Formula Systems (1985) Ltd. (NASDAQ:FORTY) Sees Large Growth in Short Interest

Formula Systems (1985) Ltd. (NASDAQ:FORTY) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 1,700 shares, an increase of 30.8% from the October 15th total of 1,300 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 4.3 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 52.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,711 shares of the technology company’s stock after acquiring an additional 2,303 shares during the period. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $478,000 at the end of the most recent reporting period. 34.76% of the stock is owned by institutional investors and hedge funds.

Formula Systems (1985) Price Performance

NASDAQ:FORTY opened at $80.05 on Friday. Formula Systems has a 12 month low of $58.29 and a 12 month high of $87.70. The stock has a 50 day moving average of $79.35 and a two-hundred day moving average of $77.55. The company has a current ratio of 1.40, a quick ratio of 1.37 and a debt-to-equity ratio of 0.19. The firm has a market cap of $1.23 billion, a P/E ratio of 18.57 and a beta of 1.09.

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

Formula Systems (1985) Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Investors of record on Thursday, September 12th were issued a $0.63 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Formula Systems (1985)’s previous Semi-Annual dividend of $0.45. This represents a yield of 1.2%. Formula Systems (1985)’s dividend payout ratio is currently 20.65%.

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.