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

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) Stock Performance

Shares of NASDAQ:FORTY opened at $103.85 on Tuesday. Formula Systems has a 1-year low of $83.44 and a 1-year high of $142.00. The company has a market cap of $1.59 billion, a PE ratio of 27.69 and a beta of 1.01. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $97.44 and a two-hundred day moving average of $99.48.

Formula Systems (1985) (NASDAQ:FORTY - Get Rating) last posted its quarterly earnings results on Wednesday, May 18th. The technology company reported $1.05 earnings per share for the quarter. The business 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%.