NASDAQ:FORTY

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

$75.16

+1.82 (+2.48%)

(As of 09/29/2023 ET)

Compare

Today's Range: $75.16
▼
$75.16
50-Day Range: $68.41
▼
$78.50
52-Week Range: $60.29
▼
$85.75

Volume: 210 shs
Average Volume: 198 shs
Market Capitalization: $1.15 billion

P/E Ratio: 17.85
Dividend Yield: 1.21%
Price Target: N/A

Formula Systems (1985) MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Bearish
0.02% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.43
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.67 out of 5 stars

Computer And Technology Sector

528th out of 606 stocks

Custom Computer Programming Services Industry

22nd out of 26 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Formula Systems (1985).

1.0

Short Interest

Percentage of Shares Shorted
0.02% of the float of Formula Systems (1985) has been sold short.
Short Interest Ratio / Days to Cover
Formula Systems (1985) has a short interest ratio ("days to cover") of 10, which indicates bearish sentiment.
Change versus previous month
Short interest in Formula Systems (1985) has recently increased by 87.50%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Formula Systems (1985) pays a meaningful dividend of 1.24%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Formula Systems (1985) has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Formula Systems (1985) is 21.62%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FORTY.

1.9

News and Social Media Coverage

News Sentiment
Formula Systems (1985) has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.63 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Formula Systems (1985) this week, compared to 0 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Formula Systems (1985) insiders have not sold or bought any company stock.
Percentage Held by Insiders
23.30% of the stock of Formula Systems (1985) is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 10.24% of the stock of Formula Systems (1985) is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Formula Systems (1985) is 17.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Formula Systems (1985) is 17.85, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 247.83.
Price to Book Value per Share Ratio
Formula Systems (1985) has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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, 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. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and application and professional training courses, and advanced professional studies. In addition, the company offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, and IDIT Go; life, pension, and annuities platforms, including Sapiens, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; Sapiens Cloud-based DigitalSuite; data and analytics platform; and reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO. Further, it provides Sapiens workers' compensation solutions; Sapiens medical professional liability solutions; financial and compliance solutions, such as Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; Sapiens Decision; 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. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

FORTY Price History

30 days | 90 days | 365 days | Advanced Chart

FORTY Stock News Headlines

September 7, 2023 | finance.yahoo.com

Unveiling the Investment Potential of Formula Systems (1985) Ltd (FORTY): A Comprehensive ...

September 7, 2023 | finance.yahoo.com

Unveiling Formula Systems (1985) (FORTY)'s Value: Is It Really Priced Right? A Comprehensive Guide

October 1, 2023 | Behind the Markets (Ad)

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August 17, 2023 | finanznachrichten.de

Formula Systems (1985) Ltd.: Formula Systems Reports Second Quarter and First Half 2023 Financial Results

August 17, 2023 | finance.yahoo.com

MEITAV INVESTMENT HOUSE LTD Reduces Stake in Formula Systems (1985) Ltd

August 17, 2023 | finance.yahoo.com

Formula Systems Reports Second Quarter and First Half 2023 Financial Results

August 14, 2023 | gurufocus.com

Formula Systems (1985) Ltd: A High-Performing Stock with a GF Score of 94

August 3, 2023 | msn.com

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October 1, 2023 | Stansberry Research (Ad)

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July 15, 2023 | nypost.com

Mets trying to find formula for consistent success — like the Yankees

June 11, 2023 | wsj.com

Formula Systems (1985) Ltd.

May 25, 2023 | msn.com

Formula Systems (1985) - ADR (FORTY) Declares $0.62 Dividend

May 23, 2023 | finance.yahoo.com

Formula Systems Reports First Quarter 2023 Financial Results: Revenues for the First Quarter Increased by 3% Year Over Year to a Record-Breaking $670.4 Million

May 18, 2023 | investopedia.com

Black-Scholes Model: What It Is, How It Works, Options Formula

April 29, 2023 | msn.com

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April 25, 2023 | seekingalpha.com

FORTY Formula Systems (1985) Ltd.

April 20, 2023 | msn.com

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March 30, 2023 | msn.com

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March 18, 2023 | benzinga.com

Formula Systems Reports Fourth Quarter and Full...

March 16, 2023 | msn.com

The Future of Social Security: Look at History to Find Solutions

March 16, 2023 | finance.yahoo.com

Formula Systems Reports Fourth Quarter and Full Year 2022 Financial Results with Record-Breaking Full Year 2022 Results Recorded Across All Key Financial Indices (Revenues, Gross Profit, Operating Income and Net Income)

February 16, 2023 | msn.com

Most health claims about infant formula have no scientific basis

February 15, 2023 | markets.businessinsider.com

Markets may be in for an 'enormous shock' as the Fed could have to kick up interest rates to a 40-year high to fight inflation, strategist says

February 11, 2023 | yahoo.com

Former Formula E team lead announces new electric car racing series

January 27, 2023 | mirror.co.uk

Max Verstappen confusion prompts FIA to change F1 points system rules

January 12, 2023 | msn.com

FIA pressing ahead with plans for a 12-team Formula 1 grid

See More Headlines

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FORTY Company Calendar

Last Earnings: 8/17/2023
Today: 9/30/2023
Next Earnings (Estimated): 11/16/2023
Fiscal Year End: 12/31/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Custom computer programming services
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:FORTY
CUSIP: N/A
CIK: 1045986
Web: www.formulasystems.com
Phone: (723) 538-9389
Fax: 972-3538-9645
Employees: 22,059
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $4.21
Trailing P/E Ratio: 17.85
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $81.39 million
Net Margins: 2.50%
Pretax Margin: 8.25%
Return on Equity: 5.48%
Return on Assets: 2.36%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 1.40
Quick Ratio: 1.36

Sales & Book Value

Annual Sales: $2.57 billion
Price / Sales: 0.45
Cash Flow: $13.16 per share
Price / Cash Flow: 5.71
Book Value: $76.83 per share
Price / Book: 0.98

Miscellaneous

Outstanding Shares: 15,320,000
Free Float: 11,749,000
Market Cap: $1.15 billion
Optionable: Not Optionable
Beta: 1.02

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Key Executives

Mr. Guy Bernstein (Age 55)
Chief Exec. Officer
Comp: $4.07M

Mr. Asaf Berenstin (Age 45)
Chief Financial Officer
Comp: $50k

Ms. Maya Solomon-Ella (Age 45)
Chief Operational Officer
Comp: $283k

Key Competitors

View All Competitors

Institutional Ownership

BlackRock Inc.
Sold 277 shares on 8/11/2023
Ownership: 0.005%

View All Institutional Transactions

FORTY Stock - Frequently Asked Questions

How have FORTY shares performed in 2023?: Formula Systems (1985)'s stock was trading at $70.89 at the beginning of 2023. Since then, FORTY stock has increased by 6.0% and is now trading at $75.16.
View the best growth stocks for 2023 here.
Are investors shorting Formula Systems (1985)?: Formula Systems (1985) saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 3,000 shares, an increase of 87.5% from the August 31st total of 1,600 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 10.0 days. Approximately 0.0% of the company's stock are short sold.
View Formula Systems (1985)'s Short Interest.
When is Formula Systems (1985)'s next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 16th 2023.
View our FORTY earnings forecast.
How were Formula Systems (1985)'s earnings last quarter?: Formula Systems (1985) Ltd. (NASDAQ:FORTY) announced its quarterly earnings data on Thursday, August, 17th. The technology company reported $1.11 EPS for the quarter. The technology company had revenue of $655.37 million for the quarter. Formula Systems (1985) had a net margin of 2.50% and a trailing twelve-month return on equity of 5.48%.
How often does Formula Systems (1985) pay dividends? What is the dividend yield for Formula Systems (1985)?: Formula Systems (1985) declared a Semi-Annual dividend on Tuesday, May 23rd. Shareholders of record on Monday, June 5th will be given a dividend of $0.446 per share on Thursday, June 22nd. This represents a yield of 1.5%. The ex-dividend date is Friday, June 2nd.
Read our dividend analysis for FORTY.
Is Formula Systems (1985) a good dividend stock?: Formula Systems (1985) (NASDAQ:FORTY) pays an annual dividend of $0.91 per share and currently has a dividend yield of 1.24%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.62%. 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."
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 $75.16.
How much money does Formula Systems (1985) make?: Formula Systems (1985) (NASDAQ:FORTY) has a market capitalization of $1.15 billion and generates $2.57 billion in revenue each year. The technology company earns $81.39 million in net income (profit) each year or $4.21 on an earnings per share basis.
How many employees does Formula Systems (1985) have?: The company employs 22,059 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 10/1/2023 by MarketBeat.com Staff

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