Formula Systems (1985) (NASDAQ:FORTY) Share Price Passes Above 200-Day Moving Average of $67.14

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $67.14 and traded as high as $80.93. Formula Systems (1985) shares last traded at $77.50, with a volume of 119 shares.

Formula Systems (1985) Price Performance

The company's 50 day simple moving average is $73.21 and its 200-day simple moving average is $67.19. The company has a current ratio of 1.39, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 20.10 and a beta of 1.08.

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 19th. The technology company reported $1.01 EPS for the quarter. Formula Systems (1985) had a net margin of 2.44% and a return on equity of 5.17%. The firm had revenue of $640.29 million for the quarter.

Formula Systems (1985) Announces Dividend

The company also recently disclosed a Variable dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a dividend yield of 1.1%. Formula Systems (1985)'s dividend payout ratio is currently 10.90%.

Institutional Trading of Formula Systems (1985)

Institutional investors have recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd bought a new stake in Formula Systems (1985) during the fourth quarter valued at $53,581,000. Altshuler Shaham Ltd lifted its holdings in Formula Systems (1985) by 6.3% in the fourth quarter. Altshuler Shaham Ltd now owns 14,251 shares of the technology company's stock worth $945,000 after purchasing an additional 850 shares during the period. TFG Advisers LLC lifted its holdings in Formula Systems (1985) by 10.7% in the third quarter. TFG Advisers LLC now owns 7,529 shares of the technology company's stock worth $566,000 after purchasing an additional 730 shares during the period. Jane Street Group LLC lifted its holdings in Formula Systems (1985) by 274.2% in the 4th quarter. Jane Street Group LLC now owns 13,351 shares of the technology company's stock valued at $946,000 after acquiring an additional 9,783 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Formula Systems (1985) by 7.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,303 shares of the technology company's stock valued at $305,000 after acquiring an additional 286 shares during the last quarter. 34.76% of the stock is owned by institutional investors and hedge funds.

About Formula Systems (1985)

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.