Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,000 shares, a drop of 44.4% from the February 28th total of 1,800 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the shares of the stock are sold short.
Formula Systems (1985) Price Performance
Shares of FORTY traded down $3.14 during midday trading on Tuesday, hitting $86.31. 1,589 shares of the company traded hands, compared to its average volume of 853. The stock has a 50-day moving average of $93.35 and a 200-day moving average of $87.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. Formula Systems has a one year low of $69.07 and a one year high of $100.00. The firm has a market cap of $1.32 billion, a P/E ratio of 17.91 and a beta of 1.10.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. The business had revenue of $691.50 million for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.
Formula Systems (1985) Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. This represents a yield of 1%. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.63. The ex-dividend date of this dividend is Wednesday, April 30th. Formula Systems (1985)'s payout ratio is presently 26.92%.
Institutional Trading of Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,385 shares of the technology company's stock after acquiring an additional 450 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $536,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 34.76% of the company's stock.
About Formula Systems (1985)
(
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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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