Altshuler Shaham Ltd Has $536,000 Position in Formula Systems (1985) Ltd. (NASDAQ:FORTY)

Altshuler Shaham Ltd grew its position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,385 shares of the technology company’s stock after purchasing an additional 450 shares during the quarter. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 as of its most recent SEC filing.

Separately, Jane Street Group LLC bought a new stake in shares of Formula Systems (1985) in the third quarter worth $222,000. 34.76% of the stock is currently owned by institutional investors.

Formula Systems (1985) Stock Performance

NASDAQ FORTY opened at $86.33 on Thursday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 17.91 and a beta of 1.02. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. Formula Systems has a twelve month low of $69.07 and a twelve month high of $100.00. The stock has a fifty day simple moving average of $92.28 and a 200 day simple moving average of $88.39.

Formula Systems (1985) (NASDAQ:FORTY) last issued its quarterly earnings results 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 return on equity of 5.68% and a net margin of 2.78%.

Formula Systems (1985) Increases Dividend

The company also recently declared 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 is a positive change from Formula Systems (1985)’s previous semi-annual dividend of $0.63. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 1%. Formula Systems (1985)’s dividend payout ratio (DPR) is presently 26.92%.

Formula Systems (1985) 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.