Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $88.42, but opened at $91.22. Formula Systems (1985) shares last traded at $90.10, with a volume of 429 shares trading hands.
Formula Systems (1985) Price Performance
The company's 50 day moving average price is $90.84 and its 200-day moving average price is $89.08. The stock has a market cap of $1.33 billion, a P/E ratio of 18.02 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 earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%. The business had revenue of $691.50 million during the quarter.
Formula Systems (1985) Increases Dividend
The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.6855 per share. This represents a yield of 1%. The ex-dividend date is Wednesday, April 30th. This is an increase from Formula Systems (1985)'s previous semi-annual dividend of $0.63. 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 acquired a new stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,772 shares of the technology company's stock, valued at approximately $222,000. Institutional investors and hedge funds own 34.76% of the company's stock.
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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