Formula Systems (1985) Ltd. (NASDAQ:FORTY) to Issue $0.45 Semi-Annual Dividend

Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Rating) declared a Semi-Annual dividend on Tuesday, May 23rd, Zacks reports. Shareholders 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 of this dividend is Friday, June 2nd.

Formula Systems (1985) Stock Up 2.1 %

Shares of Formula Systems (1985) stock opened at $69.20 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 0.36. The business’s 50 day simple moving average is $65.97 and its 200-day simple moving average is $72.33. 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 has a twelve month low of $60.29 and a twelve month high of $110.42.

Formula Systems (1985) (NASDAQ:FORTY – Get Rating) last announced its quarterly earnings results on Thursday, March 16th. The technology company reported $1.00 earnings per share 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 Trading of Formula Systems (1985)

Large investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Formula Systems (1985) by 78.8% during the 2nd quarter. FMR LLC now owns 18,409 shares of the technology company’s stock valued at $1,708,000 after purchasing an additional 8,116 shares during the period. Jane Street Group LLC increased its position in shares of Formula Systems (1985) by 466.6% during the 1st quarter. Jane Street Group LLC now owns 11,462 shares of the technology company’s stock valued at $1,154,000 after purchasing an additional 9,439 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Formula Systems (1985) by 43.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,998 shares of the technology company’s stock valued at $392,000 after purchasing an additional 1,219 shares during the period. BlackRock Inc. increased its position in shares of Formula Systems (1985) by 9.7% during the 1st quarter. BlackRock Inc. now owns 1,956 shares of the technology company’s stock valued at $197,000 after purchasing an additional 173 shares during the period. Finally, UBS Group AG bought a new stake in shares of Formula Systems (1985) during the 3rd quarter worth $119,000. 0.29% of the stock is currently owned by institutional investors and hedge funds.

About Formula Systems (1985)

(Get Rating)

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.