Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,521 shares were traded during mid-day trading, an increase of 80% from the previous session's volume of 844 shares.The stock last traded at $87.21 and had previously closed at $89.94.
Formula Systems (1985) Trading Up 2.2 %
The stock has a market capitalization of $1.38 billion, a PE ratio of 18.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The company's 50 day moving average price is $93.26 and its two-hundred day moving average price is $87.81.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share for the quarter. The firm 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. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.6855 per share. The ex-dividend date is Wednesday, April 30th. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.63. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio is 26.92%.
Hedge Funds Weigh In On Formula Systems (1985)
An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC purchased a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is currently owned by institutional investors.
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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