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 changing hands.
Formula Systems (1985) Stock Performance
The company has a 50-day simple moving average of $95.99 and a two-hundred day simple moving average of $93.14. 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 firm has a market capitalization of $1.56 billion, a P/E ratio of 21.08 and a beta of 0.88.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 earnings per share 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 company also recently disclosed a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 7th will be given a dividend of $0.9728 per share. This represents a 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 payout ratio is presently 11.88%.
Institutional Trading of Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted 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 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,385 shares of the technology company's stock after purchasing 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. 34.76% of the stock is currently 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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