Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday.
Formula Systems (1985) Price Performance
NASDAQ:FORTY opened at $115.77 on Friday. Formula Systems has a 52 week low of $69.28 and a 52 week high of $113.30. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 22.18 and a beta of 0.93. The firm's 50-day simple moving average is $98.88 and its 200 day simple moving average is $94.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.26.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. The company had revenue of $754.68 million for the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%.
Institutional Investors Weigh In On Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to its most recent filing with the 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 SEC. Hedge funds and other institutional investors 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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