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. The stock had previously closed at $127.75.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st.
View Our Latest Analysis on FORTY
Formula Systems (1985) Trading Down 3.4%
The stock has a market capitalization of $2.00 billion, a P/E ratio of 24.97 and a beta of 0.97. The stock has a 50-day moving average price of $110.36 and a two-hundred day moving average price of $97.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.26.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share for the quarter. The firm had revenue of $754.68 million for the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%.
Formula Systems (1985) Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be given a dividend of $0.9728 per share. 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. This represents a dividend yield of 1%. Formula Systems (1985)'s payout ratio is currently 12.07%.
Institutional Investors Weigh In On Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd increased its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period. 34.76% of the stock is owned by institutional investors and hedge funds.
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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