Formula Systems (1985) (NASDAQ:FORTY) Shares Down 4.6% – What’s Next?

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price was down 4.6% during mid-day trading on Wednesday . The company traded as low as $87.22 and last traded at $85.30. 1,801 shares were traded during trading, an increase of 112% from the average daily volume of 850 shares. The stock had previously closed at $89.45.

Formula Systems (1985) Price Performance

The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.32 billion, a PE ratio of 17.90 and a beta of 1.10. The business has a fifty day moving average of $93.28 and a 200-day moving average of $87.62.

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

Formula Systems (1985) Increases Dividend

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

Institutional Investors Weigh In On 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) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,772 shares of the technology company’s stock, valued at approximately $222,000. Hedge funds and other institutional investors 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.