Formula Systems (1985) (NASDAQ:FORTY) Sees Strong Trading Volume - What's Next?

Key Points

• Formula Systems (1985) Ltd. saw a trading volume decline of 14%, with 443 shares traded, but the stock price increased to $132.18.
• Analyst ratings have changed, with Wall Street Zen lowering the stock's rating from "strong-buy" to "buy" as of June 21st.
• The company announced a quarterly dividend of $0.505 per share, with an annualized yield of 1.5%, scheduled for payment on November 7th.

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw an uptick in trading volume on Wednesday . 443 shares traded hands during mid-day trading, a decline of 14% from the previous session's volume of 513 shares.The stock last traded at $132.18 and had previously closed at $131.23.

Analyst Ratings Changes

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.

Formula Systems (1985) Price Performance

The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 26.60 and a beta of 0.94. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.21 and a quick ratio of 1.17. The stock has a 50-day moving average price of $128.22 and a 200 day moving average price of $111.81.

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The technology company reported $0.95 earnings per share for the quarter. The company had revenue of $743.37 million during the quarter. Formula Systems (1985) had a return on equity of 5.58% and a net margin of 2.70%.

Formula Systems (1985) Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Tuesday, October 14th will be paid a $0.505 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $2.02 dividend on an annualized basis and a yield of 1.5%. Formula Systems (1985)'s payout ratio is currently 28.77%.

Hedge Funds Weigh In On Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Raymond James Financial Inc. acquired a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 568 shares of the technology company's stock, valued at approximately $73,000. 34.76% of the stock is currently owned by institutional investors and hedge funds.

About Formula Systems (1985)

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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