Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,800 shares, an increase of 800.0% from the September 15th total of 200 shares. Based on an average daily volume of 600 shares, the short-interest ratio is currently 3.0 days. Currently, 0.0% of the company's shares are short sold.
Formula Systems (1985) Stock Down 5.4 %
Shares of Formula Systems (1985) stock traded down $4.24 on Thursday, reaching $74.22. 240 shares of the company were exchanged, compared to its average volume of 683. The stock's 50 day moving average price is $76.08 and its 200-day moving average price is $76.79. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.37. Formula Systems has a 1-year low of $55.97 and a 1-year high of $87.10. The company has a market cap of $1.14 billion, a P/E ratio of 17.59 and a beta of 1.11.
Formula Systems (1985) (NASDAQ:FORTY - Get Free Report) last posted its earnings results on Tuesday, August 20th. The technology company reported $1.20 earnings per share for the quarter. The firm 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 dividend of $0.63 per share. This represents a dividend yield of 1.2%. This is an increase from Formula Systems (1985)'s previous Semi-Annual dividend of $0.45. The ex-dividend date of this dividend was Thursday, September 12th. Formula Systems (1985)'s dividend payout ratio (DPR) is presently 21.09%.
Institutional Trading of Formula Systems (1985)
An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY - Free Report) by 52.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,711 shares of the technology company's stock after buying an additional 2,303 shares during the period. Altshuler Shaham Ltd's holdings in Formula Systems (1985) were worth $478,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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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