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NASDAQ:FORTY

Formula Systems (1985) (FORTY) Stock Price, News & Analysis

Formula Systems (1985) logo
$86.56
+2.12 (+2.51%)
(As of 12:19 PM ET)

About Formula Systems (1985) Stock (NASDAQ:FORTY)

Key Stats

Today's Range
$85.27
$86.56
50-Day Range
$70.52
$86.98
52-Week Range
$57.15
$87.50
Volume
967 shs
Average Volume
698 shs
Market Capitalization
$1.33 billion
P/E Ratio
20.08
Dividend Yield
1.04%
Price Target
N/A
Consensus Rating
N/A

Company Overview

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. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and application and professional training courses, and advanced professional studies. In addition, the company offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, and IDIT Go; life, pension, and annuities platforms, including Sapiens, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; Sapiens Cloud-based DigitalSuite; data and analytics platform; and reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO. Further, it provides Sapiens workers' compensation solutions; Sapiens medical professional liability solutions; financial and compliance solutions, such as Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; Sapiens Decision; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

Formula Systems (1985) Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
51st Percentile Overall Score

FORTY MarketRank™: 

Formula Systems (1985) scored higher than 51% of companies evaluated by MarketBeat, and ranked 411th out of 663 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Formula Systems (1985) is 19.59, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.91.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Formula Systems (1985) is 19.59, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 243.07.

  • Price to Book Value per Share Ratio

    Formula Systems (1985) has a P/B Ratio of 0.99. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Formula Systems (1985)'s valuation and earnings.
  • Percentage of Shares Shorted

    0.01% of the float of Formula Systems (1985) has been sold short.
  • Short Interest Ratio / Days to Cover

    Formula Systems (1985) has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Formula Systems (1985) has recently decreased by 27.78%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Formula Systems (1985) pays a meaningful dividend of 1.05%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Formula Systems (1985) does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Formula Systems (1985) is 20.88%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Read more about Formula Systems (1985)'s dividend.
  • Percentage of Shares Shorted

    0.01% of the float of Formula Systems (1985) has been sold short.
  • Short Interest Ratio / Days to Cover

    Formula Systems (1985) has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Formula Systems (1985) has recently decreased by 27.78%, indicating that investor sentiment is improving significantly.
  • MarketBeat Follows

    1 people have added Formula Systems (1985) to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Formula Systems (1985) insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    23.30% of the stock of Formula Systems (1985) is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 34.76% of the stock of Formula Systems (1985) is held by institutions.

  • Read more about Formula Systems (1985)'s insider trading history.
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FORTY Stock News Headlines

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Donald Trump wants to be America’s first crypto president. He was the keynote speaker at the recent Bitcoin conference in Nashville … Where he told an adoring crowd that the U.S. would become … “The crypto capital of the planet and the Bitcoin superpower of the world.”
Three Undiscovered Gems To Enhance Your Portfolio
See More Headlines

FORTY Stock Analysis - Frequently Asked Questions

Formula Systems (1985)'s stock was trading at $65.31 at the beginning of 2024. Since then, FORTY stock has increased by 29.3% and is now trading at $84.44.
View the best growth stocks for 2024 here
.

Formula Systems (1985) Ltd. (NASDAQ:FORTY) issued its quarterly earnings results on Tuesday, August, 20th. The technology company reported $1.20 earnings per share (EPS) for the quarter. The technology company earned $667.68 million during the quarter. Formula Systems (1985) had a trailing twelve-month return on equity of 5.21% and a net margin of 2.53%.

Top institutional investors of Formula Systems (1985) include TFG Advisers LLC (0.05%).

Shares of FORTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

Last Earnings
8/20/2024
Ex-Dividend for 9/26 Dividend
9/12/2024
Dividend Payable
9/26/2024
Today
11/04/2024
Next Earnings (Estimated)
11/27/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
Computer Software
Current Symbol
NASDAQ:FORTY
Employees
21,900
Year Founded
N/A

Profitability

Net Income
$64.01 million
Pretax Margin
8.31%

Debt

Sales & Book Value

Annual Sales
$2.62 billion
Cash Flow
$12.03 per share
Book Value
$85.40 per share

Miscellaneous

Free Float
11,749,000
Market Cap
$1.29 billion
Optionable
Not Optionable
Beta
1.09
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This page (NASDAQ:FORTY) was last updated on 11/4/2024 by MarketBeat.com Staff
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