Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw an uptick in trading volume on Tuesday . 1,394 shares were traded during trading, an increase of 51% from the previous session's volume of 922 shares.The stock last traded at $130.24 and had previously closed at $113.00.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen lowered Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st.
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Formula Systems (1985) Price Performance
The business's fifty day moving average price is $105.36 and its 200 day moving average price is $95.87. 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 stock has a market cap of $1.94 billion, a P/E ratio of 24.19 and a beta of 0.97.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. The business had revenue of $754.68 million during the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%.
Formula Systems (1985) Increases Dividend
The company also recently declared 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 boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, July 7th. 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 lifted its holdings in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,385 shares of the technology company's stock after purchasing an additional 450 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent filing with the SEC. 34.76% of the stock is currently owned by institutional investors.
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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