Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Free Report) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 122 shares, a growth of 69.4% from the July 30th total of 72 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 388 shares, the short-interest ratio is presently 0.3 days.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Formula Systems (1985) in a research note on Thursday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.
Read Our Latest Report on FORTY
Hedge Funds Weigh In On Formula Systems (1985)
Formula Systems (1985) Price Performance
NASDAQ:FORTY remained flat at $125.72 during trading hours on Monday. The company had a trading volume of 30 shares, compared to its average volume of 367. The stock has a fifty day simple moving average of $110.22 and a two-hundred day simple moving average of $122.22. Formula Systems has a fifty-two week low of $102.01 and a fifty-two week high of $190.56. The stock has a market capitalization of $1.93 billion, a P/E ratio of 3.16 and a beta of 1.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.48 and a quick ratio of 1.44.
Formula Systems (1985) (NASDAQ:FORTY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 25th. The technology company reported $1.47 earnings per share for the quarter. The business had revenue of $782.44 million during the quarter. Formula Systems (1985) had a return on equity of 4.38% and a net margin of 21.57%.
Formula Systems (1985) Dividend Announcement
The business also recently declared a special dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, September 22nd will be paid a dividend of $1.63 per share. The ex-dividend date is Tuesday, September 22nd. This represents a yield of 259.0%. Formula Systems (1985)’s payout ratio is 1.86%.
Formula Systems (1985) Company Profile
Formula Systems (1985) Ltd is an Israeli publicly traded holding company specializing in the software and information technology sectors. Founded in 1985 and listed on NASDAQ under the ticker FORTY, the company focuses on acquiring, investing in and developing independent software firms. Its core mission is to foster innovation in enterprise software, cybersecurity and digital transformation solutions.
The company’s principal activities center on holding controlling and significant equity stakes in several market-leading software enterprises.
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