Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $110.00 and last traded at $104.45, with a volume of 279 shares. The stock had previously closed at $108.50.
Formula Systems (1985) Stock Performance
The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The stock has a fifty day simple moving average of $93.83 and a two-hundred day simple moving average of $92.22. The firm has a market capitalization of $1.70 billion, a P/E ratio of 23.05 and a beta of 0.88.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 EPS for the quarter. The company had revenue of $754.68 million during the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.
Formula Systems (1985) Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 7th will be issued a $0.9728 dividend. This represents a yield of 1%. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend is Monday, July 7th. Formula Systems (1985)'s dividend payout ratio (DPR) is presently 11.88%.
Hedge Funds Weigh In On Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,385 shares of the technology company's stock after acquiring 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 filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 34.76% of the company's stock.
Formula Systems (1985) Company Profile
(
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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