Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) was down 3.7% during trading on Wednesday . The stock traded as low as $110.00 and last traded at $104.45. Approximately 279 shares changed hands during trading, a decline of 69% from the average daily volume of 891 shares. The stock had previously closed at $108.50.
Formula Systems (1985) Stock Up 2.4%
The business has a 50-day moving average of $94.32 and a 200-day moving average of $92.51. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 23.05 and a beta of 0.88.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. The firm had revenue of $754.68 million during 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 company 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. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a yield of 1%. The ex-dividend date is Monday, July 7th. Formula Systems (1985)'s payout ratio is currently 11.88%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 reporting period. 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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