The Sage Group plc (LON:SGE) insider Jonathan Howell bought 44,000 shares of The Sage Group stock in a transaction dated Wednesday, December 5th. The stock was acquired at an average cost of GBX 591 ($7.72) per share, with a total value of £260,040 ($339,788.32).

Shares of LON SGE opened at GBX 580 ($7.58) on Friday. The Sage Group plc has a 1-year low of GBX 613 ($8.01) and a 1-year high of GBX 825.20 ($10.78).

The company also recently disclosed a dividend, which will be paid on Friday, March 1st. Shareholders of record on Thursday, February 7th will be issued a dividend of GBX 10.85 ($0.14) per share. This represents a yield of 1.98%. This is a positive change from The Sage Group’s previous dividend of $5.65. The ex-dividend date of this dividend is Thursday, February 7th.

Several equities analysts have recently issued reports on SGE shares. Deutsche Bank lowered The Sage Group to a “sell” rating and reduced their target price for the company from GBX 630 ($8.23) to GBX 540 ($7.06) in a report on Monday, August 20th. Citigroup reaffirmed a “buy” rating and issued a GBX 680 ($8.89) target price on shares of The Sage Group in a report on Monday, September 3rd. Morgan Stanley reduced their target price on The Sage Group from GBX 610 ($7.97) to GBX 570 ($7.45) and set an “underweight” rating for the company in a report on Wednesday, September 12th. UBS Group reaffirmed a “neutral” rating and issued a GBX 700 ($9.15) target price on shares of The Sage Group in a report on Tuesday, September 25th. Finally, Barclays lowered The Sage Group to an “underweight” rating and reduced their price objective for the company from GBX 675 ($8.82) to GBX 495 ($6.47) in a report on Tuesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 629.17 ($8.22).

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The Sage Group Company Profile

The Sage Group plc provides business management software and services for small and medium sized companies. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments. The company serves business owners, bookkeepers, and finance directors.

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