Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock 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.
Read Our Latest Stock Analysis on Formula Systems (1985)
Formula Systems (1985) Price Performance
The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 28.17 and a beta of 0.94. The company has a current ratio of 1.21, a quick ratio of 1.17 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $125.37 and a 200 day moving average of $107.42.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 19th. The technology company reported $0.95 EPS for the quarter. The business had revenue of $743.37 million for the quarter. Formula Systems (1985) had a return on equity of 5.58% and a net margin of 2.70%.
Formula Systems (1985) Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Tuesday, October 14th will be paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 14th. Formula Systems (1985)'s dividend payout ratio (DPR) is presently 26.76%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Elevation Point Wealth Partners LLC bought a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,740 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors and hedge funds.
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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