Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $88.42, but opened at $91.22. Formula Systems (1985) shares last traded at $90.10, with a volume of 429 shares trading hands.
Formula Systems (1985) Trading Down 2.9 %
The business's 50 day moving average price is $90.60 and its 200-day moving average price is $89.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 17.91 and a beta of 1.02.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The company had revenue of $691.50 million during the quarter.
Formula Systems (1985) Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. The ex-dividend date is Wednesday, April 30th. This represents a yield of 1%. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.63. Formula Systems (1985)'s dividend payout ratio is 26.92%.
Institutional Investors Weigh In On Formula Systems (1985)
An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,772 shares of the technology company's stock, valued at approximately $222,000. Institutional investors and hedge funds 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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