Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Up to $70.52

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares gapped up prior to trading on Monday . The stock had previously closed at $70.52, but opened at $73.17. Formula Systems (1985) shares last traded at $73.17, with a volume of 406 shares traded.

Formula Systems (1985) Price Performance

The stock has a market cap of $1.12 billion, a PE ratio of 16.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.37. The firm’s 50 day moving average price is $77.08 and its two-hundred day moving average price is $76.81.

Formula Systems (1985) (NASDAQ:FORTY) last released its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.20 EPS for the quarter. Formula Systems (1985) had a net margin of 2.53% and a return on equity of 5.21%. The company had revenue of $667.68 million during the quarter.

Formula Systems (1985) Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th will be given a $0.63 dividend. This is a positive change from Formula Systems (1985)’s previous Semi-Annual dividend of $0.45. This represents a dividend yield of 1.2%. The ex-dividend date is Thursday, September 12th. Formula Systems (1985)’s dividend payout ratio (DPR) is 21.09%.

Institutional Investors Weigh In On Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Clal Insurance Enterprises Holdings Ltd purchased a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 808,061 shares of the technology company’s stock, valued at approximately $53,581,000. Clal Insurance Enterprises Holdings Ltd owned approximately 5.27% of Formula Systems (1985) as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 34.76% of the company’s stock.

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.