Formula Systems (1985) Ltd. (FORTY) to Issue Semi-Annual Dividend of $0.45 on July 3rd

Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Rating) announced a Semi-Annual dividend on Tuesday, May 23rd, Zacks reports. Stockholders of record on Monday, June 5th will be given a dividend of 0.446 per share by the technology company on Monday, July 3rd. The ex-dividend date is Friday, June 2nd.

Formula Systems (1985) Price Performance

FORTY stock opened at $69.20 on Thursday. Formula Systems has a 52-week low of $60.29 and a 52-week high of $110.42. The stock’s fifty day simple moving average is $65.97 and its 200-day simple moving average is $72.33. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.26 and a beta of 1.05.

Formula Systems (1985) (NASDAQ:FORTY – Get Rating) last posted its quarterly earnings data on Thursday, March 16th. The technology company reported $1.00 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 6.96% and a net margin of 3.13%. The business had revenue of $633.88 million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG acquired a new position in Formula Systems (1985) in the third quarter valued at $119,000. BlackRock Inc. boosted its holdings in Formula Systems (1985) by 9.7% in the first quarter. BlackRock Inc. now owns 1,956 shares of the technology company’s stock valued at $197,000 after acquiring an additional 173 shares during the last quarter. Jane Street Group LLC acquired a new position in Formula Systems (1985) in the third quarter valued at $294,000. Dimensional Fund Advisors LP boosted its holdings in Formula Systems (1985) by 7.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,303 shares of the technology company’s stock valued at $305,000 after acquiring an additional 286 shares during the last quarter. Finally, FMR LLC boosted its holdings in Formula Systems (1985) by 78.8% in the second quarter. FMR LLC now owns 18,409 shares of the technology company’s stock valued at $1,708,000 after acquiring an additional 8,116 shares during the last quarter. Institutional investors and hedge funds own 0.29% of the company’s stock.

Formula Systems (1985) Company Profile

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Formula Systems (1985) Ltd. engages in the provision of software solutions and IT professional services. It operates through the following segments: Matrix, Sapiens, Magic Software, and Other. The company was founded on April 2, 1985 and is headquartered in Or Yehuda, Israel.