Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 4,789 shares were traded during mid-day trading, an increase of 472% from the previous session's volume of 837 shares.The stock last traded at $87.29 and had previously closed at $93.75.
Formula Systems (1985) Stock Down 3.8 %
The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 17.94 and a beta of 1.10. The firm has a 50-day moving average of $93.38 and a 200 day moving average of $87.40. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 EPS 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 disclosed 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 of this dividend is Wednesday, April 30th. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.63. This represents a yield of 1%. Formula Systems (1985)'s payout ratio is currently 26.92%.
Hedge Funds 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 shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors.
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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