Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $144.94 and last traded at $139.99, with a volume of 481 shares traded. The stock had previously closed at $140.00.
Analyst Ratings Changes
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.
Get Our Latest Stock Analysis on Formula Systems (1985)
Formula Systems (1985) Stock Performance
The company has a quick ratio of 1.17, a current ratio of 1.21 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $126.29 and its 200-day simple moving average is $108.56. The company has a market capitalization of $2.10 billion, a PE ratio of 27.55 and a beta of 0.94.
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. Formula Systems (1985) had a net margin of 2.70% and a return on equity of 5.58%. The business had revenue of $743.37 million during the quarter.
Formula Systems (1985) Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Tuesday, October 14th will be issued a $0.505 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $2.02 annualized dividend and a yield of 1.5%. Formula Systems (1985)'s payout ratio is 28.77%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Raymond James Financial Inc. purchased a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 568 shares of the technology company's stock, valued at approximately $73,000. Institutional investors and hedge funds 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.
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