Altshuler Shaham Ltd Has $536,000 Stock Position in Formula Systems (1985) Ltd. (NASDAQ:FORTY)

Altshuler Shaham Ltd raised its holdings in Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 7.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,385 shares of the technology company’s stock after acquiring an additional 450 shares during the quarter. Altshuler Shaham Ltd’s holdings in Formula Systems (1985) were worth $536,000 at the end of the most recent quarter.

Separately, Jane Street Group LLC bought a new position in Formula Systems (1985) in the third quarter worth approximately $222,000. 34.76% of the stock is currently owned by institutional investors and hedge funds.

Formula Systems (1985) Trading Down 1.1 %

NASDAQ FORTY opened at $86.33 on Thursday. The company has a quick ratio of 1.38, a current ratio of 1.41 and a debt-to-equity ratio of 0.22. Formula Systems has a 52 week low of $69.07 and a 52 week high of $100.00. The business has a 50 day moving average price of $92.28 and a 200-day moving average price of $88.39. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 17.91 and a beta of 1.02.

Formula Systems (1985) (NASDAQ:FORTY) last posted its earnings results on Thursday, March 20th. The technology company reported $1.28 EPS for the quarter. The company had revenue of $691.50 million during the quarter. Formula Systems (1985) had a net margin of 2.78% and a return on equity of 5.68%.

Formula Systems (1985) Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 27th. Investors of record on Wednesday, April 30th will be given a dividend of $0.6855 per share. This is a boost from Formula Systems (1985)’s previous semi-annual dividend of $0.63. The ex-dividend date is Wednesday, April 30th. This represents a dividend yield of 1%. Formula Systems (1985)’s payout ratio is presently 26.92%.

About Formula Systems (1985)

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.