Altshuler Shaham Ltd Increases Stock Holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY)

Altshuler Shaham Ltd grew its stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 6.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,251 shares of the technology company’s stock after purchasing an additional 850 shares during the quarter. Altshuler Shaham Ltd owned about 0.09% of Formula Systems (1985) worth $945,000 at the end of the most recent quarter.

Formula Systems (1985) Stock Up 4.6 %

Shares of FORTY traded up $3.68 during trading hours on Thursday, hitting $84.12. The company had a trading volume of 974 shares, compared to its average volume of 506. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.39. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 20.37 and a beta of 1.08. Formula Systems has a 52-week low of $55.97 and a 52-week high of $84.22. The firm has a fifty day moving average price of $77.46 and a 200-day moving average price of $68.53.

Formula Systems (1985) (NASDAQ:FORTY) last issued its quarterly earnings data on Tuesday, March 19th. The technology company reported $1.01 earnings per share for the quarter. Formula Systems (1985) had a net margin of 2.44% and a return on equity of 5.17%. The company had revenue of $640.29 million for the quarter.

Formula Systems (1985) Dividend Announcement

The business also recently announced a Variable dividend, which was paid on Monday, April 29th. Investors of record on Thursday, April 4th were issued a $0.63 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a yield of 1.1%. Formula Systems (1985)’s dividend payout ratio is currently 21.55%.

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.