Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) issued its quarterly earnings data on Tuesday. The technology company reported $0.95 earnings per share for the quarter, Zacks reports. The business had revenue of $743.37 million during the quarter. Formula Systems (1985) had a net margin of 2.70% and a return on equity of 5.58%.
Formula Systems (1985) Stock Performance
Shares of NASDAQ:FORTY traded down $0.2450 during trading on Friday, reaching $128.7550. The company had a trading volume of 516 shares, compared to its average volume of 509. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 25.91 and a beta of 0.93. The stock's fifty day moving average price is $122.15 and its 200 day moving average price is $104.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.21 and a quick ratio of 1.23. Formula Systems has a fifty-two week low of $70.52 and a fifty-two week high of $134.96.
Institutional Trading of Formula Systems (1985)
An institutional investor recently bought a new position in Formula Systems (1985) stock. Raymond James Financial Inc. acquired a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 568 shares of the technology company's stock, valued at approximately $73,000. 34.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
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 Research Report on Formula Systems (1985)
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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