Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price gapped down before the market opened 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 Upgrades and Downgrades
Separately, Wall Street Zen downgraded shares of 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 FORTY
Formula Systems (1985) Stock Performance
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 $1.62 billion, a PE ratio of 20.23 and a beta of 0.93. The business's fifty day moving average is $119.14 and its 200-day moving average is $102.22.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its earnings results on Thursday, May 22nd. The technology company reported $1.23 EPS for the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%. 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 was paid on Friday, August 1st. Investors of record on Monday, July 7th were given a $0.9728 dividend. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a yield of 100.0%. The ex-dividend date was Monday, July 7th. Formula Systems (1985)'s dividend payout ratio (DPR) is presently 12.64%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,385 shares of the technology company's stock after buying 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. Institutional investors own 34.76% of the company's stock.
Formula Systems (1985) Company Profile
(
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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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