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NASDAQ:FORTY

Formula Systems (1985) - FORTY Stock Forecast, Price & News

$99.10
-0.90 (-0.90%)
(As of 08/9/2022 05:12 PM ET)
Add
Compare
Today's Range
$99.10
$100.50
50-Day Range
$83.44
$106.00
52-Week Range
$83.44
$142.00
Volume
536 shs
Average Volume
2,964 shs
Market Capitalization
$1.52 billion
P/E Ratio
26.43
Dividend Yield
1.12%
Price Target
N/A
FORTY stock logo

About Formula Systems (1985) (NASDAQ:FORTY) Stock

Formula Systems (1985) Ltd., through its subsidiaries, provides proprietary and non-proprietary software solutions, IT professional services, software product marketing and support, and computer infrastructure and integration solutions worldwide. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; and database and big data services. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and system, data management, and software development tools; and professional training courses and advanced professional studies. In addition, it markets and sells computers and peripheral equipment to business customers; offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, Sapiens PolicyPro, Sapiens BillingPro, Sapiens ClaimsPro, e-Tica, and Tia Enterprise; life, pension, and annuities platforms, including Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO; and Sapiens platform for workers' compensation solutions. Further, the company provides financial and compliance solutions that include Sapiens FinancialPro, Sapiens Financial GO, and Sapiens StatementPro; Sapiens DECISION, a decision management platform; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. Formula Systems (1985) Ltd. was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

Formula Systems (1985) Price Performance

FORTY opened at $100.00 on Tuesday. Formula Systems has a fifty-two week low of $83.44 and a fifty-two week high of $142.00. The firm has a 50-day moving average of $96.59 and a 200 day moving average of $99.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.29. The firm has a market cap of $1.53 billion, a P/E ratio of 26.67 and a beta of 1.01.

Formula Systems (1985) (NASDAQ:FORTY - Get Rating) last released its earnings results on Wednesday, May 18th. The technology company reported $1.05 earnings per share for the quarter. The firm had revenue of $657.57 million during the quarter. Formula Systems (1985) had a net margin of 2.34% and a return on equity of 5.05%.

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FORTY Stock News Headlines

Formula E Racing Helps Jaguar Accelerate Towards EVs
Formula Systems Shares Cross Above 200 DMA
ENEOS AT THE 2021 SEMA SHOW
Formula Systems (1985) Ltd. ADR
See More Headlines
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FORTY Company Calendar

Last Earnings
5/18/2022
Today
8/09/2022
Next Earnings (Estimated)
8/18/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
N/A
Current Symbol
NASDAQ:FORTY
Employees
20,333
Year Founded
N/A

Profitability

Net Income
$54.58 million
Pretax Margin
7.89%

Debt

Sales & Book Value

Annual Sales
$2.41 billion
Cash Flow
$11.80 per share
Book Value
$77.14 per share

Miscellaneous

Free Float
11,730,000
Market Cap
$1.52 billion
Optionable
Not Optionable
Beta
1.01














FORTY Stock - Frequently Asked Questions

How has Formula Systems (1985)'s stock price performed in 2022?

Formula Systems (1985)'s stock was trading at $123.97 at the beginning of 2022. Since then, FORTY shares have decreased by 19.3% and is now trading at $100.00.
View the best growth stocks for 2022 here
.

Are investors shorting Formula Systems (1985)?

Formula Systems (1985) saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 2,900 shares, an increase of 141.7% from the June 30th total of 1,200 shares. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is currently 1.7 days.
View Formula Systems (1985)'s Short Interest
.

When is Formula Systems (1985)'s next earnings date?

Formula Systems (1985) is scheduled to release its next quarterly earnings announcement on Thursday, August 18th 2022.
View our FORTY earnings forecast
.

How were Formula Systems (1985)'s earnings last quarter?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) released its quarterly earnings data on Wednesday, May, 18th. The technology company reported $1.05 earnings per share for the quarter. The technology company had revenue of $657.57 million for the quarter. Formula Systems (1985) had a trailing twelve-month return on equity of 5.05% and a net margin of 2.34%.

How often does Formula Systems (1985) pay dividends? What is the dividend yield for Formula Systems (1985)?

Formula Systems (1985) announced a semi-annual dividend on Friday, March 18th. Investors of record on Tuesday, April 12th will be given a dividend of $0.7908 per share on Friday, May 6th. This represents a yield of 1.1%. The ex-dividend date of this dividend is Monday, April 11th. This is a positive change from the stock's previous semi-annual dividend of $0.57.
Read our dividend analysis for FORTY
.

Is Formula Systems (1985) a good dividend stock?

Formula Systems (1985) (NASDAQ:FORTY) pays an annual dividend of $1.12 per share and currently has a dividend yield of 1.15%. The dividend payout ratio is 29.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FORTY.

What is Formula Systems (1985)'s stock symbol?

Formula Systems (1985) trades on the NASDAQ under the ticker symbol "FORTY."

Who are Formula Systems (1985)'s major shareholders?

Formula Systems (1985)'s stock is owned by a number of retail and institutional investors. Top institutional shareholders include TFG Advisers LLC (0.04%).

How do I buy shares of Formula Systems (1985)?

Shares of FORTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Formula Systems (1985)'s stock price today?

One share of FORTY stock can currently be purchased for approximately $100.00.

How much money does Formula Systems (1985) make?

Formula Systems (1985) (NASDAQ:FORTY) has a market capitalization of $1.53 billion and generates $2.41 billion in revenue each year. The technology company earns $54.58 million in net income (profit) each year or $3.75 on an earnings per share basis.

How many employees does Formula Systems (1985) have?

Formula Systems (1985) employs 20,333 workers across the globe.

How can I contact Formula Systems (1985)?

Formula Systems (1985)'s mailing address is 5 HAPLADA STREET, OR YEHUDA L3, 6021805. The official website for the company is www.formulasystems.com. The technology company can be reached via phone at (723) 538-9389, via email at ir@formula.co.il, or via fax at 972-3538-9645.

This page (NASDAQ:FORTY) was last updated on 8/9/2022 by MarketBeat.com Staff

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