Sage Group PLC (OTCMKTS:SGPYY) Given Consensus Rating of “Moderate Buy” by Brokerages

Sage Group PLC (OTCMKTS:SGPYY) has received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.

Several research firms recently weighed in on SGPYY. Morgan Stanley restated an “overweight” rating on shares of Sage Group in a report on Friday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Citigroup restated a “buy” rating on shares of Sage Group in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th.

Sage Group Price Performance

SGPYY stock traded up $0.86 during mid-day trading on Monday, reaching $59.98. 1,009 shares of the company traded hands, compared to its average volume of 66,478. Sage Group has a fifty-two week low of $41.80 and a fifty-two week high of $63.09. The firm’s 50 day moving average price is $48.63 and its 200 day moving average price is $47.05.

Institutional Trading of Sage Group

An institutional investor recently bought a new position in Sage Group stock. SPX Gestao de Recursos Ltda bought a new position in shares of Sage Group PLC (OTCMKTS:SGPYY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 79,788 shares of the technology company’s stock, valued at approximately $641,000. 0.65% of the stock is owned by hedge funds and other institutional investors.

Sage Group Company Profile

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.