Formula Systems (1985) (NASDAQ:FORTY) Sees Unusually-High Trading Volume

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares saw strong trading volume on Tuesday . 556 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 697 shares.The stock last traded at $80.00 and had previously closed at $79.84.

Formula Systems (1985) Price Performance

The stock’s 50 day moving average price is $76.86 and its two-hundred day moving average price is $76.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.37. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 18.96 and a beta of 1.11.

Formula Systems (1985) (NASDAQ:FORTY) last announced its earnings results on Tuesday, August 20th. The technology company reported $1.20 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.53% and a return on equity of 5.21%. The business had revenue of $667.68 million for the quarter.

Formula Systems (1985) Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a $0.63 dividend. This represents a yield of 1.2%. The ex-dividend date was Thursday, September 12th. This is a positive change from Formula Systems (1985)’s previous Semi-Annual dividend of $0.45. Formula Systems (1985)’s payout ratio is 21.09%.

Institutional Investors Weigh In On Formula Systems (1985)

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 52.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,711 shares of the technology company’s stock after purchasing an additional 2,303 shares during the period. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $478,000 as of its most recent filing with the SEC. 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.