Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $87.50, but opened at $78.90. Formula Systems (1985) shares last traded at $78.90, with a volume of 705 shares.
Formula Systems (1985) Stock Down 9.0 %
The stock has a market capitalization of $1.22 billion, a PE ratio of 18.47 and a beta of 1.09. The firm's fifty day moving average is $79.07 and its 200-day moving average is $77.47. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.19.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.20 EPS for the quarter. Formula Systems (1985) had a net margin of 2.53% and a return on equity of 5.21%. The firm had revenue of $667.68 million during the quarter.
Formula Systems (1985) Increases Dividend
The business also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, September 12th. This is a positive change from Formula Systems (1985)'s previous Semi-Annual dividend of $0.45. This represents a dividend yield of 1.2%. Formula Systems (1985)'s dividend payout ratio is 20.88%.
Institutional Trading of Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 52.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,711 shares of the technology company's stock after purchasing an additional 2,303 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $478,000 at the end of the most recent reporting period. 34.76% of the stock is currently owned by hedge funds and other institutional investors.
Formula Systems (1985) Company Profile
(
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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