Formula Systems (1985) Ltd. (NASDAQ:FORTY) Sees Large Drop in Short Interest

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw a large drop in short interest in the month of 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. Currently, 0.0% of the company's stock are short sold. Based on an average daily volume of 900 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC bought a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is currently owned by institutional investors and hedge funds.

Formula Systems (1985) Stock Down 0.1 %

NASDAQ:FORTY traded down $0.05 during mid-day trading on Friday, hitting $87.90. 264 shares of the company's stock were exchanged, compared to its average volume of 922. The company has a market cap of $1.35 billion, a PE ratio of 18.24 and a beta of 0.88. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. Formula Systems has a one year low of $69.07 and a one year high of $100.00. The business has a fifty day moving average price of $89.99 and a 200 day moving average price of $89.35.

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

Formula Systems (1985) Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.6855 per share. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.63. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, April 30th. Formula Systems (1985)'s dividend payout ratio (DPR) is currently 26.92%.

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.