Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 742 shares traded hands during mid-day trading, an increase of 55% from the previous session's volume of 479 shares.The stock last traded at $143.50 and had previously closed at $149.57.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on FORTY shares. 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. Weiss Ratings reissued a "hold (c-)" rating on shares of Formula Systems (1985) in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Formula Systems (1985) presently has a consensus rating of "Hold".
View Our Latest Report on FORTY
Formula Systems (1985) Stock Down 4.1%
The company's 50 day moving average price is $133.24 and its 200 day moving average price is $115.56. The company has a quick ratio of 1.17, a current ratio of 1.21 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 28.87 and a beta of 0.90.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The technology company reported $0.95 EPS for the quarter. 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 during the quarter.
Formula Systems (1985) Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Tuesday, October 14th will be issued a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 14th. Formula Systems (1985)'s dividend payout ratio (DPR) is 28.77%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Raymond James Financial Inc. bought a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 568 shares of the technology company's stock, valued at approximately $73,000. 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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