Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $133.45, but opened at $123.63. Formula Systems (1985) shares last traded at $127.68, with a volume of 654 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st.
Check Out Our Latest Analysis on FORTY
Formula Systems (1985) Stock Performance
The stock's 50 day moving average price is $112.61 and its 200 day moving average price is $98.08. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 24.20 and a beta of 0.97.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued 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 net margin of 2.91% and a return on equity of 6.00%. The business had revenue of $754.68 million during the quarter.
Formula Systems (1985) Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be paid 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 dividend payout ratio (DPR) is 12.07%.
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 Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 6,385 shares of the technology company's stock after purchasing 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 SEC. Institutional investors own 34.76% of the company's stock.
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.
See Also
Before you consider Formula Systems (1985), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Formula Systems (1985) wasn't on the list.
While Formula Systems (1985) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
