Formula Systems (1985) (NASDAQ:FORTY) Sees Strong Trading Volume – Time to Buy?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares saw strong trading volume on Wednesday . 756 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 898 shares.The stock last traded at $86.33 and had previously closed at $87.29.

Formula Systems (1985) Price Performance

The company has a market capitalization of $1.30 billion, a PE ratio of 17.57 and a beta of 1.02. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average price is $92.28 and its 200-day moving average price is $88.39.

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 firm had revenue of $691.50 million during 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 firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Wednesday, April 30th will be given a $0.6855 dividend. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 1%. This is a positive change from Formula Systems (1985)’s previous semi-annual dividend of $0.63. Formula Systems (1985)’s dividend payout ratio is presently 26.92%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Formula Systems (1985) stock. Jane Street Group LLC purchased a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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.

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.