Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 672 shares were traded during mid-day trading, a decline of 24% from the previous session's volume of 884 shares.The stock last traded at $102.37 and had previously closed at $98.02.
Formula Systems (1985) Trading Down 0.9%
The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The firm has a fifty day simple moving average of $92.23 and a two-hundred day simple moving average of $91.49. The firm has a market capitalization of $1.65 billion, a P/E ratio of 22.31 and a beta of 0.88.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The company had revenue of $754.68 million during the quarter.
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 paid a $0.9728 dividend. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, July 7th. This represents a dividend yield of 1%. Formula Systems (1985)'s dividend payout ratio (DPR) is presently 11.88%.
Institutional Investors Weigh In On Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,385 shares of the technology company's stock after buying 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.
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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