Formula Systems (1985) (NASDAQ:FORTY) Sees Unusually-High Trading Volume

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw strong trading volume on Wednesday . 467 shares were traded during trading, a decline of 13% from the previous session’s volume of 536 shares.The stock last traded at $74.15 and had previously closed at $74.60.

Formula Systems (1985) Stock Performance

The firm’s fifty day moving average price is $76.40 and its 200-day moving average price is $67.64. The company has a current ratio of 1.39, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The company has a market cap of $1.11 billion, a P/E ratio of 17.48 and a beta of 1.08.

Formula Systems (1985) (NASDAQ:FORTY) last posted its quarterly earnings data on Tuesday, March 19th. The technology company reported $1.01 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.44% and a return on equity of 5.17%. The company had revenue of $640.29 million for the quarter.

Formula Systems (1985) Dividend Announcement

The firm also recently announced a Variable dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.63 per share. The ex-dividend date is Wednesday, April 3rd. This represents a dividend yield of 1.1%. Formula Systems (1985)’s dividend payout ratio (DPR) is currently 22.03%.

Institutional Trading of Formula Systems (1985)

Institutional investors have recently made changes to their positions in the business. TFG Advisers LLC lifted its position in shares of Formula Systems (1985) by 10.7% during the third quarter. TFG Advisers LLC now owns 7,529 shares of the technology company’s stock worth $566,000 after purchasing an additional 730 shares in the last quarter. FMR LLC lifted its position in shares of Formula Systems (1985) by 78.8% during the second quarter. FMR LLC now owns 18,409 shares of the technology company’s stock worth $1,708,000 after purchasing an additional 8,116 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Formula Systems (1985) by 466.6% during the first quarter. Jane Street Group LLC now owns 11,462 shares of the technology company’s stock worth $1,154,000 after purchasing an additional 9,439 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Formula Systems (1985) by 43.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,998 shares of the technology company’s stock worth $392,000 after buying an additional 1,219 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Formula Systems (1985) by 9.7% during the first quarter. BlackRock Inc. now owns 1,956 shares of the technology company’s stock worth $197,000 after buying an additional 173 shares during the last quarter. 34.76% of the stock is currently 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.