Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $90.96 and traded as high as $100.00. Formula Systems (1985) shares last traded at $96.83, with a volume of 672 shares changing hands.
Formula Systems (1985) Price Performance
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 firm has a market cap of $1.66 billion, a PE ratio of 22.51 and a beta of 0.88. The firm has a 50-day simple moving average of $91.58 and a 200 day simple moving average of $91.11.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The firm had revenue of $754.68 million during the quarter.
Formula Systems (1985) Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders 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. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Monday, July 7th. Formula Systems (1985)'s payout ratio is currently 27.01%.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the 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 at the end of the most recent quarter. 34.76% of the stock is currently owned by institutional investors.
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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