Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down to $74.60

Formula Systems (1985) Ltd. (NASDAQ:FORTY) gapped down prior to trading on Friday . The stock had previously closed at $74.60, but opened at $72.52. Formula Systems (1985) shares last traded at $72.52, with a volume of 141 shares changing hands.

Formula Systems (1985) Trading Up 0.3 %

The firm has a market cap of $1.15 billion, a P/E ratio of 18.06 and a beta of 1.08. The company has a 50 day moving average of $77.00 and a 200 day moving average of $67.66. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.39.

Formula Systems (1985) (NASDAQ:FORTY) last announced its earnings results on Tuesday, March 19th. The technology company reported $1.01 earnings per share (EPS) for the quarter. The firm had revenue of $640.29 million during 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 business also recently announced 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. The ex-dividend date is Wednesday, April 3rd. This represents a yield of 1.1%. Formula Systems (1985)’s payout ratio is currently 21.55%.

Institutional Investors Weigh In On Formula Systems (1985)

Large investors have recently added to or reduced their stakes in the stock. TFG Advisers LLC lifted 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 buying an additional 730 shares during the last quarter. Altshuler Shaham Ltd raised its stake in shares of Formula Systems (1985) by 6.3% in the fourth quarter. Altshuler Shaham Ltd now owns 14,251 shares of the technology company’s stock valued at $945,000 after purchasing an additional 850 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Formula Systems (1985) in the fourth quarter valued at $53,581,000. 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.