Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $134.96 and last traded at $129.74, with a volume of 772 shares changing hands. The stock had previously closed at $127.75.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st.
View Our Latest Stock Analysis on FORTY
Formula Systems (1985) Price Performance
The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 24.75 and a beta of 0.97. The company's 50 day simple moving average is $109.51 and its 200-day simple moving average is $97.10. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%. The company had revenue of $754.68 million for the quarter.
Formula Systems (1985) Increases Dividend
The business also recently disclosed a semi-annual 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 a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Monday, July 7th. Formula Systems (1985)'s dividend payout ratio is presently 12.07%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to its most recent disclosure with the SEC. 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 and hedge funds 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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