Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $112.95 and last traded at $101.80, with a volume of 293 shares trading hands. The stock had previously closed at $102.00.
Formula Systems (1985) Price Performance
The firm has a market capitalization of $1.72 billion, a PE ratio of 21.46 and a beta of 0.93. The business's 50 day moving average is $97.77 and its two-hundred day moving average is $93.76. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.26 and a quick ratio of 1.23.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%. The company had revenue of $754.68 million during the quarter.
Formula Systems (1985) Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 7th will be given a dividend of $0.9728 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a yield of 1%. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. Formula Systems (1985)'s payout ratio is currently 27.20%.
Institutional Investors Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,385 shares of the technology company's stock after purchasing an additional 450 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent SEC filing. 34.76% of the stock is owned by institutional investors.
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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