Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw strong trading volume on Monday . 772 shares were traded during trading, a decline of 17% from the previous session's volume of 927 shares.The stock last traded at $132.15 and had previously closed at $127.75.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st.
Read Our Latest Analysis on FORTY
Formula Systems (1985) Stock Performance
The company has a market cap of $2.03 billion, a P/E ratio of 25.32 and a beta of 0.97. The firm has a 50 day moving average price of $106.08 and a 200-day moving average price of $96.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.26.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its 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 6.00% and a net margin of 2.91%. The firm 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. Investors of record on Monday, July 7th will be paid a dividend of $0.9728 per share. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend is Monday, July 7th. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio is presently 27.20%.
Institutional Trading of Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its position in 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 and Exchange Commission. The firm owned 6,385 shares of the technology company's stock after acquiring 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 SEC filing. 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Formula Systems (1985), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Formula Systems (1985) wasn't on the list.
While Formula Systems (1985) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
