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Formula Systems (1985) Ltd (NASDAQ:FORTY) has reached a 52-week high, with its stock price climbing to $116.06 USD. This milestone highlights the company’s strong performance over the past year, with a remarkable 59.11% return. According to InvestingPro analysis, the company maintains a "GREAT" financial health score and appears undervalued based on its Fair Value estimate. The significant increase reflects investor confidence and the company’s strategic growth initiatives. This 52-week high is a testament to Formula Systems’ resilience and market position, supported by solid fundamentals including a healthy 24.92% gross profit margin and moderate debt levels. InvestingPro has identified 10 additional investment tips for Formula Systems, including insights about its shareholder yield and dividend consistency.
In other recent news, Formula Systems reported fourth-quarter earnings that exceeded expectations. The company achieved adjusted earnings per share of $1.28, surpassing analyst estimates, and saw revenue increase by 8% year-over-year to $691.5 million, also beating forecasts. Operating income rose 19.1% from the previous year, reaching $71.9 million. Formula Systems highlighted strong organic growth across its software and IT services businesses, with key subsidiaries like Matrix IT and Magic Software (ETR:SOWGn) reporting record results. Matrix IT experienced its best fourth quarter ever, with a 4.1% revenue increase to approximately $371.8 million. Magic Software has introduced revenue guidance for 2025, projecting growth between 7.3% and 9.1%. Additionally, Formula Systems declared a dividend of approximately $0.94 per share, to be paid on May 14, 2025. These developments reflect the company’s strong performance and positive outlook.
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