Field & Main Bank bought a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,960 shares of the technology company's stock, valued at approximately $3,072,000. Field & Main Bank owned 0.14% of Formula Systems (1985) as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in FORTY. Dimensional Fund Advisors LP grew its stake in Formula Systems (1985) by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,315 shares of the technology company's stock worth $391,000 after purchasing an additional 86 shares during the period. Raymond James Financial Inc. bought a new position in Formula Systems (1985) in the second quarter worth $73,000. Altshuler Shaham Ltd lifted its position in Formula Systems (1985) by 10.4% during the first quarter. Altshuler Shaham Ltd now owns 7,742 shares of the technology company's stock valued at $926,000 after buying an additional 727 shares during the period. Finally, Elevation Point Wealth Partners LLC purchased a new position in Formula Systems (1985) during the first quarter valued at $206,000. Hedge funds and other institutional investors own 34.76% of the company's stock.
Formula Systems (1985) Price Performance
FORTY stock opened at $125.72 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.66 and a current ratio of 1.48. The firm has a 50 day moving average price of $110.22 and a 200-day moving average price of $122.29. Formula Systems has a 52-week low of $102.01 and a 52-week high of $190.56. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 3.16 and a beta of 1.20.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The technology company reported $1.47 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 4.38% and a net margin of 21.57%.The company had revenue of $782.44 million for the quarter.
Formula Systems (1985) Dividend Announcement
The business also recently announced a special dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 22nd will be issued a $1.63 dividend. This represents a yield of 259.0%. The ex-dividend date of this dividend is Tuesday, September 22nd. Formula Systems (1985)'s payout ratio is 5.93%.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Formula Systems (1985) in a research report on Thursday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".
Check Out Our Latest Analysis on FORTY
Formula Systems (1985) Profile
(
Free Report)
Formula Systems (1985) Ltd is an Israeli publicly traded holding company specializing in the software and information technology sectors. Founded in 1985 and listed on NASDAQ under the ticker FORTY, the company focuses on acquiring, investing in and developing independent software firms. Its core mission is to foster innovation in enterprise software, cybersecurity and digital transformation solutions.
The company's principal activities center on holding controlling and significant equity stakes in several market-leading software enterprises.
See Also
Want to see what other hedge funds are holding FORTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Formula Systems (1985), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Formula Systems (1985) wasn't on the list.
While Formula Systems (1985) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
