Formula Systems (1985) (NASDAQ:FORTY) Trading Up 6.4%

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price traded up 6.4% during trading on Monday . The company traded as high as $83.03 and last traded at $83.03. 750 shares were traded during trading, an increase of 42% from the average session volume of 530 shares. The stock had previously closed at $78.00.

Formula Systems (1985) Stock Up 6.5 %

The business has a fifty day simple moving average of $74.80 and a 200 day simple moving average of $67.33. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 20.12 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.35.

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 return on equity of 5.17% and a net margin of 2.44%. The firm had revenue of $640.29 million during the quarter.

Formula Systems (1985) Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FORTY. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Formula Systems (1985) during the fourth quarter worth $53,581,000. Jane Street Group LLC boosted its position in shares of Formula Systems (1985) by 274.2% during the fourth quarter. Jane Street Group LLC now owns 13,351 shares of the technology company's stock worth $946,000 after buying an additional 9,783 shares during the period. FMR LLC boosted its position in shares of Formula Systems (1985) by 78.8% during the second quarter. FMR LLC now owns 18,409 shares of the technology company's stock worth $1,708,000 after buying an additional 8,116 shares during the period. UBS Group AG purchased a new position in shares of Formula Systems (1985) during the third quarter worth $119,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Formula Systems (1985) by 43.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,998 shares of the technology company's stock worth $392,000 after buying an additional 1,219 shares during the period. 34.76% of the stock is currently owned by hedge funds and other institutional investors.

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.