Formula Systems (1985) (NASDAQ:FORTY) Sees Strong Trading Volume

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 467 shares were traded during trading, a decline of 13% from the previous session's volume of 536 shares.The stock last traded at $74.15 and had previously closed at $74.60.

Formula Systems (1985) Stock Up 0.0 %

The firm has a market capitalization of $1.14 billion, a PE ratio of 18.07 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.39 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $76.28 and a 200-day moving average price of $67.61.

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings data on Tuesday, March 19th. The technology company reported $1.01 earnings per share (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) Dividend Announcement

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

Institutional Investors Weigh In On Formula Systems (1985)

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Formula Systems (1985) during the fourth quarter worth about $53,581,000. Jane Street Group LLC lifted its holdings 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 worth $946,000 after buying an additional 9,783 shares in the last quarter. FMR LLC boosted its position in Formula Systems (1985) by 78.8% in the 2nd quarter. FMR LLC now owns 18,409 shares of the technology company's stock valued at $1,708,000 after buying an additional 8,116 shares during the period. UBS Group AG acquired a new position in shares of Formula Systems (1985) in the third quarter worth $119,000. Finally, Dimensional Fund Advisors LP increased 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 acquiring an additional 1,219 shares during the period. 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.