Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) gapped up before the market opened 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 traded.
Formula Systems (1985) Price Performance
The stock's 50-day moving average is $98.29 and its 200 day moving average is $93.92. The stock has a market capitalization of $1.77 billion, a PE ratio of 22.18 and a beta of 0.93. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.16.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 EPS for the quarter. The company had revenue of $754.68 million for the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%.
Formula Systems (1985) Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 7th will be given a $0.9728 dividend. The ex-dividend date is Monday, July 7th. This represents a dividend yield of 1%. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. Formula Systems (1985)'s payout ratio is currently 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 lifted its stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 reporting period. Institutional investors and hedge funds own 34.76% of the company's stock.
About Formula Systems (1985)
(
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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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