Formula Systems (1985) (NASDAQ:FORTY) Sees Strong Trading Volume – Time to Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw an uptick in trading volume on Tuesday . 1,521 shares traded hands during trading, an increase of 80% from the previous session’s volume of 844 shares.The stock last traded at $87.21 and had previously closed at $89.94.

Formula Systems (1985) Price Performance

The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 18.46 and a beta of 1.10. The business’s 50-day moving average price is $93.35 and its two-hundred day moving average price is $87.56. 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) (NASDAQ:FORTY) last announced its quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 earnings per share for the quarter. The company had revenue of $691.50 million during the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

Formula Systems (1985) Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.6855 per share. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Formula Systems (1985)’s previous semi-annual dividend of $0.63. Formula Systems (1985)’s dividend payout ratio (DPR) is currently 26.92%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. 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.