Mount Yale Investment Advisors LLC decreased its position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 3.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,367 shares of the technology company’s stock after selling 162 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Formula Systems (1985) were worth $388,000 as of its most recent SEC filing.
Separately, TFG Advisers LLC lifted its stake in shares of Formula Systems (1985) by 9.9% in the 4th quarter. TFG Advisers LLC now owns 5,948 shares of the technology company’s stock valued at $508,000 after purchasing an additional 536 shares during the period. 0.15% of the stock is owned by institutional investors and hedge funds.
Separately, TheStreet raised Formula Systems (1985) from a “c+” rating to a “b-” rating in a research note on Monday, April 19th.
Formula Systems (1985) (NASDAQ:FORTY) last posted its quarterly earnings results on Wednesday, March 17th. The technology company reported $0.76 earnings per share for the quarter. The company had revenue of $543.24 million for the quarter. Formula Systems (1985) had a return on equity of 4.93% and a net margin of 2.44%.
The firm also recently disclosed a semi-annual dividend, which was paid on Wednesday, February 17th. Investors of record on Friday, January 1st were paid a dividend of $0.4781 per share. This represents a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, February 17th. This is an increase from Formula Systems (1985)’s previous semi-annual dividend of $0.37.
Formula Systems (1985) Profile
Formula Systems (1985) Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services in Israel and internationally. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; database and big data services; 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 professional training courses and advanced professional studies.
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