FORTY - Formula Systems (1985) Ltd.

NasdaqGS - NasdaqGS Delayed Price. Currency in USD
71.51
-2.17 (-2.95%)
At close: 11:12AM EST
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Previous Close73.68
Open72.00
Bid0.00 x 800
Ask200,000.00 x 1100
Day's Range71.27 - 72.00
52 Week Range34.50 - 74.00
Volume842
Avg. Volume357
Market Cap1.1B
Beta (5Y Monthly)0.08
PE Ratio (TTM)28.56
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.92 (1.25%)
Ex-Dividend Date2019-12-23
1y Target EstN/A
All
News
Press Releases
  • GlobeNewswire

    Formula Systems Reports Third Quarter 2019 Results

    OR YEHUDA, Israel, Nov. 19, 2019 -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology holding company engaged, through its subsidiaries and.

  • GlobeNewswire

    Formula Systems Acquires Unique Software Industries Ltd. for Approximately NIS 61 Million

    Formula Systems (1985) Ltd. (NASDAQ and TASE: FORTY) announced today that it had completed its acquisition of 100% of the outstanding shares of Unique Software Industries (“Unique”) for consideration consisting of NIS 49 million in cash, plus up to NIS 12 million of additional cash that may be paid during the four years following the closing of the acquisition, subject to Unique’s achievement of certain performance goals as defined by Formula. Unique is a software development and services company, which during its 30 years of operations, has provided integrated solutions in the field of payroll, including pay-stubs, pension services management, education funds management, and software solutions for managing employee attendance.

  • GlobeNewswire

    Formula Systems Reports Second Quarter 2019 Results

    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.

  • GlobeNewswire

    Formula Systems Reports First Quarter 2019 Results

    Operating income for the first quarter increased 23% year over year to $31.7 million. Net income attributable to Shareholders increased 39% year over year to $10.0 million.

  • GlobeNewswire

    Formula Systems Announces Filing of Annual Report for the Year Ended December 31, 2018

    Or Yehuda, Israel, May 15, 2019 --  Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology holding company engaged primarily, through its subsidiaries and.

  • PR Newswire

    Sapiens Reports First Quarter 2019 Financial Results

    HOLON, Israel , May 6, 2019 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member of ...

  • GlobeNewswire

    Completion of Israeli Series C Debenture Offering

    Formula effected the Offering pursuant to the foregoing shelf offering report and in accordance with Formula’s shelf prospectus filed with the ISA and TASE on March 25, 2019. The new Series C Debentures offered by Formula in the Offering are secured by liens on the shares of the Company’s subsidiaries and affiliate held by the Company and will be listed for trading only on the TASE. In accordance with customary Israeli practice and the Israeli Securities Law and regulations, the Offering was conducted via a two stage bidding process in which institutional investors and public investors submitted bids as to the most favorable terms that they were willing to provide to the Company.

  • GlobeNewswire

    Publication of Shelf Prospectus for Potential Offerings of Securities

    Or Yehuda, Israel, March 26, 2019 (GLOBE NEWSWIRE) --  Formula Systems (1985) Ltd. (“Formula”) published a final-form shelf prospectus with the Tel Aviv Stock Exchange (the “TASE”) and the Israel Securities Authority (the “ISA”). Pursuant to the shelf prospectus, Formula may offer from time to time an indeterminate number of ordinary shares, nonconvertible debt securities, convertible debt securities, warrants, options to purchase non-convertible debt securities, options to purchase convertible debt securities and other tradable securities of Formula.

  • GlobeNewswire

    Formula Systems Reports the Results of the Fourth Quarter and Full Year 2018 with Record-Breaking Revenues of $1.5 Billion and Net Income Attributable to Shareholders of $32.2 Million for the Year

    Operating income for the year increased by 51% year over year to $109.6 million Or Yehuda, Israel, March 19, 2019 -- Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global.

  • GlobeNewswire

    Investor Presentation Related to Potential New Israeli Debenture Series

    On March 13, 2019, Formula Systems (1985) Ltd. (“Formula”) published with the Tel Aviv Stock Exchange (the “TASE”) and the Israel Securities Authority (the “ISA”) an investor presentation that it will be using in connection with its marketing efforts for Formula’s new series of secured debentures—Series C Debentures— that may potentially be issued by Formula in Israel. A copy of the investor presentation is appended as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K (a “Form 6-K”). A description of the potential offering of the Series C Debentures in Israel was contained in Formula’s Form 6-K that it furnished to the U.S. Securities and Exchange Commission on March 11, 2019, which description is incorporated by reference herein.

  • GlobeNewswire

    Conversion of Series B Convertible Debentures

    Or Yehuda, Israel, March 12, 2019 -- Formula Systems (1985) Ltd. (“Formula”) hereby reports that a significant amount of its unsecured, convertible debentures—the Series B.

  • GlobeNewswire

    Publication of Draft Agreement with Trustee for Potential New Israeli Debenture Series

    On March 10, 2019, Formula Systems (1985) Ltd. (“Formula”) published with the Tel Aviv Stock Exchange (the “TASE”) and the Israel Securities Authority (the “ISA”) a draft agreement with a trustee for a new series of secured debentures—Series C Debentures— that may potentially be issued by Formula in Israel. Publication of the final-form indenture for the Series C Debentures, as well as the actual offering of the Series C Debentures, are subject to receipt of the required approvals under Israeli law, including the approval of the Company’s board of directors, the ISA and the TASE. Also on March 10, 2019, Formula reported publicly to the TASE and ISA that Standard & Poor’s Maalot (“S&P”) had issued a credit rating of ilAA- for the potential new secured Series C Debenture series, for an aggregate principal amount of up to NIS 300 million (par value) that may be issued and sold.

  • PR Newswire

    Sapiens Reports Fourth Quarter and Full Year 2018 Financial Results

    HOLON, Israel , Feb. 26, 2019 /PRNewswire/ -- Sapiens International Corporation , (NASDAQ: SPNS) and (TASE: SPNS), a leading global provider of software solutions for the insurance industry, and a member ...

  • GlobeNewswire

    Results of Special General Meeting held on January 4, 2019

    Or Yehuda, Israel, Jan. 07, 2019 -- On January 4, 2019, Formula Systems (1985) Ltd. (“we,” “us” or the “Company”) held a special general meeting of shareholders (the.