Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $108.66, but opened at $105.00. Formula Systems (1985) shares last traded at $104.49, with a volume of 128 shares.
Formula Systems (1985) Price Performance
The stock has a market cap of $1.60 billion, a PE ratio of 21.71 and a beta of 0.93. 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 business has a 50 day moving average price of $96.34 and a two-hundred day moving average price of $93.37.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 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 declared a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be issued a $0.9728 dividend. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Monday, July 7th. Formula Systems (1985)'s payout ratio is 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 raised its stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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. 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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