Zacks Investment Research downgraded shares of Sage Group (OTCMKTS:SGPYY) from a buy rating to a hold rating in a report published on Wednesday morning.
According to Zacks, “The Sage Group plc supplies business management software, services and support to small and medium sized businesses. The Company’s products includes accounting, payroll, customer relationship management, financial forecasting, payment processing, job costing, human resources, business intelligence, taxation and other products for accountants, business stationery, development platforms, e-business and enterprise resource planning. Sage Group’s products find its application in the healthcare, human resource and payroll, construction/real estate, transport/distribution, payment processing, accountancy, manufacturing, retail, and automotive distribution industries. The products offered by the Company are majorly developed and supported locally. The Sage Group plc is headquartered in Newcastle upon Tyne, the United Kingdom. “
Several other brokerages also recently weighed in on SGPYY. Raymond James Financial restated a buy rating on shares of Sage Group in a report on Thursday, December 7th. Bryan, Garnier & Co upgraded Sage Group from a neutral rating to a buy rating in a report on Sunday, September 24th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $50.00.
The firm also recently disclosed a None dividend, which will be paid on Monday, March 19th. Investors of record on Friday, February 9th will be given a dividend of $0.495 per share. The ex-dividend date is Thursday, February 8th.
About Sage Group
The Sage Group plc engages in the development and distribution of business management software and related products and services for small and medium sized businesses. It offers software and services for accounting and payroll, enterprise resource planning, customer relationship management, and payments.
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