Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $74.22, but opened at $76.61. Formula Systems (1985) shares last traded at $76.61, with a volume of 117 shares traded.
Formula Systems (1985) Stock Performance
The company's 50 day simple moving average is $76.52 and its 200 day simple moving average is $76.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.37 and a current ratio of 1.40. The stock has a market cap of $1.18 billion, a PE ratio of 18.23 and a beta of 1.11.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last released its earnings results on Tuesday, August 20th. The technology company reported $1.20 earnings per share (EPS) for the quarter. The company had revenue of $667.68 million during the quarter. Formula Systems (1985) had a return on equity of 5.21% and a net margin of 2.53%.
Formula Systems (1985) Increases Dividend
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.63 dividend. The ex-dividend date was Thursday, September 12th. This is a boost from Formula Systems (1985)'s previous Semi-Annual dividend of $0.45. This represents a dividend yield of 1.2%. Formula Systems (1985)'s payout ratio is 21.09%.
Hedge Funds Weigh In On Formula Systems (1985)
A hedge fund recently raised its stake in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its holdings in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 52.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,711 shares of the technology company's stock after acquiring an additional 2,303 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $478,000 at the end of the most recent quarter. Institutional investors own 34.76% of the company's stock.
Formula Systems (1985) Company Profile
(
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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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