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NASDAQ:FORTY

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

$103.85
0.00 (0.00%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$103.85
$103.85
50-Day Range
$83.44
$106.00
52-Week Range
$83.44
$142.00
Volume
418 shs
Average Volume
1,005 shs
Market Capitalization
$1.59 billion
P/E Ratio
27.69
Dividend Yield
1.07%
Price Target
N/A

Formula Systems (1985) MarketRank™ Forecast

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.01% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.22mentions of Formula Systems (1985) in the last 14 days
Based on 6 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.

2.29 out of 5 stars

Computer And Technology Sector

316th out of 664 stocks

Custom Computer Programming Services Industry

14th out of 30 stocks

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) 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%.

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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
8/16/2022
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
$11.55 per share
Book Value
$77.14 per share

Miscellaneous

Free Float
11,730,000
Market Cap
$1.59 billion
Optionable
Not Optionable
Beta
1.01

Key Executives

  • Mr. Guy Bernstein (Age 54)
    Chief Exec. Officer
    Comp: $2.35M
  • Mr. Asaf Berenstin (Age 44)
    Chief Financial Officer
    Comp: $125k
  • Ms. Maya Solomon-Ella (Age 44)
    Chief Operational Officer
    Comp: $289k













FORTY Stock - Frequently Asked Questions

How have FORTY shares 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 16.2% and is now trading at $103.85.
View the best growth stocks for 2022 here
.

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

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

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 Friday, March 18th. Shareholders of record on Tuesday, April 12th will be paid 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 1.07%. 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 many different institutional and retail investors. Top institutional investors include FMR LLC (0.12%) and 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 $103.85.

How much money does Formula Systems (1985) make?

Formula Systems (1985) (NASDAQ:FORTY) has a market capitalization of $1.59 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?

The company 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 8/16/2022 by MarketBeat.com Staff

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