Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) gapped up before the market opened on Thursday after the company announced a dividend. The stock had previously closed at $97.50, but opened at $108.71. Formula Systems (1985) shares last traded at $108.18, with a volume of 246 shares.
The newly announced dividend which will be paid on Friday, August 1st. Stockholders of record on Monday, July 7th will be paid a $0.9728 dividend. This represents a dividend yield of 1%. The ex-dividend date is Monday, July 7th. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. Formula Systems (1985)'s dividend payout ratio (DPR) is presently 11.88%.
Formula Systems (1985) Stock Up 1.4%
The company has a 50-day moving average of $92.23 and a two-hundred day moving average of $91.65. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.69 billion, a P/E ratio of 22.82 and a beta of 0.88.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 EPS 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.
Institutional Trading of Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted 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 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 as of its most recent filing with the Securities & Exchange Commission. 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.
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