Formula Systems (1985) (NASDAQ:FORTY) Shares Down 6.8%

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s stock price fell 6.8% during mid-day trading on Wednesday . The company traded as low as $75.02 and last traded at $75.02. 601 shares were traded during trading, an increase of 18% from the average session volume of 510 shares. The stock had previously closed at $80.49.

Formula Systems (1985) Stock Down 3.9 %

The company has a market cap of $1.19 billion, a price-to-earnings ratio of 18.84 and a beta of 1.08. The stock has a fifty day moving average price of $74.06 and a two-hundred day moving average price of $67.22. The company has a quick ratio of 1.35, a current ratio of 1.39 and a debt-to-equity ratio of 0.24.

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 (EPS) for the quarter. The company had revenue of $640.29 million for the quarter. Formula Systems (1985) had a return on equity of 5.17% and a net margin of 2.44%.

Formula Systems (1985) Announces Dividend

The firm also recently announced a Variable dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be given 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 dividend payout ratio is presently 10.90%.

Institutional Trading of Formula Systems (1985)

A number of hedge funds and other institutional investors have recently modified their holdings of FORTY. UBS Group AG acquired a new stake in Formula Systems (1985) during the 3rd quarter worth approximately $119,000. BlackRock Inc. increased its stake in shares of Formula Systems (1985) by 9.7% in the first quarter. BlackRock Inc. now owns 1,956 shares of the technology company's stock valued at $197,000 after buying an additional 173 shares during the period. Jane Street Group LLC acquired a new position in shares of Formula Systems (1985) in the third quarter worth approximately $294,000. Dimensional Fund Advisors LP raised its holdings in Formula Systems (1985) by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,303 shares of the technology company's stock worth $305,000 after purchasing an additional 286 shares during the last quarter. Finally, TFG Advisers LLC lifted its position in shares of Formula Systems (1985) by 10.7% in the 3rd 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. 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.