Formula Systems (1985) Ltd. (NASDAQ:FORTY) to Issue Semi-Annual Dividend of $0.45

Formula Systems (1985) Ltd. (NASDAQ:FORTYGet Rating) announced a Semi-Annual dividend on Tuesday, May 23rd, Zacks reports. Shareholders of record on Monday, June 5th will be paid a dividend of 0.446 per share by the technology company on Monday, July 3rd. The ex-dividend date is Friday, June 2nd.

Formula Systems (1985) Price Performance

FORTY stock opened at $69.20 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.34 and a current ratio of 1.37. The firm has a 50 day moving average price of $65.97 and a 200-day moving average price of $72.33. Formula Systems has a 52-week low of $60.29 and a 52-week high of $110.42. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.26 and a beta of 1.05.

Formula Systems (1985) (NASDAQ:FORTYGet Rating) last released its earnings results on Thursday, March 16th. The technology company reported $1.00 EPS for the quarter. Formula Systems (1985) had a return on equity of 6.96% and a net margin of 3.13%. The business had revenue of $633.88 million for the quarter.

Institutional Trading of Formula Systems (1985)

Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG bought a new position in shares of Formula Systems (1985) during the third quarter valued at $119,000. BlackRock Inc. grew its stake in shares of Formula Systems (1985) by 9.7% in the first quarter. BlackRock Inc. now owns 1,956 shares of the technology company’s stock worth $197,000 after acquiring an additional 173 shares during the period. Jane Street Group LLC bought a new stake in shares of Formula Systems (1985) in the third quarter worth approximately $294,000. Dimensional Fund Advisors LP raised its holdings in shares of Formula Systems (1985) by 7.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,303 shares of the technology company’s stock valued at $305,000 after purchasing an additional 286 shares during the last quarter. Finally, FMR LLC boosted its holdings in Formula Systems (1985) by 78.8% in the second quarter. FMR LLC now owns 18,409 shares of the technology company’s stock worth $1,708,000 after purchasing an additional 8,116 shares during the last quarter. 0.29% of the stock is currently owned by hedge funds and other institutional investors.

Formula Systems (1985) Company Profile

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Formula Systems (1985) Ltd. engages in the provision of software solutions and IT professional services. It operates through the following segments: Matrix, Sapiens, Magic Software, and Other. The company was founded on April 2, 1985 and is headquartered in Or Yehuda, Israel.

Further Reading

Dividend History for Formula Systems (1985) (NASDAQ:FORTY)

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