Formula Systems (1985) Ltd. - American Depositary Shares (FORTY)
110.00
+1.50 (1.38%)
NASDAQ · Last Trade: Jun 2nd, 12:13 AM EDT
Detailed Quote
Previous Close
108.50
Open
110.00
Bid
54.81
Ask
162.00
Day's Range
110.00 - 110.00
52 Week Range
69.07 - 107.00
Volume
279
Market Cap
1.68B
PE Ratio (TTM)
-
EPS (TTM)
-
Dividend & Yield
1.248 (1.13%)
1 Month Average Volume
523
Chart
About Formula Systems (1985) Ltd. - American Depositary Shares (FORTY)
Formula Systems is a global technology company focused on providing innovative software solutions and IT services. It operates through various subsidiaries that specialize in creating custom applications, enterprise resource planning (ERP) systems, and cloud-based solutions aimed at enhancing business processes for diverse industries. With a strong emphasis on research and development, the company leverages its technological expertise to deliver advanced products and services that streamline operations, improve efficiency, and drive digital transformation for its clients. Read More
FORMULA SYSTEMS (NASDAQ:FORTY) meets key quality investing criteria with strong ROIC, EBIT growth, and solid cash flow conversion, making it a stock worth further research.
OR YEHUDA, Israel, May 19, 2025 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (Nasdaq and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”) on Wednesday, May 14 2025. The annual report on Form 20-F, which contains Formula’s audited annual financial statements for 2024, can be accessed on the SEC’s website at http://www.sec.gov, as well as via the Company’s investor relations website at https://www.formulasystems.com/en/financial-reports.
OR YEHUDA, Israel, Aug. 05, 2024 (GLOBE NEWSWIRE) -- 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, non-convertible debentures—Series D Debentures— that may potentially be issued by Formula in Israel. The Series D Debentures would be secured by a first lien on certain shares of certain publicly-traded subsidiaries held by Formula—specifically, Matrix IT Ltd., Sapiens International Corporation N.V., and Magic Software Enterprises Ltd.— with the number of pledged shares to be determined based on a loan-to-value ratio that will not exceed 60% of the value of the pledged shares.
Or Yehuda, Israel, May 15, 2024 (GLOBE NEWSWIRE) -- Formula Systems (1985) Ltd. (NASDAQ and TASE: FORTY) (“Formula” or the “Company”), a global information technology group engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, announced today that it has filed its annual report containing audited consolidated financial statements for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission. The annual report is available on the Company’s website (www.formulasystems.com). Shareholders may receive a hard copy of the annual report free of charge upon request.
U.S. stocks traded slightly higher, with the Nasdaq Composite gaining around 10 points on Monday. Here are some big stocks recording losses in today’s session.
U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 100 points on Monday. The Dow traded up 0.42% to 33,531.77 while the NASDAQ rose 0.97% to 11,802.73. The S&P 500 also rose, gaining, 0.69% to 4,073.40.
Formula Systems (1985) Ltd (NASDAQ: FORTY) reported second-quarter FY21 revenue growth of 34.5% year-on-year to $587.9 million.
Segments: As of June 30, 2021...
Formula Systems (1985) Ltd (NASDAQ: FORTY) reported first-quarter FY21 revenue growth of 22.8% year-on-year to $572.6 million.
Gross margin remained stable at 22...
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