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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:FORTY

Formula Systems (1985) (FORTY) Stock Price, News & Analysis

$77.50
-5.51 (-6.64%)
(As of 03/28/2024 ET)
Today's Range
$77.50
$80.93
50-Day Range
$60.39
$83.01
52-Week Range
$55.97
$83.19
Volume
119 shs
Average Volume
375 shs
Market Capitalization
$1.19 billion
P/E Ratio
18.77
Dividend Yield
0.58%
Price Target
N/A

Formula Systems (1985) MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Healthy
0.01% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.96mentions of Formula Systems (1985) in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.25 out of 5 stars

Computer And Technology Sector

386th out of 589 stocks

Custom Computer Programming Services Industry

16th out of 26 stocks

FORTY stock logo

About Formula Systems (1985) Stock (NASDAQ:FORTY)

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. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and application and professional training courses, and advanced professional studies. In addition, the company offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, and IDIT Go; life, pension, and annuities platforms, including Sapiens, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; Sapiens Cloud-based DigitalSuite; data and analytics platform; and reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO. Further, it provides Sapiens workers' compensation solutions; Sapiens medical professional liability solutions; financial and compliance solutions, such as Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; Sapiens Decision; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

FORTY Stock Price History

FORTY Stock News Headlines

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Formula Systems: Q4 Earnings Snapshot
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See More Headlines
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Company Calendar

Last Earnings
3/19/2024
Today
3/28/2024
Ex-Dividend for 4/29 Dividend
4/03/2024
Dividend Payable
4/29/2024
Next Earnings (Estimated)
5/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
N/A
Current Symbol
NASDAQ:FORTY
Employees
22,059
Year Founded
N/A

Profitability

Net Income
$64.01 million
Pretax Margin
8.05%

Debt

Sales & Book Value

Annual Sales
$2.62 billion
Cash Flow
$12.00 per share
Book Value
$85.41 per share

Miscellaneous

Free Float
11,749,000
Market Cap
$1.19 billion
Optionable
Not Optionable
Beta
1.08
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Key Executives

  • Mr. Guy Bernstein (Age 56)
    Chief Executive Officer
    Comp: $4.07M
  • Mr. Asaf Berenstin (Age 46)
    Chief Financial Officer
    Comp: $50k
  • Ms. Maya Solomon-Ella (Age 46)
    Chief Operational Officer
    Comp: $283k

FORTY Stock Analysis - Frequently Asked Questions

How have FORTY shares performed in 2024?

Formula Systems (1985)'s stock was trading at $65.31 at the beginning of the year. Since then, FORTY stock has increased by 18.7% and is now trading at $77.50.
View the best growth stocks for 2024 here
.

Are investors shorting Formula Systems (1985)?

Formula Systems (1985) saw a decrease in short interest in March. As of March 15th, there was short interest totaling 1,800 shares, a decrease of 5.3% from the February 29th total of 1,900 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 6.0 days. Currently, 0.0% of the shares of the company are sold short.
View Formula Systems (1985)'s Short Interest
.

When is Formula Systems (1985)'s next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our FORTY earnings forecast
.

How were Formula Systems (1985)'s earnings last quarter?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) issued its earnings results on Tuesday, March, 19th. The technology company reported $1.01 EPS for the quarter. The technology company had revenue of $640.29 million for the quarter. Formula Systems (1985) had a net margin of 2.44% and a trailing twelve-month return on equity of 5.17%.

How often does Formula Systems (1985) pay dividends? What is the dividend yield for Formula Systems (1985)?

Formula Systems (1985) declared a Variable dividend on Tuesday, March 19th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.63 per share on Monday, April 29th. This represents a yield of 1.1%. The ex-dividend date is Wednesday, April 3rd.
Read our dividend analysis for FORTY
.

Is Formula Systems (1985) a good dividend stock?

Formula Systems (1985) (NASDAQ:FORTY) pays an annual dividend of $0.45 per share and currently has a dividend yield of 0.55%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.90%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FORTY.

Who are Formula Systems (1985)'s major shareholders?

Formula Systems (1985)'s stock is owned by a number of retail and institutional investors. Top institutional investors include Clal Insurance Enterprises Holdings Ltd (5.27%) and Altshuler Shaham Ltd (0.09%).

How do I buy shares of Formula Systems (1985)?

Shares of FORTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FORTY) was last updated on 3/29/2024 by MarketBeat.com Staff

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