Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Up – Should You Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $101.83, but opened at $104.78. Formula Systems (1985) shares last traded at $96.41, with a volume of 303 shares traded.

Formula Systems (1985) Stock Down 1.2%

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38. The firm has a market capitalization of $1.48 billion, a P/E ratio of 20.09 and a beta of 0.88. The firm’s fifty day moving average price is $91.22 and its 200-day moving average price is $90.83.

Formula Systems (1985) (NASDAQ:FORTY) last released its earnings results on Thursday, May 22nd. The technology company reported $1.23 earnings per share for the quarter. The firm had revenue of $754.68 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 disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Wednesday, April 30th will be issued a $0.6855 dividend. 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 dividend yield of 1%. Formula Systems (1985)’s dividend payout ratio is 27.70%.

Institutional Investors Weigh In On Formula Systems (1985)

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,385 shares of the technology company’s stock after purchasing an additional 450 shares during the period. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 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) 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.