Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $78.00, but opened at $82.00. Formula Systems (1985) shares last traded at $82.00, with a volume of 460 shares.
Formula Systems (1985) Trading Up 5.1 %
The company has a market cap of $1.26 billion, a P/E ratio of 19.43 and a beta of 1.11. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $76.90 and a 200-day moving average price of $76.70.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The technology company reported $1.20 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.21% and a net margin of 2.53%. The business had revenue of $667.68 million for the quarter.
Formula Systems (1985) Increases Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.63 per share. This is a boost from Formula Systems (1985)'s previous Semi-Annual dividend of $0.45. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 1.2%. Formula Systems (1985)'s dividend payout ratio (DPR) is presently 21.09%.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 52.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,711 shares of the technology company's stock after purchasing an additional 2,303 shares during the quarter. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $478,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 34.76% of the company's stock.
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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