Formula Systems (1985) (NASDAQ:FORTY) Stock Crosses Above 200-Day Moving Average of $67.56

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $67.56 and traded as high as $74.60. Formula Systems (1985) shares last traded at $74.60, with a volume of 222 shares changing hands.

Formula Systems (1985) Trading Down 0.5 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.35. The business has a 50-day moving average of $76.74 and a 200-day moving average of $67.56. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 18.06 and a beta of 1.08.

Formula Systems (1985) (NASDAQ:FORTY) last released its earnings results on Tuesday, March 19th. The technology company reported $1.01 earnings per share (EPS) for the quarter. The business had revenue of $640.29 million for the quarter. Formula Systems (1985) had a return on equity of 5.17% and a net margin of 2.44%.

Formula Systems (1985) Dividend Announcement

The firm also recently declared a Variable dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.63 per share. This represents a yield of 1.1%. The ex-dividend date is Wednesday, April 3rd. Formula Systems (1985)’s dividend payout ratio (DPR) is presently 22.03%.

Hedge Funds Weigh In On Formula Systems (1985)

A number of institutional investors have recently bought and sold shares of FORTY. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Formula Systems (1985) during the fourth quarter worth approximately $53,581,000. Altshuler Shaham Ltd boosted its holdings in shares of Formula Systems (1985) by 6.3% during the fourth quarter. Altshuler Shaham Ltd now owns 14,251 shares of the technology company’s stock worth $945,000 after acquiring an additional 850 shares during the period. Finally, TFG Advisers LLC boosted its holdings in shares of Formula Systems (1985) by 10.7% during the third quarter. TFG Advisers LLC now owns 7,529 shares of the technology company’s stock worth $566,000 after acquiring an additional 730 shares during the period. Institutional investors and hedge funds own 34.76% of the company’s stock.

Formula Systems (1985) Company Profile

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.