Formula Systems (1985) Ltd. Declares Quarterly Dividend of $0.50 (NASDAQ:FORTY)

Formula Systems (1985) Ltd. (NASDAQ:FORTY) declared a quarterly dividend on Monday, December 1st. Investors of record on Tuesday, December 30th will be paid a dividend of 0.5021 per share by the technology company on Friday, January 23rd. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, December 30th.

Formula Systems (1985) has increased its dividend payment by an average of 0.0%per year over the last three years.

Formula Systems (1985) Trading Up 9.7%

FORTY traded up $14.58 during trading on Tuesday, hitting $164.33. The company’s stock had a trading volume of 1,572 shares, compared to its average volume of 850. The firm’s 50 day moving average price is $146.69 and its 200-day moving average price is $130.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.21 and a quick ratio of 1.17. The stock has a market cap of $2.52 billion, a PE ratio of 33.06 and a beta of 0.94. Formula Systems has a twelve month low of $80.15 and a twelve month high of $169.03.

Formula Systems (1985) (NASDAQ:FORTY) last released its earnings results on Thursday, November 20th. The technology company reported $0.73 EPS for the quarter. Formula Systems (1985) had a return on equity of 5.58% and a net margin of 2.70%.The firm had revenue of $696.64 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Formula Systems (1985) in a report on Monday, November 24th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.