Formula Systems (1985) (NASDAQ:FORTY) Sees Strong Trading Volume - Should You Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 927 shares were traded during mid-day trading, an increase of 2% from the previous session's volume of 910 shares.The stock last traded at $88.43 and had previously closed at $86.70.

Formula Systems (1985) Price Performance

The company's fifty day moving average is $91.21 and its two-hundred day moving average is $88.76. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 18.69 and a beta of 1.02.

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released 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 during the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.

Formula Systems (1985) Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.6855 per share. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.63. The ex-dividend date is Wednesday, April 30th. This represents a yield of 1%. Formula Systems (1985)'s payout ratio is 26.92%.

Hedge Funds Weigh In On Formula Systems (1985)

A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd increased its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 SEC. 34.76% of the stock is owned by hedge funds and other institutional investors.

About Formula Systems (1985)

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.