Formula Systems (1985) (NASDAQ:FORTY) Releases Earnings Results

Formula Systems (1985) (NASDAQ:FORTYGet Free Report) released its earnings results on Thursday. The technology company reported $2.25 EPS for the quarter, FiscalAI reports. Formula Systems (1985) had a return on equity of 4.15% and a net margin of 21.58%.The firm had revenue of $738.29 million for the quarter.

Formula Systems (1985) Stock Performance

Formula Systems (1985) stock opened at $132.54 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.63 and a quick ratio of 1.61. Formula Systems has a one year low of $101.21 and a one year high of $190.56. The stock has a market capitalization of $2.03 billion, a PE ratio of 3.37 and a beta of 1.17. The business’s fifty day moving average is $132.57 and its 200 day moving average is $146.02.

Formula Systems (1985) Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 22nd will be given a dividend of $13.045 per share. The ex-dividend date of this dividend is Friday, May 22nd. Formula Systems (1985)’s dividend payout ratio (DPR) is 28.28%.

Institutional Investors Weigh In On Formula Systems (1985)

Several institutional investors have recently modified their holdings of FORTY. Raymond James Financial Inc. purchased a new stake in shares of Formula Systems (1985) during the second quarter valued at $73,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of Formula Systems (1985) during the first quarter valued at $206,000. Dimensional Fund Advisors LP boosted its position in shares of Formula Systems (1985) by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,315 shares of the technology company’s stock valued at $391,000 after buying an additional 86 shares during the last quarter. Finally, Altshuler Shaham Ltd boosted its position in shares of Formula Systems (1985) by 10.4% during the first quarter. Altshuler Shaham Ltd now owns 7,742 shares of the technology company’s stock valued at $926,000 after buying an additional 727 shares during the last quarter. 34.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Formula Systems (1985) in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Stock Report on FORTY

Formula Systems (1985) Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Formula Systems (1985) (NASDAQ:FORTY)

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