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Formula Systems (1985) Ltd. (FORTY)

Stock Price: $90.40 USD -0.20 (-0.22%)
Updated May 7, 2021 4:00 PM EDT - Market closed
Market Cap 1.38B
Revenue (ttm) 1.70B
Net Income (ttm) 38.82M
Shares Out 15.29M
EPS (ttm) 3.01
PE Ratio 30.03
Forward PE n/a
Dividend $1.18
Dividend Yield 1.31%
Trading Day May 7
Last Price $90.40
Previous Close $90.60
Change ($) -0.20
Change (%) -0.22%
Day's Open 90.95
Day's Range 89.80 - 91.83
Day's Volume 5,687
52-Week Range 64.08 - 98.38

News

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The results for the fourth quarter and for the full year 2020 reflect double digit growth in revenues, gross profit, operating income and net income. The results for the fourth quarter and for the full ...

1 month ago - GlobeNewsWire

HOLON, Israel, Feb. 25, 2021 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member of t...

Other stocks mentioned: SPNS
2 months ago - PRNewsWire

Operating income for the third quarter increased by 23% year-over-year to a record breaking $45.4 million. Net income attributable to Formula's Shareholders for the third quarter increased by 29% year-o...

5 months ago - GlobeNewsWire

HOLON, Israel, Nov. 5, 2020 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member of th...

Other stocks mentioned: SPNS
6 months ago - PRNewsWire

Operating income for the second quarter increased 24% year-over-year to a record breaking $40.7 million. Net income attributable to Formula’s Shareholders for the second quarter increased 24% year-over-...

8 months ago - GlobeNewsWire

HOLON, Israel, Aug. 4, 2020 /PRNewswire/ -- Sapiens International Corporation, (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member o...

9 months ago - PRNewsWire

Or Yehuda, Israel, June 29, 2020 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd.  ( NASDAQ: FORTY ), a global information technology holding company engaged, through its subsidiaries and affiliates, ...

10 months ago - GlobeNewsWire

The acquisition, completed by Michpal Micro Computers, a wholly owned subsidiary of Formula Systems, enables Michpal to expand its operations in the field Financial Accounting, Taxation and Compliance f...

10 months ago - GlobeNewsWire

Operating income for the first quarter increased 22% year-over-year to a record breaking $38.8 million. Net income attributable to Formula’s Shareholders for the first quarter increased 10% year-over-ye...

11 months ago - GlobeNewsWire

Growing sales is an essential catalyst to higher share prices. The S&P 500’s total sales grew by about 4% over the past five years through Sept.

Other stocks mentioned: LVMUY, VRSK
1 year ago - GuruFocus

The acquisition enables the Group to expand its operations in the field of management of payroll and human resources, in which it currently operates through its subsidiary, Michpal

1 year ago - GlobeNewsWire

Operating income for the second quarter increased 32% year over year to $32.7 million. Net income attributable to Shareholders for the first half of 2019 increased 28% year over year to $19.1 million  

1 year ago - GlobeNewsWire

About FORTY

Formula Systems (1985) Ltd., through its subsidiaries, provides software, proprietary and non-proprietary software, and software product marketing and support services in Israel and internationally. The company offers computer and telecommunication infrastructure solutions; computer solutions to computer and communications infrastructures; cloud computing solutions; database and big data services; customer relations management, computer systems management infrastructures, web world content management, database and data warehouse mining, applica... [Read more...]

Industry
Information Technology Services
IPO Date
Oct 21, 1997
CEO
Guy Bernstein
Country
Israel
Stock Exchange
NASDAQ
Ticker Symbol
FORTY
Full Company Profile

Financial Performance

In 2019, FORTY's revenue was $1.70 billion, an increase of 13.94% compared to the previous year's $1.49 billion. Earnings were $38.82 million, an increase of 19.94%.

Financial Statements