Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 3,159 shares changed hands during mid-day trading, an increase of 232% from the previous session's volume of 952 shares.The stock last traded at $127.72 and had previously closed at $123.63.
Wall Street Analyst Weigh In
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.
Check Out Our Latest Stock Report on Formula Systems (1985)
Formula Systems (1985) Trading Up 2.7%
The stock's 50 day moving average is $111.89 and its 200-day moving average is $97.86. The company has a market capitalization of $1.95 billion, a P/E ratio of 24.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.26 and a quick ratio of 1.23.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%. The company had revenue of $754.68 million for the quarter.
Formula Systems (1985) Increases Dividend
The business also recently disclosed 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 represents a dividend yield of 1%. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend is Monday, July 7th. Formula Systems (1985)'s dividend payout ratio is 11.88%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. 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 quarter. Institutional investors and hedge funds own 34.76% of the company's stock.
Formula Systems (1985) Company Profile
(
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.
See Also
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