How have FORTY shares performed in 2024?

Formula Systems (1985)'s stock was trading at $65.31 at the beginning of 2024. Since then, FORTY stock has increased by 13.5% and is now trading at $74.15. View the best growth stocks for 2024 here .

Are investors shorting Formula Systems (1985)?

Formula Systems (1985) saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,500 shares, a decline of 16.7% from the March 15th total of 1,800 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 3.8 days. Approximately 0.0% of the company's stock are sold short. View Formula Systems (1985)'s Short Interest .

When is Formula Systems (1985)'s next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024. View our FORTY earnings forecast .

How were Formula Systems (1985)'s earnings last quarter?

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

How often does Formula Systems (1985) pay dividends? What is the dividend yield for Formula Systems (1985)?

Formula Systems (1985) declared a Variable dividend on Tuesday, March 19th. Investors of record on Thursday, April 4th will be paid a dividend of $0.63 per share on Monday, April 29th. This represents a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 3rd. Read our dividend analysis for FORTY .

Is Formula Systems (1985) a good dividend stock?

Formula Systems (1985) (NASDAQ:FORTY) pays an annual dividend of $0.91 per share and currently has a dividend yield of 1.22%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.03%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for FORTY .

How do I buy shares of Formula Systems (1985)?

Shares of FORTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:FORTY

Formula Systems (1985) (FORTY) Stock Price, News & Analysis

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$74.15

0.00 (0.00%)

(As of 04/19/2024 ET)

Compare

Today's Range: $74.15
▼
$74.15
50-Day Range: $66.65
▼
$83.09
52-Week Range: $55.97
▼
$83.19

Volume: 7 shs
Average Volume: 527 shs
Market Capitalization: $1.14 billion

P/E Ratio: 17.95
Dividend Yield: 1.23%
Price Target: N/A

Get Formula Systems (1985) alerts:

Formula Systems (1985) MarketRank™ Stock Analysis

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.01% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.42
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.68 out of 5 stars

Computer And Technology Sector

344th out of 585 stocks

Custom Computer Programming Services Industry

13th out of 23 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Formula Systems (1985).

5.0

Short Interest

Percentage of Shares Shorted
0.01% of the float of Formula Systems (1985) has been sold short.
Short Interest Ratio / Days to Cover
Formula Systems (1985) has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Formula Systems (1985) has recently decreased by 16.67%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Yield
Formula Systems (1985) pays a meaningful dividend of 1.22%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Formula Systems (1985) has only been increasing its dividend for 2 years.
Dividend Coverage
The dividend payout ratio of Formula Systems (1985) is 22.03%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FORTY.

1.9

News and Social Media Coverage

News Sentiment
Formula Systems (1985) has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Formula Systems (1985) this week, compared to 1 article on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Formula Systems (1985) insiders have not sold or bought any company stock.
Percentage Held by Insiders
23.30% of the stock of Formula Systems (1985) is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 34.76% of the stock of Formula Systems (1985) is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Formula Systems (1985) is 17.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.59.
Price to Earnings Ratio vs. Sector
The P/E ratio of Formula Systems (1985) is 17.95, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 250.26.
Price to Book Value per Share Ratio
Formula Systems (1985) has a P/B Ratio of 0.87. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Formula Systems (1985) Stock (NASDAQ:FORTY)

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. It also provides customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, application integration, database and systems, data management, and software development tools; and application and professional training courses, and advanced professional studies. In addition, the company offers property and casualty insurance platforms, such as Sapiens, Sapiens CoreSuite, Sapiens IDITSuite, and IDIT Go; life, pension, and annuities platforms, including Sapiens, Sapiens CoreSuite, Sapiens UnderwritingPro, Sapiens ApplicationPro, Sapiens IllustrationPro, and Sapiens ConsolidationMaster; Sapiens Cloud-based DigitalSuite; data and analytics platform; and reinsurance software solutions comprising Sapiens ReinsuranceMaster, Sapiens ReinsurancePro, and Sapiens Reinsurance GO. Further, it provides Sapiens workers' compensation solutions; Sapiens medical professional liability solutions; financial and compliance solutions, such as Sapiens FinancialPro, Sapiens Financial GO, Sapiens StatementPro, Sapiens CheckPro, and Sapiens Reporting Tools; Sapiens Decision; and technology-based solutions. Additionally, it offers application development and business process integration platforms; vertical software solutions; strategic consulting and outsourcing services; and professional services in various areas, as well as develops on-premise payroll software. The company was incorporated in 1985 and is headquartered in Or Yehuda, Israel.

FORTY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FORTY Stock News Headlines

April 19, 2024 | morningstar.com

Formula Systems (1985) Ltd

April 8, 2024 | msn.com

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Formula Systems (1985) Ltd.: Formula Systems Reports Fourth Quarter and Full Year 2023 Financial Results

March 19, 2024 | washingtonpost.com

Formula Systems: Q4 Earnings Snapshot

March 19, 2024 | finance.yahoo.com

Formula Systems Reports Fourth Quarter and Full Year 2023 Financial Results

March 19, 2024 | globenewswire.com

Formula Systems Reports Fourth Quarter and Full Year 2023 Financial Results

April 20, 2024 | Weiss Ratings (Ad)

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March 18, 2024 | msn.com

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March 15, 2024 | msn.com

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February 26, 2024 | omaha.com

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February 21, 2024 | msn.com

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February 5, 2024 | dailymail.co.uk

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February 2, 2024 | msn.com

1984’s 40 Most Awesome Music Videos

February 2, 2024 | dailymail.co.uk

The convicted sex offender who used Christianity to remain in the UK: Chemical attack fugitive Adul Ezedi was granted asylum after claiming he'd converted religion - as manhunt ...

February 1, 2024 | morningstar.com

Formula Systems (1985) Ltd FORTY

January 31, 2024 | news.yahoo.com

Complete Text of F1 Decision Against Michael Andretti's Bid for Entry into Formula 1

January 13, 2024 | msn.com

Formula E Preview: Driver Changes Highlight 10th Season Opener

January 2, 2024 | msn.com

Formula recall impacts nearly 700,000 cans of hypoallergenic formula

November 22, 2023 | finanznachrichten.de

Formula Systems (1985) Ltd.: Formula Systems Reports Third Quarter and Nine Months 2023 Financial Results:

November 22, 2023 | finance.yahoo.com

Formula Systems Reports Third Quarter and Nine Months 2023 Financial Results:

November 17, 2023 | msn.com

‘Unacceptable’: Formula One practice halted, to resume at 2 a.m.

November 14, 2023 | msn.com

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November 11, 2023 | msn.com

Formula One driver gives Las Vegas track a try on video game

November 10, 2023 | msn.com

Formula 1: How do a safety car and virtual safety car work in F1

See More Headlines

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Company Calendar

Last Earnings: 3/19/2024
Ex-Dividend for 4/29 Dividend: 4/03/2024
Today: 4/19/2024
Dividend Payable: 4/29/2024
Next Earnings (Estimated): 5/28/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Custom computer programming services
Sub-Industry: N/A
Current Symbol: NASDAQ:FORTY
CUSIP: N/A
CIK: 1045986
Web: www.formulasystems.com
Phone: (723) 538-9389
Fax: 972-3538-9645
Employees: 22,059
Year Founded: N/A

Profitability

EPS (Most Recent Fiscal Year): $4.13
Trailing P/E Ratio: 17.95
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $64.01 million
Net Margins: 2.44%
Pretax Margin: 8.05%
Return on Equity: 5.17%
Return on Assets: 2.33%

Debt

Debt-to-Equity Ratio: 0.24
Current Ratio: 1.39
Quick Ratio: 1.35

Sales & Book Value

Annual Sales: $2.62 billion
Price / Sales: 0.43
Cash Flow: $12.85 per share
Price / Cash Flow: 5.77
Book Value: $85.41 per share
Price / Book: 0.87

Miscellaneous

Outstanding Shares: 15,320,000
Free Float: 11,749,000
Market Cap: $1.14 billion
Optionable: Not Optionable
Beta: 1.08

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Key Executives

Mr. Guy Bernstein (Age 56)
Chief Executive Officer
Comp: $4.07M
Mr. Asaf Berenstin (Age 46)
Chief Financial Officer
Comp: $50k
Ms. Maya Solomon-Ella (Age 46)
Chief Operational Officer
Comp: $283k

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

FORTY Stock Analysis - Frequently Asked Questions

How have FORTY shares performed in 2024?: Formula Systems (1985)'s stock was trading at $65.31 at the beginning of 2024. Since then, FORTY stock has increased by 13.5% and is now trading at $74.15.
View the best growth stocks for 2024 here.
Are investors shorting Formula Systems (1985)?: Formula Systems (1985) saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,500 shares, a decline of 16.7% from the March 15th total of 1,800 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 3.8 days. Approximately 0.0% of the company's stock are sold short.
View Formula Systems (1985)'s Short Interest.
When is Formula Systems (1985)'s next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 28th 2024.
View our FORTY earnings forecast.
How were Formula Systems (1985)'s earnings last quarter?: Formula Systems (1985) Ltd. (NASDAQ:FORTY) announced its quarterly earnings data on Tuesday, March, 19th. The technology company reported $1.01 earnings per share (EPS) for the quarter. The technology company had revenue of $640.29 million for the quarter. Formula Systems (1985) had a net margin of 2.44% and a trailing twelve-month return on equity of 5.17%.

How often does Formula Systems (1985) pay dividends? What is the dividend yield for Formula Systems (1985)?: Formula Systems (1985) declared a Variable dividend on Tuesday, March 19th. Investors of record on Thursday, April 4th will be paid a dividend of $0.63 per share on Monday, April 29th. This represents a yield of 1.1%. The ex-dividend date of this dividend is Wednesday, April 3rd.
Read our dividend analysis for FORTY.
Is Formula Systems (1985) a good dividend stock?: Formula Systems (1985) (NASDAQ:FORTY) pays an annual dividend of $0.91 per share and currently has a dividend yield of 1.22%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.03%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for FORTY.
How do I buy shares of Formula Systems (1985)?: Shares of FORTY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:FORTY) was last updated on 4/20/2024 by MarketBeat.com Staff

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Formula Systems (1985) (FORTY) Stock Price, News & Analysis

Formula Systems (1985) MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Formula Systems (1985) Stock (NASDAQ:FORTY)

FORTY Stock Price History

FORTY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

FORTY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™