Formula Systems (1985) (NASDAQ:FORTY) Sees Strong Trading Volume – Should You Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw unusually-strong trading volume on Tuesday . Approximately 1,521 shares traded hands during trading, an increase of 80% from the previous session’s volume of 844 shares.The stock last traded at $87.21 and had previously closed at $89.94.

Formula Systems (1985) Stock Performance

The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 17.90 and a beta of 1.10. The firm has a 50 day moving average price of $93.21 and a 200-day moving average price of $87.61. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.41 and a quick ratio of 1.38.

Formula Systems (1985) (NASDAQ:FORTY) last posted its quarterly earnings results on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) for the quarter. The company had revenue of $691.50 million for 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 company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.6855 per share. This represents a yield of 1%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a boost from Formula Systems (1985)’s previous semi-annual dividend of $0.63. Formula Systems (1985)’s payout ratio is 26.92%.

Hedge Funds Weigh In On Formula Systems (1985)

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd raised its stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,385 shares of the technology company’s stock after purchasing an additional 450 shares during the period. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 as of its most recent SEC filing. 34.76% of the stock is currently owned by 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.