Formula Systems (1985) (NASDAQ:FORTY) Stock Crosses Above 200-Day Moving Average of $67.56

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $67.56 and traded as high as $74.60. Formula Systems (1985) shares last traded at $74.60, with a volume of 222 shares traded.

Formula Systems (1985) Stock Performance

The company has a quick ratio of 1.35, a current ratio of 1.39 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.14 billion, a P/E ratio of 18.06 and a beta of 1.08. The stock has a fifty day moving average of $76.74 and a 200-day moving average of $67.56.

Formula Systems (1985) (NASDAQ:FORTY) last posted its quarterly earnings data on Tuesday, March 19th. The technology company reported $1.01 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 5.17% and a net margin of 2.44%. The business had revenue of $640.29 million during the quarter.

Formula Systems (1985) Dividend Announcement

The firm also recently disclosed a Variable dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be given a $0.63 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a dividend yield of 1.1%. Formula Systems (1985)’s payout ratio is 22.03%.

Institutional Trading of Formula Systems (1985)

A number of hedge funds have recently made changes to their positions in the business. TFG Advisers LLC lifted its holdings in Formula Systems (1985) by 10.7% during the 3rd quarter. TFG Advisers LLC now owns 7,529 shares of the technology company’s stock worth $566,000 after purchasing an additional 730 shares during the last quarter. Altshuler Shaham Ltd lifted its holdings in Formula Systems (1985) by 6.3% during the 4th quarter. Altshuler Shaham Ltd now owns 14,251 shares of the technology company’s stock worth $945,000 after purchasing an additional 850 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new stake in Formula Systems (1985) during the 4th quarter worth approximately $53,581,000. 34.76% of the stock is owned by institutional investors and hedge funds.

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.