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

Formula Systems (1985) Ltd. (NASDAQ:FORTY - Get Free Report) 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 - Get Free Report) 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".

Read Our Latest Report on Formula Systems (1985)

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.

Read More

• Five stocks we like better than Formula Systems (1985)
• How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
• Dell Just Hit a Record in AI Orders—But the Real Test Starts Now
• What is the Shanghai Stock Exchange Composite Index?
• Here's Who Wins If Trump's 50-Year Mortgages Come to Market
• What Does a Gap Up Mean in Stocks? How to Play the Gap
• NVIDIA’s $2B Power Play: Securing the Future of Chip Design

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Formula Systems (1985) Right Now?

Before you consider Formula Systems (1985), you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Formula Systems (1985) wasn't on the list.

While Formula Systems (1985) currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here