Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $113.00, but opened at $127.80. Formula Systems (1985) shares last traded at $131.37, with a volume of 1,394 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut shares of Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st.
Read Our Latest Report on Formula Systems (1985)
Formula Systems (1985) Stock Performance
The company has a market capitalization of $1.94 billion, a P/E ratio of 24.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.26. The business's fifty day simple moving average is $106.08 and its 200-day simple moving average is $96.09.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 earnings per share for the quarter. The firm 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 firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be paid a dividend of $0.9728 per share. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend is Monday, July 7th. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio is presently 27.20%.
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 stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,385 shares of the technology company's stock after buying an additional 450 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent quarter. Hedge funds and other 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.
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