Formula Systems (1985) (NASDAQ:FORTY) Issues Quarterly Earnings Results

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) issued its quarterly earnings results on Thursday. The technology company reported $1.23 earnings per share for the quarter, Zacks reports. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The company had revenue of $754.68 million for the quarter.

Formula Systems (1985) Stock Up 5.9%

Shares of NASDAQ:FORTY traded up $5.78 on Tuesday, hitting $103.80. 672 shares of the company's stock were exchanged, compared to its average volume of 884. The firm's 50-day moving average is $91.24 and its 200 day moving average is $90.96. The company has a market capitalization of $1.59 billion, a PE ratio of 21.53 and a beta of 0.88. Formula Systems has a 1-year low of $69.07 and a 1-year high of $107.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41.

Formula Systems (1985) Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.63. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Wednesday, April 30th. Formula Systems (1985)'s dividend payout ratio is currently 27.01%.

About Formula Systems (1985)

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.