Formula Systems (1985) (NASDAQ:FORTY) Sees Strong Trading Volume – What’s Next?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares saw an uptick in trading volume on Thursday . 1,056 shares were traded during mid-day trading, an increase of 30% from the previous session’s volume of 813 shares.The stock last traded at $94.34 and had previously closed at $96.00.

Formula Systems (1985) Stock Down 3.6 %

The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.38 and a current ratio of 1.41. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 19.21 and a beta of 1.10. The firm’s 50-day simple moving average is $93.15 and its 200-day simple moving average is $86.85.

Formula Systems (1985) (NASDAQ:FORTY) last posted 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 for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

Hedge Funds Weigh In On Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC acquired a new position in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is currently 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.