Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw strong trading volume on Wednesday . 756 shares were traded during mid-day trading, a decline of 16% from the previous session's volume of 898 shares.The stock last traded at $86.33 and had previously closed at $87.29.
Formula Systems (1985) Trading Down 1.2 %
The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $91.83 and a 200-day moving average price of $88.60. The company has a market cap of $1.32 billion, a P/E ratio of 17.89 and a beta of 1.02.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The business had revenue of $691.50 million during the quarter.
Formula Systems (1985) Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. This represents a yield of 1%. The ex-dividend date is Wednesday, April 30th. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.63. Formula Systems (1985)'s dividend payout ratio is currently 26.92%.
Institutional Investors Weigh In On Formula Systems (1985)
A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,772 shares of the technology company's stock, valued at approximately $222,000. Institutional investors own 34.76% of the company's stock.
About Formula Systems (1985)
(
Get Free Report)
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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