Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares were down 4% on Tuesday . The company traded as low as $89.57 and last traded at $87.59. Approximately 289 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 916 shares. The stock had previously closed at $91.22.
Formula Systems (1985) Stock Down 0.1 %
The firm's 50 day simple moving average is $89.99 and its 200-day simple moving average is $89.35. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 18.24 and a beta of 0.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. The firm had revenue of $691.50 million during 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 announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.63. This represents a dividend yield of 1%. Formula Systems (1985)'s dividend payout ratio (DPR) is 26.92%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC bought a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors.
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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