Dimensional Fund Advisors LP Lowers Holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY)

Dimensional Fund Advisors LP decreased its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 8.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,638 shares of the technology company’s stock after selling 321 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Formula Systems (1985) were worth $305,000 at the end of the most recent reporting period.

Separately, Altshuler Shaham Ltd increased its holdings in shares of Formula Systems (1985) by 7.6% in the fourth quarter. Altshuler Shaham Ltd now owns 6,385 shares of the technology company’s stock valued at $536,000 after purchasing an additional 450 shares during the last quarter. 34.76% of the stock is currently owned by institutional investors and hedge funds.

Formula Systems (1985) Trading Up 5.8%

Shares of Formula Systems (1985) stock opened at $101.60 on Friday. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 21.08 and a beta of 0.88. Formula Systems has a fifty-two week low of $69.07 and a fifty-two week high of $107.00. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The stock has a 50 day moving average of $90.70 and a 200 day moving average of $90.29.

Formula Systems (1985) (NASDAQ:FORTY) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. The business had revenue of $691.50 million during the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.

Formula Systems (1985) Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be paid a $0.6855 dividend. The ex-dividend date is Wednesday, April 30th. This is a boost from Formula Systems (1985)’s previous semi-annual dividend of $0.63. This represents a yield of 1%. Formula Systems (1985)’s dividend payout ratio (DPR) is currently 26.92%.

About Formula Systems (1985)

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.