Sage Group PLC (OTCMKTS:SGPYY – Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 9,324 shares, a growth of 717.9% from the July 15th total of 1,140 shares. Based on an average trading volume of 66,945 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.
Wall Street Analysts Forecast Growth
SGPYY has been the topic of several recent research reports. Jefferies Financial Group restated a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. Morgan Stanley restated an “overweight” rating on shares of Sage Group in a research note on Friday, July 10th. Finally, Citigroup reiterated a “buy” rating on shares of Sage Group in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Analysis on Sage Group
Sage Group Stock Down 0.4%
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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