Shares of 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 $97.86 and traded as high as $123.63. Formula Systems (1985) shares last traded at $129.64, with a volume of 708 shares.
Analysts Set New Price Targets
Separately, Wall Street Zen downgraded shares of Formula Systems (1985) from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 21st.
Read Our Latest Report on FORTY
Formula Systems (1985) Trading Up 2.2%
The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 24.20 and a beta of 0.97. The business has a 50 day moving average of $112.61 and a 200 day moving average of $98.08. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.16.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 6.00% and a net margin of 2.91%. The company had revenue of $754.68 million during the quarter.
Formula Systems (1985) Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be given a dividend of $0.9728 per share. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. The ex-dividend date is Monday, July 7th. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio is 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 grew its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,385 shares of the technology company's stock after acquiring 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.
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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