Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Free Report) shares saw an uptick in trading volume on Wednesday . 467 shares changed hands during mid-day 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 company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 1.35. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 17.48 and a beta of 1.08. The firm has a fifty day moving average of $76.40 and a 200 day moving average of $67.64.
Formula Systems (1985) (NASDAQ:FORTY – Get Free Report) last posted its earnings results on Tuesday, March 19th. The technology company reported $1.01 earnings per share (EPS) for the quarter. The company had revenue of $640.29 million during the quarter. Formula Systems (1985) had a return on equity of 5.17% and a net margin of 2.44%.
Formula Systems (1985) Announces Dividend
Institutional Trading of Formula Systems (1985)
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its position in Formula Systems (1985) by 9.7% in the 1st quarter. BlackRock Inc. now owns 1,956 shares of the technology company’s stock valued at $197,000 after acquiring an additional 173 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Formula Systems (1985) by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,303 shares of the technology company’s stock worth $305,000 after acquiring an additional 286 shares in the last quarter. TFG Advisers LLC boosted its stake in shares of Formula Systems (1985) by 10.7% during the 3rd quarter. TFG Advisers LLC now owns 7,529 shares of the technology company’s stock worth $566,000 after acquiring an additional 730 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in shares of Formula Systems (1985) by 6.3% during the 4th quarter. Altshuler Shaham Ltd now owns 14,251 shares of the technology company’s stock worth $945,000 after acquiring an additional 850 shares in the last quarter. Finally, UBS Group AG purchased a new stake in shares of Formula Systems (1985) during the 3rd quarter worth approximately $119,000. 34.76% of the stock is owned by hedge funds and other institutional investors.
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.
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