Formula Systems (1985) (NASDAQ:FORTY) Sets New 1-Year High – Still a Buy?

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) hit a new 52-week high on Saturday . The stock traded as high as $107.00 and last traded at $97.11, with a volume of 2113 shares. The stock had previously closed at $91.41.

Formula Systems (1985) Stock Performance

The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. The firm has a market cap of $1.49 billion, a P/E ratio of 20.15 and a beta of 0.88. The business has a fifty day simple moving average of $89.77 and a 200-day simple moving average of $89.65.

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

Formula Systems (1985) Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. This represents a yield of 1%. The ex-dividend date of this dividend 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 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 stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) during the 3rd quarter, according to 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. Institutional investors and hedge funds own 34.76% of the company’s stock.

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.