Formula Systems (1985) Ltd. (NASDAQ:FORTY – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $74.60, but opened at $72.52. Formula Systems (1985) shares last traded at $72.52, with a volume of 141 shares trading hands.
Formula Systems (1985) Price Performance
The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.39. The company’s fifty day simple moving average is $77.00 and its two-hundred day simple moving average is $67.66. The stock has a market capitalization of $1.15 billion, a PE ratio of 18.06 and a beta of 1.08.
Formula Systems (1985) (NASDAQ:FORTY – Get Free Report) last posted its earnings results on Tuesday, March 19th. The technology company reported $1.01 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.44% and a return on equity of 5.17%. The firm had revenue of $640.29 million during the quarter.
Formula Systems (1985) Announces Dividend
Institutional Investors Weigh In On Formula Systems (1985)
Several hedge funds have recently modified their holdings of the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Formula Systems (1985) in the fourth quarter worth approximately $53,581,000. Altshuler Shaham Ltd boosted its position in shares of Formula Systems (1985) by 6.3% in the fourth quarter. Altshuler Shaham Ltd now owns 14,251 shares of the technology company’s stock worth $945,000 after acquiring an additional 850 shares during the last quarter. Finally, TFG Advisers LLC boosted its position in shares of Formula Systems (1985) by 10.7% in the third quarter. TFG Advisers LLC now owns 7,529 shares of the technology company’s stock worth $566,000 after acquiring an additional 730 shares during the last quarter. 34.76% of the stock is owned by institutional investors and hedge funds.
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.
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