Formula Systems (1985) (NASDAQ:FORTY) Sees Large Volume Increase

Shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) saw an uptick in trading volume on Friday . 1,784 shares were traded during trading, an increase of 138% from the previous session’s volume of 750 shares.The stock last traded at $75.13 and had previously closed at $72.30.

Formula Systems (1985) Price Performance

The stock has a market cap of $1.16 billion, a P/E ratio of 18.01 and a beta of 1.09. The firm has a 50-day moving average price of $75.37 and a 200-day moving average price of $75.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.30 and a current ratio of 1.33.

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

Hedge Funds Weigh In On Formula Systems (1985)

An institutional investor recently raised its position in Formula Systems (1985) stock. Altshuler Shaham Ltd boosted its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 6.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,251 shares of the technology company’s stock after purchasing an additional 850 shares during the period. Altshuler Shaham Ltd owned about 0.09% of Formula Systems (1985) worth $945,000 at the end of the most recent quarter. 34.76% of the stock is currently 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.