Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down to $81.22

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $81.22, but opened at $77.71. Formula Systems (1985) shares last traded at $77.29, with a volume of 263 shares changing hands.

Formula Systems (1985) Price Performance

The company has a quick ratio of 1.35, a current ratio of 1.39 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $74.46 and a two-hundred day moving average price of $67.31. The stock has a market capitalization of $1.19 billion, a P/E ratio of 18.89 and a beta of 1.08.

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

Formula Systems (1985) Announces Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, April 4th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a yield of 1.1%. Formula Systems (1985)’s payout ratio is 22.03%.

Institutional Investors Weigh In On Formula Systems (1985)

Large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Formula Systems (1985) by 9.7% during the 1st quarter. BlackRock Inc. now owns 1,956 shares of the technology company’s stock valued at $197,000 after buying an additional 173 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 valued at $305,000 after buying an additional 286 shares in the last quarter. TFG Advisers LLC lifted its position 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 valued at $566,000 after buying an additional 730 shares in the last quarter. Altshuler Shaham Ltd lifted its position 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 valued at $945,000 after buying an additional 850 shares in the last quarter. Finally, UBS Group AG purchased a new position in shares of Formula Systems (1985) during the 3rd quarter valued at about $119,000. 34.76% of the stock is currently owned by institutional investors.

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.