Short Interest in Formula Systems (1985) Ltd. (NASDAQ:FORTY) Drops By 5.3%

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,800 shares, a decline of 5.3% from the February 29th total of 1,900 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is presently 6.0 days. Approximately 0.0% of the company's shares are short sold.

Formula Systems (1985) Trading Down 5.9 %

Formula Systems (1985) stock traded down $4.87 during mid-day trading on Tuesday, reaching $78.14. 405 shares of the company traded hands, compared to its average volume of 507. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.35. The firm's 50 day moving average price is $73.71 and its 200 day moving average price is $67.14. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 18.92 and a beta of 1.08. Formula Systems has a 52-week low of $55.97 and a 52-week high of $83.19.

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

Formula Systems (1985) Announces Dividend

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

Hedge Funds Weigh In On Formula Systems (1985)

A number of hedge funds have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd bought a new position in Formula Systems (1985) during the 4th quarter valued at about $53,581,000. Jane Street Group LLC lifted its stake in Formula Systems (1985) by 274.2% during 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 period. FMR LLC lifted its stake in Formula Systems (1985) by 78.8% during the 2nd quarter. FMR LLC now owns 18,409 shares of the technology company's stock valued at $1,708,000 after acquiring an additional 8,116 shares during the period. UBS Group AG bought a new position in Formula Systems (1985) during the 3rd quarter valued at about $119,000. Finally, Dimensional Fund Advisors LP lifted its stake in Formula Systems (1985) by 43.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,998 shares of the technology company's stock valued at $392,000 after acquiring an additional 1,219 shares during the period. Institutional investors own 34.76% of the company's stock.

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.