Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down to $77.42

Formula Systems (1985) Ltd. (NASDAQ:FORTYGet Free Report)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $77.42, but opened at $75.54. Formula Systems (1985) shares last traded at $75.54, with a volume of 106 shares changing hands.

Formula Systems (1985) Trading Up 1.4 %

The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.19 billion, a P/E ratio of 18.85 and a beta of 1.08. The business’s 50-day moving average is $68.43 and its two-hundred day moving average is $66.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Formula Systems (1985) during the fourth quarter valued at approximately $53,581,000. Jane Street Group LLC boosted its holdings in Formula Systems (1985) by 274.2% during the fourth quarter. Jane Street Group LLC now owns 13,351 shares of the technology company’s stock worth $946,000 after buying an additional 9,783 shares in the last quarter. FMR LLC boosted its holdings in Formula Systems (1985) by 78.8% during the second quarter. FMR LLC now owns 18,409 shares of the technology company’s stock worth $1,708,000 after buying an additional 8,116 shares in the last quarter. UBS Group AG bought a new stake in Formula Systems (1985) during the third quarter worth approximately $119,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Formula Systems (1985) by 43.9% during the first quarter. Dimensional Fund Advisors LP now owns 3,998 shares of the technology company’s stock worth $392,000 after buying an additional 1,219 shares in the last quarter. Institutional investors own 10.24% of the company’s stock.

Formula Systems (1985) Company Profile

(Get Free Report)

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.

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