Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $93.14 and traded as high as $105.83. Formula Systems (1985) shares last traded at $101.60, with a volume of 1,140 shares trading hands.
Formula Systems (1985) Trading Up 3.0%
The business's 50 day simple moving average is $95.99 and its two-hundred day simple moving average is $93.14. The stock has a market cap of $1.60 billion, a P/E ratio of 21.71 and a beta of 0.93. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The technology company reported $1.23 earnings per share for the quarter. The company had revenue of $754.68 million for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.
Formula Systems (1985) Increases Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be issued a $0.9728 dividend. This represents a yield of 1%. The ex-dividend date of this dividend is Monday, July 7th. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. Formula Systems (1985)'s dividend payout ratio (DPR) 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 increased its stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,385 shares of the technology company's stock after acquiring an additional 450 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent reporting period. 34.76% of the stock is currently owned by institutional investors and hedge funds.
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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