Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down to $79.30

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $79.30, but opened at $77.26. Formula Systems (1985) shares last traded at $77.26, with a volume of 319 shares changing hands.

Formula Systems (1985) Stock Down 2.6 %

The firm has a market cap of $1.18 billion, a PE ratio of 18.71 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.39. The company's 50-day simple moving average is $75.93 and its two-hundred day simple moving average is $67.54.

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its 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 during the quarter.

Formula Systems (1985) Announces Dividend

The firm also recently declared a Variable dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a yield of 1.1%. Formula Systems (1985)'s dividend payout ratio (DPR) is currently 22.03%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in Formula Systems (1985) by 9.7% during the 1st quarter. BlackRock Inc. now owns 1,956 shares of the technology company's stock valued at $197,000 after purchasing an additional 173 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Formula Systems (1985) by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,303 shares of the technology company's stock worth $305,000 after acquiring an additional 286 shares during the period. TFG Advisers LLC grew its stake in shares of 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 acquiring an additional 730 shares during the period. Altshuler Shaham Ltd grew its stake in shares of 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 acquiring an additional 850 shares during the period. Finally, UBS Group AG bought a new stake in shares of Formula Systems (1985) in the third quarter worth approximately $119,000. 34.76% of the stock is owned by hedge funds and other institutional investors.

Formula Systems (1985) Company Profile

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.