Formula Systems (1985) (NASDAQ:FORTY) Stock Price Down 7.3% – What’s Next?

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

Formula Systems (1985) Stock Up 0.4 %

The company has a market cap of $1.38 billion, a price-to-earnings ratio of 18.68 and a beta of 1.10. 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 stock’s fifty day moving average is $93.41 and its two-hundred day moving average is $87.21.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd grew its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,385 shares of the technology company’s stock after buying 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. Institutional investors own 34.76% of the company’s stock.

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.