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

Formula Systems (1985)'s stock was trading at $70.89 at the start of the year. Since then, FORTY stock has decreased by 4.0% and is now trading at $68.0357.
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Formula Systems (1985) saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,000 shares, a decrease of 16.7% from the April 30th total of 1,200 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 2.5 days. Approximately 0.0% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
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Formula Systems (1985) Ltd. (NASDAQ:FORTY) issued its earnings results on Thursday, March, 16th. The technology company reported $1.00 earnings per share for the quarter. The technology company earned $633.88 million during the quarter. Formula Systems (1985) had a trailing twelve-month return on equity of 6.92% and a net margin of 3.13%.

Formula Systems (1985) announced 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 dividend yield of 1.5%. The ex-dividend date is Friday, June 2nd.
Read our dividend analysis for FORTY.

Formula Systems (1985) (NASDAQ:FORTY) pays an annual dividend of $0.89 per share and currently has a dividend yield of 1.30%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.05%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FORTY.

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

Formula Systems (1985)'s stock is owned by a variety of institutional and retail investors. Top institutional investors include Altshuler Shaham Ltd (0.09%) and UBS Group AG (0.00%).

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.
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One share of FORTY stock can currently be purchased for approximately $68.04.

Formula Systems (1985) (NASDAQ:FORTY) has a market capitalization of $1.04 billion and generates $2.59 billion in revenue each year. The technology company earns $81.39 million in net income (profit) each year or $5.22 on an earnings per share basis.

The company employs 22,059 workers across the globe.

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.