Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $97.86 and traded as high as $123.63. Formula Systems (1985) shares last traded at $129.64, with a volume of 708 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded 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 Analysis on Formula Systems (1985)
Formula Systems (1985) Trading Up 2.2%
The business has a 50 day moving average of $113.92 and a 200-day moving average of $98.63. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.94 billion, a P/E ratio of 24.20 and a beta of 0.97.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its 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 6.00% and a net margin of 2.91%. The firm had revenue of $754.68 million for the quarter.
Formula Systems (1985) Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 7th will be issued a $0.9728 dividend. The ex-dividend date is Monday, July 7th. This represents a dividend yield of 1%. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.69. Formula Systems (1985)'s dividend payout ratio (DPR) is presently 12.07%.
Institutional Investors Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,385 shares of the technology company's stock after purchasing 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 filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 34.76% of the company's stock.
Formula Systems (1985) Company Profile
(
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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