Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw strong trading volume on Tuesday . 927 shares were traded during mid-day trading, an increase of 2% from the previous session's volume of 910 shares.The stock last traded at $88.43 and had previously closed at $86.70.
Formula Systems (1985) Price Performance
The firm has a market cap of $1.38 billion, a P/E ratio of 18.69 and a beta of 1.02. The stock's 50-day moving average is $91.01 and its 200-day moving average is $88.90. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The business had revenue of $691.50 million during the quarter.
Formula Systems (1985) Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be issued a $0.6855 dividend. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.63. The ex-dividend date is Wednesday, April 30th. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio is 26.92%.
Institutional Trading of Formula Systems (1985)
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC purchased a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is currently owned by hedge funds and other institutional investors.
Formula Systems (1985) Company Profile
(
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.
Read More
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
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
