Short Interest in Formula Systems (1985) Ltd. (NASDAQ:FORTY) Decreases By 14.3%

Formula Systems (1985) Ltd. (NASDAQ:FORTY) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 600 shares, a decrease of 14.3% from the June 30th total of 700 shares. Based on an average daily trading volume, of 300 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Formula Systems (1985)

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,251 shares of the technology company’s stock after purchasing an additional 850 shares during the quarter. Altshuler Shaham Ltd owned about 0.09% of Formula Systems (1985) worth $945,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 34.76% of the company’s stock.

Formula Systems (1985) Stock Down 4.7 %

Shares of Formula Systems (1985) stock traded down $4.11 during trading hours on Monday, hitting $82.99. The company had a trading volume of 1,390 shares, compared to its average volume of 556. The company’s 50-day moving average is $76.27 and its two-hundred day moving average is $75.05. Formula Systems has a twelve month low of $55.97 and a twelve month high of $87.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.33 and a quick ratio of 1.30. The company has a market cap of $1.27 billion, a P/E ratio of 19.67 and a beta of 1.09.

Formula Systems (1985) (NASDAQ:FORTY) last issued its earnings results on Wednesday, May 22nd. The technology company reported $1.10 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.47% and a return on equity of 5.17%. The business had revenue of $698.40 million during the quarter.

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.