Jane Street Group LLC Acquires Shares of 2,772 Formula Systems (1985) Ltd. (NASDAQ:FORTY)

Jane Street Group LLC bought a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,772 shares of the technology company’s stock, valued at approximately $222,000.

Separately, Altshuler Shaham Ltd grew its stake in Formula Systems (1985) by 52.2% in the 2nd quarter. Altshuler Shaham Ltd now owns 6,711 shares of the technology company’s stock valued at $478,000 after buying an additional 2,303 shares in the last quarter. 34.76% of the stock is currently owned by hedge funds and other institutional investors.

Formula Systems (1985) Trading Down 3.5 %

Shares of FORTY stock opened at $82.99 on Monday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.22 and a beta of 1.07. The company’s fifty day simple moving average is $88.15 and its two-hundred day simple moving average is $81.22. Formula Systems has a 1 year low of $60.39 and a 1 year high of $96.50. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38.

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.