Formula Systems (1985) Ltd. (NASDAQ:FORTY) Sees Significant Decrease in Short Interest

Formula Systems (1985) Ltd. (NASDAQ:FORTY) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 1,000 shares, a drop of 44.4% from the February 28th total of 1,800 shares. Based on an average daily trading volume, of 800 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC purchased a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,772 shares of the technology company’s stock, valued at approximately $222,000. Institutional investors own 34.76% of the company’s stock.

Formula Systems (1985) Stock Performance

Formula Systems (1985) stock traded down $3.46 on Friday, hitting $86.48. The company’s stock had a trading volume of 1,521 shares, compared to its average volume of 849. Formula Systems has a one year low of $69.07 and a one year high of $100.00. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.33 billion, a P/E ratio of 17.94 and a beta of 1.10. The company has a fifty day moving average price of $93.38 and a 200-day moving average price of $87.40.

Formula Systems (1985) (NASDAQ:FORTY) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. The company had revenue of $691.50 million during the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.

Formula Systems (1985) Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be given a $0.6855 dividend. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Formula Systems (1985)’s previous semi-annual dividend of $0.63. Formula Systems (1985)’s dividend payout ratio (DPR) is presently 26.92%.

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.