Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $106.10 and traded as high as $129.96. Formula Systems (1985) shares last traded at $125.82, with a volume of 1,120 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 21st.
Get Our Latest Stock Analysis on Formula Systems (1985)
Formula Systems (1985) Trading Up 1.8%
The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 28.01 and a beta of 0.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.17 and a current ratio of 1.21. The company has a 50 day moving average of $125.04 and a 200 day moving average of $106.97.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 19th. The technology company reported $0.95 EPS for the quarter. Formula Systems (1985) had a return on equity of 5.58% and a net margin of 2.70%.The firm had revenue of $743.37 million for the quarter.
Formula Systems (1985) Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Tuesday, October 14th will be given a $0.505 dividend. This represents a $2.02 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, October 14th. Formula Systems (1985)'s dividend payout ratio (DPR) is currently 26.76%.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Formula Systems (1985) stock. Raymond James Financial Inc. acquired a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 568 shares of the technology company's stock, valued at approximately $73,000. Hedge funds and other institutional investors own 34.76% of the company's stock.
Formula Systems (1985) Company Profile
(
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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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