Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $87.29, but opened at $84.52. Formula Systems (1985) shares last traded at $84.52, with a volume of 106 shares.
Formula Systems (1985) Stock Performance
The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average price of $91.83 and a two-hundred day moving average price of $88.52. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 17.57 and a beta of 1.02.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. The company 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 company also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 1%. 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%.
Hedge Funds Weigh In On Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter. Institutional investors own 34.76% of the company's stock.
About Formula Systems (1985)
(
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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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