Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) shares gapped up before the market opened on Wednesday . The stock had previously closed at $83.80, but opened at $87.70. Formula Systems (1985) shares last traded at $84.19, with a volume of 1,596 shares trading hands.
Formula Systems (1985) Stock Performance
The business has a fifty day moving average of $92.82 and a 200 day moving average of $88.36. The company has a market cap of $1.34 billion, a P/E ratio of 18.11 and a beta of 1.02. The company has a quick ratio of 1.38, a current ratio of 1.41 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 business had revenue of $691.50 million during 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 business 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 $0.6855 dividend. The ex-dividend date is Wednesday, April 30th. This is a positive change from Formula Systems (1985)'s previous semi-annual dividend of $0.63. This represents a yield of 1%. Formula Systems (1985)'s dividend payout ratio (DPR) is 26.92%.
Institutional Inflows and Outflows
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) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is currently 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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