Formula Systems (1985) (NASDAQ:FORTY) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $99.50 and traded as high as $129.01. Formula Systems (1985) shares last traded at $129.01, with a volume of 4,076 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st.

Formula Systems (1985) Trading Down 3.1%

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.26 and a quick ratio of 1.23. The company has a fifty day simple moving average of $116.65 and a two-hundred day simple moving average of $100.29. The company has a market capitalization of $1.92 billion, a P/E ratio of 23.94 and a beta of 0.97.

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 (EPS) for the quarter. The company had revenue of $754.68 million during the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%.

Formula Systems (1985) Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, July 7th will be issued a $0.9728 dividend. This represents a dividend yield of 1%. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, July 7th. Formula Systems (1985)'s dividend payout ratio is presently 12.64%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,385 shares of the technology company's stock after acquiring an additional 450 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 34.76% of the company's stock.

Formula Systems (1985) Company Profile

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.