Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st.
Check Out Our Latest Stock Report on Formula Systems (1985)
Formula Systems (1985) Trading Up 1.5%
The company has a debt-to-equity ratio of 0.17, a current ratio of 1.21 and a quick ratio of 1.17. The company has a fifty day simple moving average of $124.81 and a two-hundred day simple moving average of $106.68. The company has a market capitalization of $2.13 billion, a P/E ratio of 27.95 and a beta of 0.94.
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. The firm had revenue of $743.37 million for the quarter. Formula Systems (1985) had a return on equity of 5.58% and a net margin of 2.70%.
Formula Systems (1985) Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Tuesday, October 14th will be issued a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, October 14th. Formula Systems (1985)'s payout ratio is 26.76%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Raymond James Financial Inc. purchased a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 568 shares of the technology company's stock, valued at approximately $73,000. 34.76% of the stock is currently owned by institutional investors.
Formula Systems (1985) Company Profile
(
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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