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

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.

Key Stats

• Today's Range: $82.73 to $82.73
• 50-Day Range: $70.52 to $87.50
• 52-Week Range: $58.29 to $87.70
• Volume: 127 shs
• Average Volume: 600 shs
• Market Capitalization: $1.27 billion
• P/E Ratio: 19.19
• Dividend Yield: 1.09%
• Price Target: N/A
• Consensus Rating: N/A

Formula Systems (1985) Stock Analysis - MarketRank™

Formula Systems (1985) scored higher than 45% of companies evaluated by MarketBeat, and ranked 475th out of 649 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Formula Systems (1985).

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Formula Systems (1985) is 19.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Formula Systems (1985) is 19.19, 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 230.07.

Price to Book Value per Share Ratio

Formula Systems (1985) has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

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 4.3.

Change versus previous month

Short interest in Formula Systems (1985) has recently increased by 30.77%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Formula Systems (1985) pays a meaningful dividend of 1.08%, 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%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

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 4.3.

Change versus previous month

Short interest in Formula Systems (1985) has recently increased by 30.77%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.45

News Sentiment

Formula Systems (1985) has a news sentiment score of 1.45. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Formula Systems (1985) this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

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.

FORTY Stock Analysis - Frequently Asked Questions

How have FORTY shares performed this year?

Formula Systems (1985)'s stock was trading at $65.31 on January 1st, 2024. Since then, FORTY stock has increased by 26.7% and is now trading at $82.73.
View the best growth stocks for 2024 here.

How were Formula Systems (1985)'s earnings last quarter?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) announced its quarterly earnings results on Monday, November, 14th. The technology company reported $0.38 earnings per share for the quarter. The technology company had revenue of $285.10 million for the quarter, compared to the consensus estimate of $241.10 million. Formula Systems (1985) had a net margin of 2.53% and a trailing twelve-month return on equity of 5.21%.

Who are Formula Systems (1985)'s major shareholders?

Formula Systems (1985)'s top institutional investors include TFG Advisers LLC (0.05%) and Jane Street Group LLC (0.02%).

How do I buy shares of Formula Systems (1985)?

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: 11/14/2016
• Ex-Dividend for 9/26 Dividend: 9/12/2024
• Dividend Payable: 9/26/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 11/27/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Custom computer programming services
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:FORTY
• CUSIP: N/A
• CIK: 1045986
• Web: www.formulasystems.com
• Phone: (723) 538-9389
• Fax: 972-3538-9645
• Employees: 21,900
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): $4.31
• Trailing P/E Ratio: 19.19
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $64.01 million
• Net Margins: 2.53%
• Pretax Margin: 8.31%
• Return on Equity: 5.21%
• Return on Assets: 2.45%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 1.40
• Quick Ratio: 1.37

Sales & Book Value

• Annual Sales: $2.62 billion
• Price / Sales: 0.48
• Cash Flow: $12.13 per share
• Price / Cash Flow: 6.82
• Book Value: $85.40 per share
• Price / Book: 0.97

Miscellaneous

• Outstanding Shares: 15,320,000
• Free Float: 11,749,000
• Market Cap: $1.27 billion
• Optionable: Not Optionable
• Beta: 1.09