Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw an uptick in trading volume on Thursday . 656 shares were traded during trading, an increase of 34% from the previous session's volume of 488 shares.The stock last traded at $131.68 and had previously closed at $135.01.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st.
View Our Latest Analysis on FORTY
Formula Systems (1985) Trading Up 0.3%
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 cap of $2.08 billion, a price-to-earnings ratio of 27.25 and a beta of 0.94. The business has a 50 day moving average price of $127.54 and a 200-day moving average price of $110.58.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its earnings results on Tuesday, August 19th. The technology company reported $0.95 EPS for the quarter. Formula Systems (1985) had a return on equity of 5.58% and a net margin of 2.70%.The company had revenue of $743.37 million for 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 given a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, October 14th. Formula Systems (1985)'s dividend payout ratio (DPR) is currently 28.77%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Elevation Point Wealth Partners LLC bought a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,740 shares of the technology company's stock, valued at approximately $222,000. Hedge funds and other institutional investors 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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