SPX Gestao de Recursos Ltda Invests $641,000 in Sage Group PLC $SGPYY

SPX Gestao de Recursos Ltda bought a new position in Sage Group PLC (OTCMKTS:SGPYYFree Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 79,788 shares of the technology company’s stock, valued at approximately $641,000.

Analyst Ratings Changes

SGPYY has been the subject of several research analyst reports. Citigroup restated a “buy” rating on shares of Sage Group in a report on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating on shares of Sage Group in a research report on Friday, August 21st. Jefferies Financial Group reissued a “buy” rating on shares of Sage Group in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Sage Group in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

View Our Latest Research Report on Sage Group

Sage Group Stock Performance

Shares of SGPYY stock opened at $59.12 on Friday. Sage Group PLC has a 1 year low of $41.80 and a 1 year high of $63.09. The stock’s 50 day simple moving average is $50.22 and its two-hundred day simple moving average is $47.50.

About Sage Group

(Free Report)

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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