Formula Systems (1985) Ltd. (NASDAQ:FORTY) Short Interest Update

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,700 shares, an increase of 30.8% from the October 15th total of 1,300 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 4.3 days.

Hedge Funds Weigh In On Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is currently owned by hedge funds and other institutional investors.

Formula Systems (1985) Stock Performance

Shares of FORTY stock opened at $80.05 on Friday. The business has a 50-day simple moving average of $79.41 and a 200-day simple moving average of $77.62. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.23 billion, a PE ratio of 18.57 and a beta of 1.09. Formula Systems has a 52-week low of $58.29 and a 52-week high of $87.70.

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

Formula Systems (1985) Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were given a $0.63 dividend. This is an increase from Formula Systems (1985)’s previous Semi-Annual dividend of $0.45. This represents a yield of 1.2%. The ex-dividend date was Thursday, September 12th. Formula Systems (1985)’s payout ratio is currently 20.88%.

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.