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Formula Systems (1985) Ltd.

FORTY · NASDAQ

Market closed$107.30$-0.700000 (-0.65%)After hours $103.50 · -3.54%

Key statistics

Previous close$108.00
Open$107.32
Day high$107.50
Day low$107.30
52-week high$190.56
52-week low$102.01
Market cap1.65B
Volume99.74
Average volume388.00
P/E ratio25.55
Forward P/E—
EPS4.20
Dividend yield+12.69%

Market context

Why it moved

FORTY edged lower amid a broad market selloff driven by a deepening chip stock rout, as investors reassessed AI spending following the emergence of cost-efficient Chinese AI models and escalating U.S.-Iran tensions that weighed on overall market sentiment.

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What is happening

Recent company-specific developments and publisher coverage.

July 16, 2026Formula Systems (1985) Ltd. closed up over 1% on above-average volume, recovering from a sharp 3.8% decline the prior session that had pushed shares to $106.80. The rebound comes amid a broadly challenging backdrop for IT services stocks, which were rattled earlier in the week by IBM's Q2 earnings miss that dragged down peers including Accenture and ServiceNow. Gurufocus flagged FORTY as undervalued following Tuesday's pullback, potentially drawing bargain-hunters. Separately, a board connection surfaced as Fort Technology appointed a new director who previously served on Formula Systems' board from 2019–2024.

1.1236

July 15, 2026Formula Systems (1985) Ltd. closed sharply lower, declining nearly 4%, as a sector-wide selloff in IT services stocks weighed on the Israeli holding company. The move follows IBM's Q2 earnings miss — which triggered a broad rout across software and IT services names including Accenture, ServiceNow, and Workday — raising investor concerns about enterprise technology spending. Formula Systems, as a holding company with major stakes in Israeli IT firms Sapiens International, Magic Software, and Michpal, faced collateral pressure from the broader narrative around slowing demand in information technology services.

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July 14, 2026Formula Systems (1985) Ltd. closed sharply lower, declining 3.63%, as IT services stocks came under broad pressure following IBM's weaker-than-expected Q2 earnings pre-announcement, which rattled the sector and dragged down peers. The selloff in the Israeli technology holding company—whose subsidiaries include Sapiens International, Matrix IT, and Michpal—mirrored weakness across information technology services, with analyst price target cuts on peers like Cognizant adding to the cautious tone heading into Q2 earnings season. In after-hours trading, shares edged fractionally higher (+0.39%), suggesting limited incremental selling pressure after the close.

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July 9, 2026Formula Systems (1985) Ltd. declined on July 9 amid broader headwinds facing the IT services sector, as geopolitical tensions from the renewed U.S.-Iran conflict fueled inflation concerns and weighed on rate-sensitive technology names. The selloff in information technology services stocks was compounded by mixed signals from the sector—TCS, a global IT bellwether, reported Q1 results with profit slightly below estimates and a 21% sequential drop in its order book, reinforcing cautious sentiment around IT demand growth amid AI-driven pricing pressure and elongated client decision cycles.

-2.729

July 8, 2026Formula Systems (1985) Ltd. closed lower amid a broader technology sector selloff, as geopolitical risk resurfaced after President Trump declared the Iran interim deal 'over,' sending oil prices surging over 5% and triggering a risk-off move across equities. The IT services sector faced additional headwinds from AI-led pricing pressure and muted earnings expectations, with the Nasdaq declining and semiconductor stocks leading losses — a challenging backdrop for the Israeli-based technology holding company.

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July 6, 2026Formula Systems (1985) Ltd. closed up 1.43% during the regular session and is extending gains in after-hours trading, rising an additional 3.20% to $112.00, as the broader IT services sector sees mixed sentiment. The IT services industry is navigating AI-driven pricing pressure and subdued enterprise discretionary spending, though a strong Q2 for the Nasdaq — up 21% — has lifted valuations across technology holdings, potentially benefiting Formula Systems' diversified Israeli tech portfolio.

1.4299

July 1, 2026Formula Systems (1985) Ltd. surged nearly 5% on more than double its average trading volume, outperforming the broader IT services sector as the technology sector delivered strong first-half performance with XLK advancing approximately 28% year-to-date. The Israeli-based holding company, whose subsidiaries include Sapiens International and Matrix IT, appears to benefit from broader enterprise software and IT services momentum, with IBM rising ~3.9% and the Software & IT Services sector up over 4% on the same day amid enthusiasm around AI-driven enterprise adoption and hybrid cloud growth.

4.8917

June 30, 2026Formula Systems (1985) Ltd. edged down during the regular session, closing near its 52-week low, though shares rebounded in after-hours trading. The broader technology sector provided a constructive backdrop — the Nasdaq surged over 2% on June 30 as tech stocks led a broad market rally, supported by easing bond yields, a fragile US-Iran ceasefire, and renewed enthusiasm around AI infrastructure. Despite sector tailwinds, Formula Systems — a holding company with IT services subsidiaries including Sapiens, Michpal, and Michpal Micro — appears to be facing company-specific pressure, as it touches its 52-week low even as the XLK technology ETF has advanced roughly 28% year-to-date. The after-hours bounce of nearly 2% may reflect investors re-assessing value at these levels amid a broadly constructive IT services environment.

-0.8649

GuruFocus · July 16, 2026Is Formula Systems (1985) Ltd (FORTY) a Bargain After 3.8% Drop? GF Value Says UndervaluedMarketBeat · July 15, 2026Formula Systems (1985) (NASDAQ:FORTY) Shares Gap Down - Time to Sell?MarketBeat · July 15, 2026Formula Systems (1985) Ltd. (NASDAQ:FORTY) Sees Significant Decline in Short InterestInvesting.com · May 14, 2026Formula Systems approves $13.045 per share special dividendStock Titan · May 14, 2026Global IT group Formula Systems to hand $200M cash to investorsQuiver Quantitative · May 14, 2026Formula Systems Announces Special Cash Dividend of $13.045 per Share
Mt Newswire · May 28, 2026Formula Systems Q1 Earnings, Revenue Increase
Benzinga · May 28, 2026Formula Sys (1985) Q1 EPS $2.25 Up From $1.23 YoY, Sales $738.285M Up From $619.383M YoY
Mt Newswire · May 28, 2026Earnings Flash (FORTY) Formula Systems (1985) Posts Q1 Revenue $738.3M
Mt Newswire · May 28, 2026Earnings Flash (FORTY) Formula Systems (1985) Posts Q1 EPS $2.25
Mt Newswire · May 14, 2026Formula Systems Sets Special Dividend of $13.045 per Share for 2025, Payable June 4 to Shareholders of Record on May 25
Mt Newswire · March 26, 2026Formula Systems Q4 Earnings, Revenue Rise
Mt Newswire · March 26, 2026Earnings Flash (FORTY) Formula Systems Posts Q4 EPS $35.03
Mt Newswire · March 26, 2026Earnings Flash (FORTY) Formula Systems (1985) Posts Q4 Revenue $708.4M

Peers

S&P 500SPX · $7,457.69-1.01%Asseco Poland S.A.ACP.WA · 186.15+0.73%Matrix IT Ltd.MTRX.TA · 8,522.00+0.66%CGI Inc.GIB · $68.12-0.03%Cognizant Technology Solutions CorporationCTSH · $44.77+0.47%Infosys LimitedINFY · $11.49-0.35%Wipro LimitedWIPRO.NS · ₹176.00-0.98%CACI International IncCACI · $461.56-0.28%Broadridge Financial Solutions, Inc.BR · $149.91-2.06%Jack Henry & Associates, Inc.JKHY · $151.67-1.41%Fidelity National Information Services, Inc.FIS · $41.91-1.67%