TFG Advisers LLC Trims Stock Holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY)

TFG Advisers LLC lessened its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,258 shares of the technology company’s stock after selling 115 shares during the quarter. TFG Advisers LLC’s holdings in Formula Systems (1985) were worth $589,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Jane Street Group LLC purchased a new stake in shares of Formula Systems (1985) in the third quarter valued at $222,000. Institutional investors own 34.76% of the company’s stock.

Formula Systems (1985) Stock Performance

Formula Systems (1985) stock opened at $96.50 on Friday. The stock has a fifty day moving average price of $90.38 and a 200 day moving average price of $82.98. Formula Systems has a 52 week low of $67.43 and a 52 week high of $96.54. The firm has a market capitalization of $1.48 billion, a P/E ratio of 20.02 and a beta of 1.07. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

Formula Systems (1985) (NASDAQ:FORTY) last posted its quarterly earnings data on Thursday, November 21st. The technology company reported $1.51 EPS for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

Formula Systems (1985) 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.