Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s stock price crossed 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 traded.
Formula Systems (1985) Trading Up 8.1%
The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The stock's 50-day moving average is $96.80 and its two-hundred day moving average is $93.52. The stock has a market cap of $1.69 billion, a P/E ratio of 22.87 and a beta of 0.93.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. The company had revenue of $754.68 million for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.
Formula Systems (1985) Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be paid a dividend of $0.9728 per share. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date of this dividend is Monday, July 7th. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio is presently 11.88%.
Institutional Investors Weigh In On Formula Systems (1985)
An institutional investor recently raised its position 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 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,385 shares of the technology company's stock after buying an additional 450 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent SEC filing. 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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