Mount Yale Investment Advisors LLC decreased its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 39.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,672 shares of the technology company’s stock after selling 6,276 shares during the quarter. Mount Yale Investment Advisors LLC owned approximately 0.07% of Formula Systems (1985) worth $342,000 at the end of the most recent reporting period.
Shares of NASDAQ FORTY remained flat at $$41.83 during trading on Friday. Formula Systems has a 1 year low of $32.55 and a 1 year high of $45.65. The stock has a market cap of $637.27 million, a P/E ratio of 25.59 and a beta of 0.77. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.15.
Formula Systems (1985) (NASDAQ:FORTY) last announced its quarterly earnings data on Thursday, August 16th. The technology company reported $0.51 earnings per share for the quarter. Formula Systems (1985) had a net margin of 1.75% and a return on equity of 3.30%. The firm had revenue of $363.48 million for the quarter.
Formula Systems (1985) Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; database and big data services; customer relations management, computer systems management infrastructures, Web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and professional training courses and advanced professional studies.
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