Formula Systems (1985) (NASDAQ:FORTY) Shares Pass Above 200 Day Moving Average of $68.14

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $68.14 and traded as high as $76.80. Formula Systems (1985) shares last traded at $76.80, with a volume of 515 shares.

Formula Systems (1985) Price Performance

The business’s 50 day simple moving average is $77.37 and its 200-day simple moving average is $68.14. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 18.60 and a beta of 1.08. The company has a quick ratio of 1.35, a current ratio of 1.39 and a debt-to-equity ratio of 0.24.

Formula Systems (1985) (NASDAQ:FORTY) last announced its quarterly earnings data on Tuesday, March 19th. The technology company reported $1.01 earnings per share (EPS) for the quarter. Formula Systems (1985) had a net margin of 2.44% and a return on equity of 5.17%. The business had revenue of $640.29 million for the quarter.

Formula Systems (1985) Dividend Announcement

The firm also recently disclosed a Variable dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were given a dividend of $0.63 per share. The ex-dividend date was Wednesday, April 3rd. This represents a dividend yield of 1.1%. Formula Systems (1985)’s dividend payout ratio is currently 21.55%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its holdings in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 6.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,251 shares of the technology company’s stock after acquiring an additional 850 shares during the quarter. Altshuler Shaham Ltd owned 0.09% of Formula Systems (1985) worth $945,000 at the end of the most recent quarter. 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.