Formula Systems (1985) (NASDAQ:FORTY) Reaches New 12-Month High at $86.23

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $86.23 and last traded at $86.23, with a volume of 635 shares traded. The stock had previously closed at $80.21.

Formula Systems (1985) Stock Performance

The company has a market cap of $1.33 billion, a price-to-earnings ratio of 20.64 and a beta of 1.09. The stock has a 50-day simple moving average of $76.07 and a 200 day simple moving average of $74.51. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.21.

Formula Systems (1985) (NASDAQ:FORTY) last issued its quarterly earnings data on Wednesday, May 22nd. The technology company reported $1.10 earnings per share (EPS) for the quarter. The business had revenue of $698.40 million during the quarter. Formula Systems (1985) had a return on equity of 5.17% and a net margin of 2.47%.

Hedge Funds Weigh In On Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 808,061 shares of the technology company’s stock, valued at approximately $53,581,000. Clal Insurance Enterprises Holdings Ltd owned approximately 5.27% of Formula Systems (1985) at the end of the most recent quarter. 34.76% of the stock is owned by institutional investors and hedge funds.

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.