Short Interest in Formula Systems (1985) Ltd. (NASDAQ:FORTY) Declines By 40.0%

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 600 shares, a drop of 40.0% from the March 31st total of 1,000 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

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 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 at the end of the most recent reporting period. 34.76% of the stock is currently owned by institutional investors.

Formula Systems (1985) Price Performance

NASDAQ FORTY traded down $2.71 during mid-day trading on Tuesday, hitting $86.87. The stock had a trading volume of 251 shares, compared to its average volume of 1,043. Formula Systems has a twelve month low of $69.07 and a twelve month high of $100.00. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 18.02 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The firm's 50 day moving average is $90.84 and its 200 day moving average is $89.08.

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its earnings results on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The company had revenue of $691.50 million during the quarter.

Formula Systems (1985) Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be given a $0.6855 dividend. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.63. Formula Systems (1985)'s payout ratio is 26.92%.

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.

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