 shares, the day-to-cover ratio is currently 0.0 day.

A number of brokerages have recently commented on SGPYY. UBS Group lowered its price target on The Sage Group from GBX 835 ($10.51) to GBX 720 ($9.06) in a report on Thursday. Barclays raised its price target on The Sage Group from GBX 720 ($9.06) to GBX 730 ($9.19) in a Wednesday, April 13 report. Morgan Stanley lowered its price target on The Sage Group from GBX 970 ($12.21) to GBX 880 ($11.07) in a Tuesday, March 1 report. Credit Suisse Group lowered its price target on The Sage Group from GBX 838 ($10.54) to GBX 733 ($9.22) in a report on Friday. Finally, JPMorgan Chase & Co. cut its price target on The Sage Group from 735 GBX ($9.25) to 700 GBX ($8.81) in a Monday, May 16 research report. Three equity research analysts gave the stock a sell rating, five gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $661.63.

OTCMKTS: SGPYY traded at $0.49 during Friday’s midday session, hitting $33.97. 15,421 shares of the company were traded, against an average volume of 32,238. The company has a fifty-day moving average of $35.99 and a 200-day moving average of $39.24. The Sage Group has a 12-month low of $31.88 and a 12-month high of $47.89. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt ratio of 0.67.

The company also recently announced a dividend, which will be paid on Friday, July 1. Investors of record on Friday, May 27 will receive a dividend of $0.2625 per share. This represents a return of 2.54%. The ex-dividend date is Thursday, May 26.

About Sage Group (Get a rating)

The Sage Group plc, together with its subsidiaries, provides technology solutions and services to small and medium-sized businesses in North America, Northern Europe and internationally. It offers cloud-native solutions, such as Sage Intacct, cloud accounting software and financial management solutions; Sage People, a cloud-based human resources and people management solution; Sage Accounting, a solution for small businesses, bookkeepers and bookkeepers to remotely manage customer data, accounts and people; Sage Payroll, a cloud-based payroll solution; and Sage HR, a human resource management solution.

See also

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in The Sage Group right now?

Before you consider The Sage Group, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and The Sage Group didn’t make the list.

While The Sage Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.