Short Interest in Formula Systems (1985) Ltd. (NASDAQ:FORTY) Decreases By 44.4%

Formula Systems (1985) Ltd. (NASDAQ:FORTY) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,000 shares, a decrease of 44.4% from the February 28th total of 1,800 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 1.3 days.

Formula Systems (1985) Stock Down 0.1 %

NASDAQ FORTY traded down $0.13 on Friday, reaching $89.81. The company had a trading volume of 1,461 shares, compared to its average volume of 848. 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 stock has a market capitalization of $1.38 billion, a P/E ratio of 18.63 and a beta of 1.10. The company’s fifty day moving average is $93.42 and its 200 day moving average is $87.22. Formula Systems has a 52-week low of $69.07 and a 52-week high of $100.00.

Formula Systems (1985) (NASDAQ:FORTY) last issued its quarterly earnings data on Thursday, March 20th. The technology company reported $1.28 earnings per share (EPS) 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 firm 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 dividend of $0.6855 per share. This is a positive change from Formula Systems (1985)’s previous semi-annual dividend of $0.63. This represents a yield of 1%. The ex-dividend date is Wednesday, April 30th. Formula Systems (1985)’s dividend payout ratio (DPR) is 17.49%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd lifted its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,385 shares of the technology company’s stock after purchasing an additional 450 shares during the period. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent quarter. 34.76% of the stock is owned by institutional investors.

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.