Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) hit a new 52-week high during trading on Friday following a dividend announcement from the company. The stock traded as high as $108.71 and last traded at $108.50, with a volume of 899 shares. The stock had previously closed at $97.50.
The newly announced dividend which will be paid on Friday, August 1st. Stockholders of record on Monday, July 7th will be issued a dividend of $0.9728 per share. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, July 7th. This represents a dividend yield of 1%. Formula Systems (1985)'s payout ratio is currently 11.88%.
Formula Systems (1985) Stock Performance
The stock has a market cap of $1.65 billion, a P/E ratio of 22.31 and a beta of 0.88. The company has a fifty day moving average price of $92.23 and a 200 day moving average price of $91.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 EPS for the quarter. The firm had revenue of $754.68 million during the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,385 shares of the technology company's stock after purchasing an additional 450 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent SEC filing. 34.76% of the stock is owned by institutional investors.
About Formula Systems (1985)
(
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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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