Short Interest in Formula Systems (1985) Ltd. (NASDAQ:FORTY) Drops By 44.4%

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 1,000 shares, a decrease of 44.4% from the February 28th total of 1,800 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 800 shares, the days-to-cover ratio is currently 1.3 days.

Formula Systems (1985) Trading Down 3.8 %

NASDAQ FORTY traded down $3.46 during trading on Friday, hitting $86.48. The company had a trading volume of 1,521 shares, compared to its average volume of 849. The company’s fifty day moving average is $93.38 and its 200-day moving average is $87.40. Formula Systems has a one year low of $69.07 and a one year high of $100.00. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 17.94 and a beta of 1.10.

Formula Systems (1985) (NASDAQ:FORTY) last released its quarterly earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The company had revenue of $691.50 million during the quarter.

Formula Systems (1985) Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. The ex-dividend date is Wednesday, April 30th. This is a positive change from Formula Systems (1985)’s previous semi-annual dividend of $0.63. This represents a dividend yield of 1%. Formula Systems (1985)’s payout ratio is currently 17.49%.

Hedge Funds Weigh In On Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC purchased a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors and hedge funds.

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.