Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $101.83, but opened at $104.78. Formula Systems (1985) shares last traded at $96.41, with a volume of 303 shares trading hands.
Formula Systems (1985) Stock Up 5.9%
The firm has a market cap of $1.59 billion, a P/E ratio of 21.53 and a beta of 0.88. The stock's 50 day simple moving average is $91.24 and its 200 day simple moving average is $90.96. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The business had revenue of $754.68 million for the quarter.
Formula Systems (1985) Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.6855 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.63. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio (DPR) is 27.01%.
Institutional Investors Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd increased its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,385 shares of the technology company's stock after acquiring 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. Institutional investors own 34.76% of the company's stock.
About Formula Systems (1985)
(
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.
Featured Stories
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
Which stocks are hedge funds and endowments buying in today's market? Enter your email address and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying now.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
