Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $129.80 and last traded at $127.75, with a volume of 1394 shares trading hands. The stock had previously closed at $113.00.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st.
Check Out Our Latest Analysis on FORTY
Formula Systems (1985) Price Performance
The stock has a market cap of $1.94 billion, a PE ratio of 24.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.26 and a quick ratio of 1.23. The firm's 50 day moving average price is $106.08 and its two-hundred day moving average price is $96.09.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%. The business had revenue of $754.68 million during the quarter.
Formula Systems (1985) Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be paid a dividend of $0.9728 per share. This represents a dividend yield of 1%. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, July 7th. Formula Systems (1985)'s payout ratio is presently 27.20%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,385 shares of the technology company's stock after buying an additional 450 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent reporting period. Institutional investors own 34.76% of the company's stock.
About Formula Systems (1985)
(
Get Free Report)
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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