Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares fell 3.7% during mid-day trading on Wednesday . The company traded as low as $110.00 and last traded at $104.45. 279 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 891 shares. The stock had previously closed at $108.50.
Formula Systems (1985) Stock Performance
The stock has a 50-day simple moving average of $93.38 and a 200-day simple moving average of $92.04. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 22.63 and a beta of 0.88. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. The business had revenue of $754.68 million for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.
Formula Systems (1985) Increases Dividend
The business also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 7th will be given a $0.9728 dividend. The ex-dividend date is Monday, July 7th. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio (DPR) is currently 11.88%.
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 position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,385 shares of the technology company's stock after buying an additional 450 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 34.76% of the company's stock.
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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