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 trading hands. The stock had previously closed at $127.75.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st.
Read Our Latest Analysis on FORTY
Formula Systems (1985) Price Performance
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 stock has a market capitalization of $2.03 billion, a PE ratio of 25.33 and a beta of 0.97. The company has a 50-day moving average of $108.61 and a 200 day moving average of $96.83.
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. The company had revenue of $754.68 million for the quarter. Formula Systems (1985) had a return on equity of 6.00% and a net margin of 2.91%.
Formula Systems (1985) Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, July 7th will be given a dividend of $0.9728 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Monday, July 7th. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. Formula Systems (1985)'s dividend payout ratio (DPR) is 11.88%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,385 shares of the technology company's stock after purchasing an additional 450 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent reporting period. 34.76% of the stock is owned by institutional investors.
Formula Systems (1985) Company Profile
(
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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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