Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $88.76 and traded as high as $91.22. Formula Systems (1985) shares last traded at $93.69, with a volume of 429 shares trading hands.
Formula Systems (1985) Stock Performance
The business's 50 day simple moving average is $90.36 and its two-hundred day simple moving average is $89.05. The firm has a market capitalization of $1.32 billion, a P/E ratio of 17.91 and a beta of 1.02. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. The company 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 company 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. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.63. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, April 30th. Formula Systems (1985)'s dividend payout ratio is currently 26.92%.
Institutional Investors Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,385 shares of the technology company's stock after buying an additional 450 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 34.76% of the company's stock.
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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