Formula Systems (1985) (NASDAQ:FORTY) Sets New 1-Year High at $84.22

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s share price reached a new 52-week high on Thursday . The stock traded as high as $84.22 and last traded at $84.22, with a volume of 705 shares trading hands. The stock had previously closed at $80.44.

Formula Systems (1985) Trading Up 4.6 %

The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 19.48 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. The company has a 50 day moving average of $77.46 and a 200-day moving average of $68.53.

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

Formula Systems (1985) Announces Dividend

The business also recently disclosed a Variable dividend, which was paid on Monday, April 29th. Shareholders of record on Thursday, April 4th were given a dividend of $0.63 per share. 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,251 shares of the technology company’s stock after purchasing an additional 850 shares during the quarter. Altshuler Shaham Ltd owned 0.09% of Formula Systems (1985) worth $945,000 at the end of the most recent quarter. Hedge funds and other 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.