Formula Systems (1985)’s (FORTY) “Hold (C-)” Rating Reaffirmed at Weiss Ratings

Formula Systems (1985) (NASDAQ:FORTY)‘s stock had its “hold (c-)” rating restated by investment analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Formula Systems (1985) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 21st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Formula Systems (1985) Price Performance

NASDAQ:FORTY opened at $143.92 on Wednesday. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of 28.96 and a beta of 0.90. Formula Systems has a 1 year low of $74.22 and a 1 year high of $149.09. The business has a 50 day simple moving average of $129.54 and a 200-day simple moving average of $113.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.21 and a quick ratio of 1.17.

Formula Systems (1985) (NASDAQ:FORTY) last posted its quarterly earnings data on Tuesday, August 19th. The technology company reported $0.95 earnings per share (EPS) for the quarter. The business had revenue of $743.37 million during the quarter. Formula Systems (1985) had a return on equity of 5.58% and a net margin of 2.70%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Elevation Point Wealth Partners LLC acquired a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,740 shares of the technology company’s stock, valued at approximately $222,000. Institutional investors and hedge funds own 34.76% of the company’s stock.

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.