Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) fell 6.9% during trading on Friday . The stock traded as low as $133.45 and last traded at $125.69. 204 shares changed hands during trading, a decline of 78% from the average session volume of 939 shares. The stock had previously closed at $134.96.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st.
Check Out Our Latest Report on Formula Systems (1985)
Formula Systems (1985) Price Performance
The firm has a 50 day simple moving average of $110.36 and a 200-day simple moving average of $97.41. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.16. The company has a market cap of $1.94 billion, a PE ratio of 24.20 and a beta of 0.97.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 6.00% and a net margin of 2.91%. The company had revenue of $754.68 million for the quarter.
Formula Systems (1985) Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, July 7th will be paid a dividend of $0.9728 per share. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, July 7th. This represents a dividend yield of 1%. Formula Systems (1985)'s payout ratio is presently 12.07%.
Institutional Investors Weigh In On Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,385 shares of the technology company's stock after buying an additional 450 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent filing with the Securities & Exchange Commission. 34.76% of the stock is owned by hedge funds and other institutional investors.
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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