Formula Systems (1985) (NASDAQ:FORTY) Shares Pass Above 200 Day Moving Average of $68.14

Formula Systems (1985) Ltd. (NASDAQ:FORTY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $68.14 and traded as high as $76.80. Formula Systems (1985) shares last traded at $76.80, with a volume of 515 shares.

Formula Systems (1985) Price Performance

The business has a 50 day moving average price of $77.37 and a two-hundred day moving average price of $68.14. The stock has a market cap of $1.18 billion, a PE ratio of 18.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.39.

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

Formula Systems (1985) Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were paid a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a yield of 1.1%. Formula Systems (1985)’s payout ratio is 21.55%.

Hedge Funds Weigh In On Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 808,061 shares of the technology company’s stock, valued at approximately $53,581,000. Clal Insurance Enterprises Holdings Ltd owned approximately 5.27% of Formula Systems (1985) at the end of the most recent reporting period. Institutional investors own 34.76% of the company’s stock.

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.