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 . 556 shares traded hands during trading, a decline of 20% from the previous session’s volume of 697 shares.The stock last traded at $80.00 and had previously closed at $79.84.

Formula Systems (1985) Trading Up 0.6 %

The company’s 50-day moving average is $76.86 and its 200-day moving average is $76.89. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 18.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.37 and a current ratio of 1.40.

Formula Systems (1985) (NASDAQ:FORTY) last released its earnings results on Tuesday, August 20th. The technology company reported $1.20 earnings per share (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 for the quarter.

Formula Systems (1985) Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Thursday, September 12th. This is an increase from Formula Systems (1985)’s previous Semi-Annual dividend of $0.45. This represents a yield of 1.2%. Formula Systems (1985)’s dividend payout ratio is presently 21.09%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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). 34.76% of the stock is owned by institutional investors and hedge funds.

About Formula Systems (1985)

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.