Formula Systems/$FORTY

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About Formula Systems

Formula Systems (1985) Ltd is a holding company that, through its subsidiaries, provides information technology services. The company organizes itself into operating segments: The Matrix segment, which generates the majority of revenue, provides software development and existing software expansion services. The Sapiens segment provides software development services for the insurance industry. The Magic Software segment provides vendor management systems and workforce management services, which include accounting and finance, human resources, Michpal, ZAP Group, and Others. The majority of the company's revenue comes from Israel.

Ticker

$FORTY
Primary listing

Industry

IT Services

Headquarters

Or Yehuda, Israel

Employees

22,720

Formula Systems Metrics

BasicAdvanced
$2B
24.74
$5.21
-
$1.13
0.88%

Bulls say / Bears say

Formula Systems reported a 19.1% increase in operating income for Q4 2024, reaching $71.9 million, indicating strong operational performance. (Investing.com)
The company declared a dividend of approximately $0.94 per share, payable on May 14, 2025, reflecting confidence in its financial health. (Investing.com)
Magic Software, a subsidiary of Formula Systems, introduced 2025 revenue guidance of $593 million to $603 million, implying 7.3% to 9.1% growth, suggesting positive future prospects. (Investing.com)
Wall Street Zen downgraded Formula Systems' stock rating from 'strong-buy' to 'buy' on June 21, 2025, indicating reduced analyst confidence. (MarketBeat)
The company's stock price experienced a 7.3% decline on March 27, 2025, raising concerns about market volatility. (MarketBeat)
Institutional ownership slightly decreased from 5.57% in Q4 2024 to 5.56% in Q1 2025, suggesting marginally reduced institutional confidence. (Wallstrank)
Data summarised monthly by Lightyear AI. Last updated on 8 Jul 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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Aug1
Formula Systems
Dividend·Payment
$0.469413Per share
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