Formula Systems (1985) (NASDAQ:FORTY) Stock Price Down 7.3% - Time to Sell?

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) was down 7.3% on Thursday . The stock traded as low as $87.99 and last traded at $84.14. Approximately 833 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 836 shares. The stock had previously closed at $90.73.

Formula Systems (1985) Price Performance

The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 18.01 and a beta of 1.10. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The stock's 50 day simple moving average is $93.38 and its two-hundred day simple moving average is $87.49.

Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The firm had revenue of $691.50 million during the quarter.

Formula Systems (1985) Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be given a $0.6855 dividend. This represents a yield of 1%. This is a boost from Formula Systems (1985)'s previous semi-annual dividend of $0.63. The ex-dividend date of this dividend is Wednesday, April 30th. Formula Systems (1985)'s dividend payout ratio is 26.92%.

Hedge Funds 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 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.

Formula Systems (1985) Company Profile

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.