Formula Systems (1985) (NASDAQ:FORTY) Sees Unusually-High Trading Volume – Here’s What Happened

Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw unusually-strong trading volume on Tuesday . Approximately 1,521 shares were traded 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) Price Performance

The firm has a market capitalization of $1.32 billion, a PE ratio of 17.90 and a beta of 1.10. The stock’s 50 day simple moving average is $93.21 and its two-hundred day simple moving average is $87.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41.

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

Formula Systems (1985) Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. This represents a dividend yield of 1%. The ex-dividend date is Wednesday, April 30th. This is a positive change from Formula Systems (1985)’s previous semi-annual dividend of $0.63. Formula Systems (1985)’s payout ratio is presently 26.92%.

Hedge Funds Weigh In On Formula Systems (1985)

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC bought a new stake in 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. The firm bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is currently owned by institutional investors and hedge funds.

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.