Formula Systems (1985) Ltd. (NASDAQ:FORTY) Short Interest Up 75.0% in September

Key Points

• Short interest in Formula Systems (1985) Ltd. increased by 75.0% in September, totaling 700 shares as of September 30th, indicating rising bearish sentiment.
• The company's stock price decreased by 1.1% to $141.97, with a market cap of $2.18 billion and a P/E ratio of 28.56.
• Formula Systems announced a quarterly dividend of $0.505 per share, set to be paid on November 7th, representing an annualized yield of 1.4%.

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 700 shares, an increase of 75.0% from the September 15th total of 400 shares. Based on an average daily volume of 500 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 500 shares, the short-interest ratio is presently 1.4 days.

Formula Systems (1985) Stock Down 1.1%

NASDAQ FORTY traded down $1.53 during trading on Tuesday, reaching $141.97. 543 shares of the company's stock traded hands, compared to its average volume of 460. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.21 and a quick ratio of 1.17. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 28.56 and a beta of 0.90. The company's 50 day simple moving average is $135.38 and its two-hundred day simple moving average is $117.17. Formula Systems has a 12-month low of $77.50 and a 12-month high of $151.31.

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 19th. The technology company reported $0.95 earnings per share for the quarter. The firm had revenue of $743.37 million during the quarter. Formula Systems (1985) had a net margin of 2.70% and a return on equity of 5.58%.

Formula Systems (1985) Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Tuesday, October 14th will be paid a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, October 14th. Formula Systems (1985)'s dividend payout ratio is 28.77%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Formula Systems (1985) in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Hedge Funds Weigh In On Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Raymond James Financial Inc. acquired a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 568 shares of the technology company's stock, valued at approximately $73,000. 34.76% of the stock is owned by institutional investors and hedge funds.

Formula Systems (1985) Company Profile

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration worldwide. The company offers computer and telecommunication infrastructure solutions; and sells and markets computers and peripheral equipment, and cloud based solutions and services relating to databases and big data.

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