Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $102.00, but opened at $112.53. Formula Systems (1985) shares last traded at $112.88, with a volume of 1,708 shares changing hands.
Formula Systems (1985) Stock Performance
The stock's 50-day moving average price is $96.80 and its 200-day moving average price is $93.52. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 22.91 and a beta of 0.93. 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 released its earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The company had revenue of $754.68 million for the quarter.
Formula Systems (1985) Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be given a dividend of $0.9728 per share. The ex-dividend date of this dividend is Monday, July 7th. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio is 11.88%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to the company in 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 quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent filing with the SEC. 34.76% of the stock is owned by institutional investors.
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 Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
