Formula Systems (1985) (NASDAQ:FORTY) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued on Monday, TheStreetRatingsTable reports.

Shares of FORTY stock opened at $88.51 on Monday. The company has a current ratio of 1.51, a quick ratio of 1.48 and a debt-to-equity ratio of 0.42. Formula Systems has a 12-month low of $62.01 and a 12-month high of $99.06. The stock has a market capitalization of $1.35 billion, a P/E ratio of 30.52 and a beta of 1.04. The firm’s 50 day moving average is $89.73 and its 200 day moving average is $85.96.

Formula Systems (1985) (NASDAQ:FORTY) last released its quarterly earnings results on Wednesday, March 17th. The technology company reported $0.76 earnings per share (EPS) for the quarter. Formula Systems (1985) had a return on equity of 4.93% and a net margin of 2.44%. The firm had revenue of $543.24 million for the quarter.

A hedge fund recently raised its stake in Formula Systems (1985) stock. TFG Advisers LLC raised its stake in shares of Formula Systems (1985) Ltd. (NASDAQ:FORTY) by 9.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,948 shares of the technology company’s stock after purchasing an additional 536 shares during the period. TFG Advisers LLC’s holdings in Formula Systems (1985) were worth $508,000 as of its most recent SEC filing. 0.15% of the stock is currently owned by institutional investors.

About Formula Systems (1985)

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, application integration, database and systems, data management, and software development tools; and professional training courses and advanced professional studies.

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