Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 700 shares, a decrease of 36.4% from the May 15th total of 1,100 shares. Currently, 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 700 shares, the days-to-cover ratio is currently 1.0 days.
Institutional Investors Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,385 shares of the technology company's stock after purchasing an additional 450 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 34.76% of the company's stock.
Formula Systems (1985) Stock Performance
FORTY traded up $0.19 during midday trading on Tuesday, hitting $110.43. 1,643 shares of the company traded hands, compared to its average volume of 927. The company's 50-day moving average is $97.27 and its 200 day moving average is $93.63. The company has a quick ratio of 1.23, a current ratio of 1.26 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.69 billion, a PE ratio of 21.16 and a beta of 0.93. Formula Systems has a 52 week low of $69.28 and a 52 week high of $112.95.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its earnings results on Thursday, May 22nd. The technology company reported $1.23 EPS for the quarter. The business had revenue of $754.68 million during the quarter. Formula Systems (1985) had a net margin of 2.91% and a return on equity of 6.00%.
Formula Systems (1985) Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, July 7th will be given a $0.9728 dividend. The ex-dividend date of this dividend is Monday, July 7th. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.69. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio (DPR) is presently 27.20%.
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.
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