Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares hit a new 52-week high on Saturday . The company traded as high as $107.00 and last traded at $97.11, with a volume of 2113 shares trading hands. The stock had previously closed at $91.41.
Formula Systems (1985) Price Performance
The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $1.58 billion, a PE ratio of 21.33 and a beta of 0.88. The firm has a 50 day moving average price of $90.28 and a 200 day moving average price of $90.01.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The firm had revenue of $691.50 million during the quarter.
Formula Systems (1985) Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Wednesday, April 30th will be paid a $0.6855 dividend. The ex-dividend date is Wednesday, April 30th. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.63. This represents a dividend yield of 1%. Formula Systems (1985)'s payout ratio is presently 26.92%.
Institutional Investors Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,385 shares of the technology company's stock after buying 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 and hedge funds.
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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