Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares traded down 4.6% during mid-day trading on Wednesday . The company traded as low as $87.22 and last traded at $85.30. 1,801 shares changed hands during trading, an increase of 112% from the average session volume of 850 shares. The stock had previously closed at $89.45.
Formula Systems (1985) Stock Down 0.0 %
The stock has a market capitalization of $1.29 billion, a PE ratio of 17.46 and a beta of 1.02. 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 business has a 50 day moving average of $93.26 and a two-hundred day moving average of $87.91.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 EPS 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 firm also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.63. Formula Systems (1985)'s dividend payout ratio (DPR) is 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 bought a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors and hedge funds.
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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