Formula Systems (1985) (NASDAQ:FORTY) Trading Down 7.3% – Time to Sell?

Formula Systems (1985) Ltd. (NASDAQ:FORTY)’s stock price dropped 7.3% during mid-day trading on Thursday . The stock traded as low as $87.99 and last traded at $84.14. Approximately 833 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 836 shares. The stock had previously closed at $90.73.

Formula Systems (1985) Trading Down 3.8 %

The firm has a market capitalization of $1.33 billion, a P/E ratio of 17.94 and a beta of 1.10. 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 stock has a 50 day simple moving average of $93.38 and a 200-day simple moving average of $87.31.

Formula Systems (1985) (NASDAQ:FORTY) last announced its earnings results on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. The business 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 announced 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. The ex-dividend date of this dividend is Wednesday, April 30th. This is an increase from Formula Systems (1985)’s previous semi-annual dividend of $0.63. This represents a yield of 1%. Formula Systems (1985)’s payout ratio is 17.49%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,385 shares of the technology company’s stock after purchasing an additional 450 shares during the quarter. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.