Company: Formula Systems (1985) Ltd. (FORTY)
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Company Profile: 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. -Morningstar.com-
Symbol: FORTY
Recent Price: $69.28
Dividends: $1.24
Yield: 1.79%
Sector: Technology
Industry: Information Technology Services
Address & Company Phone #: 5 HaPlada Street Or Yehuda 60218, 972 3 538 9487
Transfer Agent: Computershare 866-857-2216
Moody’s Rating: NR
Minimum & Maximum Investment: $50 – $100,000/year
Investment Dates: Weekly
Shares to Qualify: 1 Share or $200
Fees: Div.: 5% of amount invested up to $5 Max Cash: $5+10¢/sh. Cert: Sells: by Mail, Phone or Internet for $25+12¢/sh.
52 Week High & Low: $86.06, $55.97