Formula Systems (1985) Ltd. (NASDAQ:FORTY) Short Interest Up 30.8% in October

Formula Systems (1985) Ltd. (NASDAQ:FORTY) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 1,700 shares, an increase of 30.8% from the October 15th total of 1,300 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 400 shares, the days-to-cover ratio is presently 4.3 days.

Formula Systems (1985) Price Performance

Shares of FORTY opened at $80.05 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.40 and a quick ratio of 1.37. Formula Systems has a 12 month low of $58.29 and a 12 month high of $87.70. The stock has a fifty day moving average price of $79.41 and a 200 day moving average price of $77.62. The company has a market cap of $1.23 billion, a P/E ratio of 18.57 and a beta of 1.09.

Formula Systems (1985) (NASDAQ:FORTY) last announced its quarterly earnings data on Tuesday, August 20th. The technology company reported $1.20 earnings per share for the quarter. Formula Systems (1985) had a return on equity of 5.21% and a net margin of 2.53%. The business had revenue of $667.68 million during the quarter.

Formula Systems (1985) Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, September 26th. Stockholders of record on Thursday, September 12th were given a $0.63 dividend. This is a positive change from Formula Systems (1985)’s previous Semi-Annual dividend of $0.45. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 1.2%. Formula Systems (1985)’s dividend payout ratio (DPR) is currently 20.88%.

Institutional Trading of Formula Systems (1985)

A hedge fund recently bought a new stake in Formula Systems (1985) stock. Jane Street Group LLC bought a new position in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,772 shares of the technology company’s stock, valued at approximately $222,000. 34.76% of the stock is owned by institutional investors and hedge funds.

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.