Sage Group PLC (OTCMKTS:SGPYY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Sage Group PLC (OTCMKTS:SGPYY) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company.

Several analysts have issued reports on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Sage Group in a research note on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sage Group in a report on Thursday, July 30th. Citigroup reiterated a “buy” rating on shares of Sage Group in a research report on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Sage Group in a research report on Wednesday, July 29th.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Sage Group stock. SPX Gestao de Recursos Ltda bought a new stake in Sage Group PLC (OTCMKTS:SGPYY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 79,788 shares of the technology company’s stock, valued at approximately $641,000. Hedge funds and other institutional investors own 0.65% of the company’s stock.

Sage Group Price Performance

Shares of SGPYY stock traded up $0.86 during trading hours on Monday, reaching $59.98. The stock had a trading volume of 1,009 shares, compared to its average volume of 66,478. The stock’s fifty day simple moving average is $48.63 and its 200 day simple moving average is $47.05. Sage Group has a 12 month low of $41.80 and a 12 month high of $63.09.

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.