Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 4,051 shares were traded 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 Upgrades and Downgrades
Separately, Wall Street Zen cut Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st.
View Our Latest Stock Report on Formula Systems (1985)
Formula Systems (1985) Price Performance
The firm has a market cap of $1.99 billion, a P/E ratio of 24.89 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. The company has a fifty day moving average of $116.08 and a 200-day moving average of $99.79.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 EPS for the quarter. The firm had revenue of $754.68 million for the quarter. Formula Systems (1985) had a return on equity of 6.00% and a net margin of 2.91%.
Formula Systems (1985) Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, July 7th will be given a dividend of $0.9728 per share. The ex-dividend date of this dividend is Monday, July 7th. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a dividend yield of 1%. Formula Systems (1985)'s dividend payout ratio is 12.07%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted its position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to its most recent disclosure 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 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 34.76% of the company's stock.
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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