Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 27,466 shares, a drop of 63.6% from the April 15th total of 75,541 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 66,155 shares, the short-interest ratio is presently 0.4 days.
Wall Street Analysts Forecast Growth
SGPYY has been the topic of several recent research reports. Canaccord Genuity Group upgraded Sage Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Zacks Research lowered Sage Group from a “strong-buy” rating to a “hold” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Sage Group has a consensus rating of “Buy”.
Read Our Latest Analysis on SGPYY
Sage Group Price Performance
About Sage Group
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.
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