Formula Systems (1985) Ltd. (NASDAQ:FORTY) Short Interest Up 30.8% in October

Formula Systems (1985) Ltd. (NASDAQ:FORTY) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,700 shares, an increase of 30.8% from the October 15th total of 1,300 shares. Based on an average daily trading volume, of 400 shares, the days-to-cover ratio is presently 4.3 days. Approximately 0.0% of the company’s shares are sold short.

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 acquired a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 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) Price Performance

Shares of NASDAQ:FORTY opened at $80.05 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.40 and a debt-to-equity ratio of 0.19. Formula Systems has a fifty-two week low of $58.29 and a fifty-two week high of $87.70. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 18.57 and a beta of 1.09. The firm’s 50 day moving average price is $79.41 and its 200 day moving average price is $77.62.

Formula Systems (1985) (NASDAQ:FORTY) last posted its earnings results on Tuesday, August 20th. The technology company reported $1.20 EPS for the quarter. Formula Systems (1985) had a net margin of 2.53% and a return on equity of 5.21%. The firm had revenue of $667.68 million for the quarter.

Formula Systems (1985) Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 26th. Shareholders of record on Thursday, September 12th were issued a $0.63 dividend. This represents a yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 12th. This is a positive change from Formula Systems (1985)’s previous Semi-Annual dividend of $0.45. Formula Systems (1985)’s payout ratio is currently 20.88%.

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.