NASDAQ:FORTYFormula Systems (1985) Stock Price, Forecast & News

$78.29

+1.30 (+1.69 %)

(As of 06/1/2020 02:11 PM ET)

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Today's Range

$76.97

Now: $78.29▼

$78.29

50-Day Range

$60.21

MA: $67.40▼

$76.08

52-Week Range

$36.75

Now: $78.29▼

$78.78

Volume51 shs

Average Volume718 shs

Market Capitalization$1.20 billion

P/E Ratio30.46

Dividend Yield0.85%

Beta1.16

Formula Systems (1985) Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; database and big data services; 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 professional training courses and advanced professional studies. It also markets and sells computers and peripheral equipment to business customers. In addition, the company offers life, pension, and annuities platforms/solutions, including Sapiens ALIS, LifeSuite, Life Portraits, LifeApply, Sapiens INSIGHT, and Sapiens Closed Books; property and casualty/general insurance platforms/solutions, such as Sapiens IDIT, Adaptik Policy, Adaptik Billing, Stream Claim, Sapiens Stingray, PowerSuite, and CompSuite; and reinsurance software solutions comprising Sapiens Reinsurance, Freedom Reinsurance System, and Universal Reinsurance System. Further, it provides financial and compliance solutions that include eFreedom Annual Statement, PRO Financial General Ledger and Accounts Payable, Preferred Tax Enterprise Financial applications, Insurance Financial reporting, and Power2Play; Sapiens DECISION, a decision management platform; and technology-based solutions and digital insurance suites. Additionally, the company offers application development and business process integration platforms; vertical software solutions; vendor of software services and IT outsourcing software services; and professionals in various areas, as well as develops on-premise payroll software solutions. The company was founded in 1985 and is headquartered in Or Yehuda, Israel.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

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

2.2 Community Rank

Outperform Votes
Formula Systems (1985) has received 82 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Formula Systems (1985) has received 101 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Formula Systems (1985) has received 55.19% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Formula Systems (1985) and other stocks. Vote “Outperform” if you believe FORTY will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FORTY will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Leadership
Formula Systems (1985) is a leading dividend payer. It pays a dividend yield of 0.85%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Formula Systems (1985) has only been increasing its dividend for 2 years.

0.0 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
Only 23.30% of the stock of Formula Systems (1985) is held by insiders.
Percentage Held by Institutions
Only 0.17% of the stock of Formula Systems (1985) is held by institutions.

0.6 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Formula Systems (1985) is 30.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of Formula Systems (1985) is 30.46, 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 40.33.
Price to Book Value per Share Ratio
Formula Systems (1985) has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

0.90 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Custom computer programming services

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:FORTY

Previous Symbol

CUSIPN/A

CIK1045986

Webwww.formulasystems.com

Phone972-3538-9487

Debt

Debt-to-Equity Ratio0.48

Current Ratio1.44

Quick Ratio1.43

Price-To-Earnings

Trailing P/E Ratio30.46

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.70 billion

Price / Sales0.70

Cash Flow$5.32 per share

Price / Cash Flow14.73

Book Value$58.62 per share

Price / Book1.34

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$38.82 million

Net Margins2.24%

Return on Equity4.52%

Return on Assets1.94%

Miscellaneous

Employees15,101

Outstanding Shares15,290,000

Market Cap$1.20 billion

Next Earnings Date8/17/2020 (Estimated)

OptionableNot Optionable

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Formula Systems (1985) (NASDAQ:FORTY) Frequently Asked Questions

How has Formula Systems (1985)'s stock been impacted by COVID-19 (Coronavirus)?

Formula Systems (1985)'s stock was trading at $49.20 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, FORTY shares have increased by 59.1% and is now trading at $78.29. View which stocks have been most impacted by Coronavirus.

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

Formula Systems (1985) is scheduled to release its next quarterly earnings announcement on Monday, August 17th 2020. View our earnings forecast for Formula Systems (1985).

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

Formula Systems (1985) Ltd. (NASDAQ:FORTY) announced its quarterly earnings data on Tuesday, March, 17th. The technology company reported $0.64 earnings per share for the quarter. The technology company earned $448.21 million during the quarter. Formula Systems (1985) had a net margin of 2.24% and a return on equity of 4.52%. View Formula Systems (1985)'s earnings history.

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

Formula Systems (1985) announced a dividend on Tuesday, November 19th. Investors of record on Tuesday, December 24th will be paid a dividend of $0.325 per share on Monday, January 1st. The ex-dividend date is Monday, December 23rd. This is an increase from Formula Systems (1985)'s previous dividend of $0.24. View Formula Systems (1985)'s dividend history.

Has Formula Systems (1985) been receiving favorable news coverage?

News articles about FORTY stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Formula Systems (1985) earned a news impact score of 1.0 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutFormula Systems (1985).

Who are some of Formula Systems (1985)'s key competitors?

Some companies that are related to Formula Systems (1985) include Endava (DAVA), PROS (PRO), Glu Mobile (GLUU), Sogou (SOGO), Perficient (PRFT), Virtusa (VRTU), Monotype Imaging (TYPE), PDF Solutions (PDFS), AGM Group (AGMH), Computer Programs & Systems (CPSI), Perion Network (PERI), Synchronoss Technologies (SNCR), Innovative Solutions & Support (ISSC), RealNetworks (RNWK) and Computer Task Group (CTG). View all competitors.

Who are Formula Systems (1985)'s key executives?

Formula Systems (1985)'s management team includes the following people:

Mr. Guy Bernstein, Chief Exec. officer (Age 51)
Ms. Maya Solomon-Ella, Chief Operational Officer (Age 41)
Mr. Asaf Berenstin, Chief Financial Officer (Age 41)

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 shareholders include Jane Street Group LLC (0.04%), Mount Yale Investment Advisors LLC (0.04%) and TFG Advisers LLC (0.03%).

Which major investors are selling Formula Systems (1985) stock?

FORTY stock was sold by a variety of institutional investors in the last quarter, including Mount Yale Investment Advisors LLC.

Which major investors are buying Formula Systems (1985) stock?

FORTY stock was purchased by a variety of institutional investors in the last quarter, including Jane Street Group LLC, and TFG Advisers LLC.

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

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

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

One share of FORTY stock can currently be purchased for approximately $78.29.

How big of a company is Formula Systems (1985)?

Formula Systems (1985) has a market capitalization of $1.20 billion and generates $1.70 billion in revenue each year. Formula Systems (1985) employs 15,101 workers across the globe.

What is Formula Systems (1985)'s official website?

The official website for Formula Systems (1985) is www.formulasystems.com.

How can I contact Formula Systems (1985)?

Formula Systems (1985)'s mailing address is 5 HAPLADA STREET, OR YEHUDA L3, 6021805. The technology company can be reached via phone at 972-3538-9487 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff