Formula Systems (1985) Ltd. (NASDAQ:FORTY) Short Interest Update

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 700 shares, a drop of 36.4% from the May 15th total of 1,100 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 700 shares, the short-interest ratio is presently 1.0 days.

Formula Systems (1985) Stock Up 0.2%

Formula Systems (1985) stock traded up $0.19 during midday trading on Tuesday, hitting $110.43. The stock had a trading volume of 1,387 shares, compared to its average volume of 921. The business has a fifty day moving average price of $96.80 and a 200 day moving average price of $93.52. Formula Systems has a 12 month low of $69.28 and a 12 month high of $112.95. The stock has a market cap of $1.69 billion, a P/E ratio of 22.91 and a beta of 0.93. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

Formula Systems (1985) (NASDAQ:FORTY) last released its earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The firm had revenue of $754.68 million during the quarter.

Formula Systems (1985) Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, August 1st. Investors of record on Monday, July 7th will be given a dividend of $0.9728 per share. The ex-dividend date is Monday, July 7th. This represents a yield of 1%. This is a positive change from Formula Systems (1985)’s previous semi-annual dividend of $0.69. Formula Systems (1985)’s payout ratio is currently 11.88%.

Hedge Funds Weigh In On Formula Systems (1985)

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,385 shares of the technology company’s stock after buying an additional 450 shares during the period. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 34.76% of the company’s stock.

About Formula Systems (1985)

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.