Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw strong trading volume on Monday . 772 shares were traded during mid-day 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.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st.
View Our Latest Report on FORTY
Formula Systems (1985) Price Performance
The company has a 50-day moving average price of $109.51 and a two-hundred day moving average price of $97.10. 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 market cap of $2.03 billion, a PE ratio of 25.33 and a beta of 0.97.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 earnings per share (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 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 given a $0.9728 dividend. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a yield of 1%. The ex-dividend date is Monday, July 7th. Formula Systems (1985)'s dividend payout ratio (DPR) is currently 12.07%.
Institutional Trading of Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund 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 SEC. 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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