Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) announced its earnings results on Tuesday. The technology company reported $0.95 earnings per share (EPS) for the quarter, Zacks reports. Formula Systems (1985) had a net margin of 2.70% and a return on equity of 5.58%. The business had revenue of $743.37 million for the quarter.
Formula Systems (1985) Price Performance
FORTY traded down $0.2450 on Friday, reaching $128.7550. 516 shares of the company's stock were exchanged, compared to its average volume of 509. The stock has a market cap of $1.97 billion, a PE ratio of 25.91 and a beta of 0.93. Formula Systems has a twelve month low of $70.52 and a twelve month high of $134.96. The stock's fifty day moving average price is $122.15 and its 200-day moving average price is $104.42. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.21 and a quick ratio of 1.23.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st.
Read Our Latest Stock Report on FORTY
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Raymond James Financial Inc. purchased a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 568 shares of the technology company's stock, valued at approximately $73,000. 34.76% of the stock is owned by hedge funds and other institutional investors.
About Formula Systems (1985)
(
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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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