Formula Systems (1985) (NASDAQ:FORTY) Stock Price Down 7.3% – Should You Sell?

Formula Systems (1985) Ltd. (NASDAQ:FORTY) shares dropped 7.3% during trading on Thursday . The company traded as low as $87.99 and last traded at $84.14. Approximately 833 shares were traded 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 company has a market cap of $1.33 billion, a PE ratio of 17.94 and a beta of 1.10. The stock has a 50 day moving average price of $93.38 and a 200 day moving average price of $87.31. The company has a current ratio of 1.41, a quick ratio of 1.38 and a debt-to-equity ratio of 0.22.

Formula Systems (1985) (NASDAQ:FORTY) last announced its earnings results on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%. The firm had revenue of $691.50 million for the quarter.

Formula Systems (1985) Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be paid a $0.6855 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a dividend yield of 1%. This is an increase from Formula Systems (1985)’s previous semi-annual dividend of $0.63. Formula Systems (1985)’s dividend payout ratio is presently 17.49%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd increased its position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period. 34.76% of the stock is 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.