Formula Systems (1985) (NASDAQ:FORTY) Sees Unusually-High Trading Volume – Still a Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw strong trading volume on Wednesday . 4,789 shares traded hands during mid-day trading, an increase of 472% from the previous session’s volume of 837 shares.The stock last traded at $87.29 and had previously closed at $93.75.

Formula Systems (1985) Price Performance

The firm has a market capitalization of $1.38 billion, a PE ratio of 18.63 and a beta of 1.10. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $93.42 and a two-hundred day moving average price of $87.22.

Formula Systems (1985) (NASDAQ:FORTY) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 earnings per share for the quarter. The company had revenue of $691.50 million during the quarter. Formula Systems (1985) had a return on equity of 5.68% and a net margin of 2.78%.

Formula Systems (1985) Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be given a $0.6855 dividend. This is an increase from Formula Systems (1985)’s previous semi-annual dividend of $0.63. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 1%. Formula Systems (1985)’s dividend payout ratio is 17.49%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC bought a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. Hedge funds and other 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.