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

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares saw an uptick in trading volume on Tuesday . 4,927 shares changed hands during trading, an increase of 700% from the previous session’s volume of 616 shares.The stock last traded at $79.00 and had previously closed at $82.99.

Formula Systems (1985) Stock Down 3.0 %

The company has a market capitalization of $1.23 billion, a PE ratio of 19.67 and a beta of 1.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.30 and a current ratio of 1.33. The firm has a fifty day simple moving average of $76.27 and a 200-day simple moving average of $75.05.

Formula Systems (1985) (NASDAQ:FORTY) last announced its quarterly earnings data on Wednesday, May 22nd. The technology company reported $1.10 earnings per share for the quarter. The company had revenue of $698.40 million during the quarter. Formula Systems (1985) had a net margin of 2.47% and a return on equity of 5.17%.

Institutional Trading of Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Clal Insurance Enterprises Holdings Ltd bought a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 808,061 shares of the technology company’s stock, valued at approximately $53,581,000. Clal Insurance Enterprises Holdings Ltd owned 5.27% of Formula Systems (1985) as of its most recent SEC filing. 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.