Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $116.90, but opened at $107.71. Formula Systems (1985) shares last traded at $106.37, with a volume of 303 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen cut Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st.
Check Out Our Latest Research Report on FORTY
Formula Systems (1985) Stock Performance
The business has a fifty day moving average of $119.12 and a 200 day moving average of $101.76. 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 $1.68 billion, a P/E ratio of 21.02 and a beta of 0.93.
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 (EPS) for the quarter. The business had revenue of $754.68 million during the quarter. Formula Systems (1985) had a return on equity of 6.00% and a net margin of 2.91%.
Formula Systems (1985) Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Friday, August 1st. Stockholders of record on Monday, July 7th were issued a dividend of $0.9728 per share. The ex-dividend date was Monday, July 7th. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a dividend yield of 100.0%. Formula Systems (1985)'s dividend payout ratio is 12.64%.
Hedge Funds 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 4th quarter, according to its most recent Form 13F 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 SEC filing. Institutional investors and hedge funds 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.
Further Reading
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