Meitav Dash Investments Ltd

recently stated that they own a 5.3% stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in a Form 13G disclosure that was filed with the SEC on Monday, August 14th. The investor owns 785,818 shares of the stock valued at $27,912,334. The reporting parties listed on the disclosure included Provident funds of MEITAV DASH INVESTMENTS LTD group, Mutual funds of MEITAV DASH INVESTMENTS LTD group and ETFs of MEITAV DASH INVESTMENTS LTD group. The disclosure is available through Edgar at this link.

Meitav Dash Investments Ltd

provided the following explanation of their ownership:

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Separately, Sawtooth Solutions LLC raised its position in Formula Systems (1985) by 8.6% in the second quarter. Sawtooth Solutions LLC now owns 12,433 shares of the technology company’s stock worth $458,000 after buying an additional 980 shares during the period. Hedge funds and other institutional investors own 0.11% of the company’s stock.

Formula Systems (NASDAQ:FORTY) traded up 4.0138% during trading on Monday, hitting $36.9458. The company had a trading volume of 1,157 shares. Formula Systems has a 12-month low of $35.52 and a 12-month high of $44.20.

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Formula Systems (1985) Company Profile

Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services holding company. The Company, through its directly held subsidiary and affiliated companies, is engaged in providing software solutions and services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

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