Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price was up 3.9% on Tuesday . The company traded as high as $87.70 and last traded at $87.03. Approximately 1,247 shares changed hands during trading, an increase of 42% from the average daily volume of 877 shares. The stock had previously closed at $83.80.
Formula Systems (1985) Stock Performance
The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The company has a market cap of $1.32 billion, a PE ratio of 17.85 and a beta of 1.02. The company's 50 day moving average price is $92.82 and its 200-day moving average price is $88.36.
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. 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 firm 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 dividend of $0.6855 per share. The ex-dividend date is Wednesday, April 30th. This is an increase 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 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) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,772 shares of the technology company's stock, valued at approximately $222,000. 34.76% of the stock is owned by 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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