According to the information contained in the table that TheStreetRatingsTable has provided, the research analysts at TheStreet have downgraded their rating of Formula Systems (1985) (NASDAQ: FORTY) from a “b-” rating to a “c+” rating in a report that was published on Thursday.
The investing community received Formula Systems (1985)’s (NASDAQ: FORTY) most recent earnings report on November 17th. The report was shared with the community. The technology company reported $1.09 per share for the period covered by the report. The amount in question represents the total revenue that the company raked in during the time above period. In 1985, Formula Systems had a return on equity of 7.00% and a net margin of 3.14%. Both of these figures were very favorable.
In the most recent few months, several prominent investors have been seen making modifications to their stock holdings. Within the first three months of the year, Jane Street Group LLC accomplished a 466.6 percent increase in the percentage of ownership it held in Formula Systems (1985). During the most recent quarter, Jane Street Group LLC increased its holdings in the technology company’s stock by purchasing an additional 9,439 shares. Consequently, the business currently holds 11,462 shares of the parent company’s stock, with a market value of $1,154,000. During the second quarter, FMR LLC increased its total percentage of ownership in Formula Systems (1985) by 78.8 percent. FMR LLC now has a total of 18,409 shares of the technology company’s stock after purchasing an additional 8,116 shares during the most recent quarter. The value of all of FMR LLC’s 18,409 shares of the technology company’s stock is a total of $1,708,000. The Formula Systems division of UBS Group AG was the recipient of expenditures totaling 119 thousand dollars during the third quarter of 1985three months of the year; Jane Street Group LLC accomplished a 466.6 percent increase in the percentage of ownership it held in Formula Systems (1985). During the most recent quarter, Jane Street Group LLC increased its holdings in the technology company’s stock by purchasing an additional 9,439 shares.
Consequently, the business currently holds 11,462 shares of the parent company’s stock, with a market value of $1,154,000. During the second quarter, FMR LLC increased its total percentage of ownership in Formula Systems (1985) by 78.8 percent. FMR LLC now has a total of 18,409 shares of the technology company’s stock after purchasing an additional 8,116 shares during the most recent quarter. The value of all of FMR LLC’s 18,409 shares of the technology company’s stock is a total of $1,708,000. The Formula Systems division of UBS Group AG was the recipient of expenditures totaling 119 thousand dollars during the third quarter of 1985. During the first three months of the year, the value of Dimensional Fund Advisors LP’s investment in Formula Systems (1985) increased by 43.9%. As a result of the purchase of an additional 1,219 shares during the most recent quarter, Dimensional Fund Advisors LP is now the owner of 3,998 shares of the stock held by the technology company. The current market value of these shares puts their worth at $392,000. During the second quarter of the current fiscal year, TFG Advisers LLC increased the percentage of Formula Systems (1985) stock owned by 4.6%. As a result of the purchase of 294 additional shares during the most recent quarter, TFG Advisers LLC is now the owner of a total of 6,722 shares held by the technology company. These shares are currently valued at a sum equal to $624,000. 0.29 percent of the company’s shares are held in institutional ownership.
The opening price of a share on the NASDAQ Forty on Thursday was $70.89 per token. The ratio of current assets to total assets is 1.40; the ratio of quick assets to current assets is 1.36; and the ratio of total assets to current assets is 0.37. The simple moving average of the company’s stock price over the past 50 days is $77.63, and the average over the last 200 days is $88.42. The company has a market capitalization that is currently worth 1.08 billion dollars, a PE ratio currently sitting at 13.50, and a beta currently at 1.02. Formula Systems has reached a one-year high of $123.97 and a one-year low of $70.89 during the past year.
Through its subsidiaries, Formula Systems (1985) Ltd. offers, all over the world, professional information technology services, marketing and support for software products, solutions for computer infrastructure and integration, proprietary and non-proprietary software solutions, and other types of software solutions. In addition, this company provides various services, including database and massive data services, solutions for cloud computing, telecommunications, and computing infrastructures, and computer solutions for those infrastructures. All of these services and solutions are part of what this company has to offer.
Read More: TheStreet downgraded Formula Systems (1985) (NASDAQ:FORTY) to C+.