Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $113.30 and last traded at $112.00, with a volume of 627 shares changing hands. The stock had previously closed at $111.30.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st.
View Our Latest Stock Analysis on Formula Systems (1985)
Formula Systems (1985) Trading Up 8.4%
The company's fifty day simple moving average is $102.16 and its two-hundred day simple moving average is $94.97. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 23.47 and a beta of 0.93.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 EPS 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 for the quarter.
Formula Systems (1985) Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be given a $0.9728 dividend. The ex-dividend date is Monday, July 7th. This represents a yield of 1%. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. Formula Systems (1985)'s dividend payout ratio (DPR) is 27.20%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,385 shares of the technology company's stock after acquiring 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 quarter. 34.76% of the stock is owned by hedge funds and other institutional investors.
Formula Systems (1985) Company Profile
(
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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