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


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, 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.

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