Bernstein Guy

stated that they own a 13.4% stake in Formula Systems (1985) Ltd. (NASDAQ:FORTY) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Monday, August 28th. The investor owns 1,971,973 shares of the stock worth approximately $74,146,185. The disclosure is available through Edgar at this link.

Bernstein Guy

provided the following explanation of their ownership:

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Separately, Sawtooth Solutions LLC raised its stake in Formula Systems (1985) by 8.6% in the second quarter. Sawtooth Solutions LLC now owns 12,433 shares of the technology company’s stock valued at $458,000 after buying an additional 980 shares during the period. Institutional investors and hedge funds own 0.10% of the company’s stock.

Formula Systems (NASDAQ FORTY) remained flat at $37.60 during mid-day trading on Monday. The company’s stock had a trading volume of 2 shares. Formula Systems has a 12 month low of $35.52 and a 12 month high of $44.20.

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Formula Systems (1985) Company Profile

Formula Systems (1985) Ltd. (Formula) is a global information technology (IT) solutions and services holding company. The Company, through its directly held subsidiary and affiliated companies, is engaged in providing software solutions and services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

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Institutional Ownership by Quarter for Formula Systems (1985) (NASDAQ:FORTY)

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