Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,700 shares, a growth of 30.8% from the October 15th total of 1,300 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 4.3 days.
Formula Systems (1985) Stock Performance
Shares of NASDAQ FORTY traded down $0.45 during trading on Friday, reaching $80.05. The stock had a trading volume of 502 shares, compared to its average volume of 606. Formula Systems has a one year low of $58.29 and a one year high of $87.70. The firm's 50 day moving average price is $79.35 and its two-hundred day moving average price is $77.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.37 and a current ratio of 1.40. The stock has a market cap of $1.23 billion, a PE ratio of 18.57 and a beta of 1.09.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.20 EPS for the quarter. Formula Systems (1985) had a net margin of 2.53% and a return on equity of 5.21%. The firm had revenue of $667.68 million for the quarter.
Formula Systems (1985) Increases Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a $0.63 dividend. This is a boost from Formula Systems (1985)'s previous Semi-Annual dividend of $0.45. This represents a yield of 1.2%. The ex-dividend date was Thursday, September 12th. Formula Systems (1985)'s dividend payout ratio is currently 20.88%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its holdings in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 52.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,711 shares of the technology company's stock after buying an additional 2,303 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $478,000 at the end of the most recent quarter. Institutional investors own 34.76% of the company's stock.
Formula Systems (1985) Company Profile
(
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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.
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