Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) was the recipient of a significant decline in short interest in May. As of May 31st, there was short interest totalling 700 shares, a decline of 36.4% from the May 15th total of 1,100 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the company's shares are sold short.
Formula Systems (1985) Stock Up 0.7%
Shares of NASDAQ:FORTY traded up $0.74 during trading on Thursday, reaching $112.04. The stock had a trading volume of 627 shares, compared to its average volume of 925. The firm's 50-day simple moving average is $97.77 and its 200 day simple moving average is $93.76. The company has a current ratio of 1.26, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. Formula Systems has a one year low of $69.28 and a one year high of $113.30. The company has a market capitalization of $1.72 billion, a P/E ratio of 21.46 and a beta of 0.93.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 6.00% and a net margin of 2.91%. The business had revenue of $754.68 million for the quarter.
Formula Systems (1985) Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be given a $0.9728 dividend. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Monday, July 7th. Formula Systems (1985)'s dividend payout ratio (DPR) is presently 27.20%.
Institutional Trading of Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,385 shares of the technology company's stock after purchasing an additional 450 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 34.76% of the company's stock.
About Formula Systems (1985)
(
Get Free Report)
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.
Recommended Stories
Before you consider Formula Systems (1985), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Formula Systems (1985) wasn't on the list.
While Formula Systems (1985) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
