Formula Systems (1985) (NASDAQ:FORTY) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $88.76 and traded as high as $91.22. Formula Systems (1985) shares last traded at $93.69, with a volume of 429 shares traded.

Formula Systems (1985) Trading Up 6.0 %

The stock has a market cap of $1.44 billion, a P/E ratio of 19.44 and a beta of 1.02. The firm’s 50 day simple moving average is $91.21 and its two-hundred day simple moving average is $88.76. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22.

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

Formula Systems (1985) Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be issued a $0.6855 dividend. This is an increase from Formula Systems (1985)’s previous semi-annual dividend of $0.63. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 1%. Formula Systems (1985)’s dividend payout ratio (DPR) is 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 position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. Institutional investors and hedge funds own 34.76% of the company’s stock.

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.