Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $104.89 and traded as high as $130.55. Formula Systems (1985) shares last traded at $130.18, with a volume of 155 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 21st.
Read Our Latest Stock Analysis on Formula Systems (1985)
Formula Systems (1985) Price Performance
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 stock has a market cap of $1.90 billion, a price-to-earnings ratio of 24.87 and a beta of 0.93. The business's 50-day simple moving average is $123.80 and its two-hundred day simple moving average is $105.48.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its earnings results on Tuesday, August 19th. The technology company reported $0.95 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.70% and a return on equity of 5.58%. The firm had revenue of $743.37 million for the quarter.
Formula Systems (1985) Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Shareholders of record on Tuesday, October 14th will be given a $0.505 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $2.02 dividend on an annualized basis and a yield of 1.6%. Formula Systems (1985)'s dividend payout ratio (DPR) is currently 26.76%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,740 shares of the technology company's stock, valued at approximately $222,000. Institutional investors own 34.76% of the company's stock.
About Formula Systems (1985)
(
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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