Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 4,051 shares traded hands during mid-day trading, an increase of 318% from the previous session's volume of 969 shares.The stock last traded at $128.69 and had previously closed at $127.69.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st.
Read Our Latest Stock Analysis on Formula Systems (1985)
Formula Systems (1985) Trading Up 0.7%
The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The business's fifty day simple moving average is $116.65 and its two-hundred day simple moving average is $100.19. The stock has a market capitalization of $1.99 billion, a P/E ratio of 24.89 and a beta of 0.97.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued 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 net margin of 2.91% and a return on equity of 6.00%. The firm had revenue of $754.68 million during the quarter.
Formula Systems (1985) Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 7th will be issued a $0.9728 dividend. The ex-dividend date is Monday, July 7th. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio is 12.64%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd increased its position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,385 shares of the technology company's stock after purchasing an additional 450 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent quarter. 34.76% of the stock is currently owned by institutional investors.
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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