MGIC

Magic Software Enterprises
MGIC

$11.38

0.09%

Market Cap: $559M

About: Magic Software Enterprises Ltd is a software development company. The company's operating segment includes Software Services and IT Professional Services. It generates maximum revenue from the IT Professional Services segment. IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, as well as supplemental outsourcing services. Geographically, it derives a majority of revenue from the United States and also has a presence in Israel; Europe; Japan, and Other countries.

Employees: 3,628

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

13% more capital invested

Capital invested by funds: $82.6M [Q1] → $93.5M (+$10.9M) [Q2]

9% more funds holding

Funds holding: 57 [Q1] → 62 (+5) [Q2]

0.25% less ownership

Funds ownership: 14.65% [Q1] → 14.39% (-0.25%) [Q2]

45% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 20

89% less call options, than puts

Call options by funds: $77K | Put options by funds: $726K

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Research analyst outlook

We haven’t received any recent analyst ratings for MGIC.

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Financial journalist opinion

Magic Software Enterprises Ltd. (MGIC) Q2 2024 Earnings Call Transcript

Magic Software Enterprises Ltd. (NASDAQ:MGIC ) Q2 2024 Earnings Conference Call August 14, 2024 10:30 AM ET Company Participants Asaf Berenstin - CFO Guy Bernstein - CEO Conference Call Participants Maggie Nolan - William Blair Chris Reimer - Barclays Operator Ladies and gentlemen, thank you for standing by.

Magic Software Enterprises Ltd. (MGIC) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Magic Software (MGIC) Q2 Earnings and Revenues Beat Estimates

Magic Software (MGIC) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.28 per share a year ago.

Magic Software (MGIC) Q2 Earnings and Revenues Beat Estimates

Magic Software Reports Second Quarter and First Half 2024 Financial Results

OR YEHUDA, Israel, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today its financial results for the second quarter and first half ended June 30, 2024.

Magic Software Reports Second Quarter and First Half 2024 Financial Results

Magic Software to Announce 2024 Second Quarter Financial Results on August 14th, 2024

Or Yehuda, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT consulting services and end-to-end integration and low-code application development platforms, announced today that it will report its financial results for the second quarter of 2024 on Wednesday, August 14th ,2024.

Magic Software to Announce 2024 Second Quarter Financial Results on August 14th, 2024

Zacks Investment Research

Is Magic Software Enterprises (MGIC) Outperforming Other Computer and Technology Stocks This Year?

Here is how Magic Software (MGIC) and HUYA Inc. Sponsored ADR (HUYA) have performed compared to their sector so far this year.

Is Magic Software Enterprises (MGIC) Outperforming Other Computer and Technology Stocks This Year?

Zacks Investment Research

Is Magic Software Enterprises (MGIC) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Magic Software Enterprises (MGIC) a Great Value Stock Right Now?

Zacks Investment Research

Down -9.84% in 4 Weeks, Here's Why You Should You Buy the Dip in Magic Software (MGIC)

The heavy selling pressure might have exhausted for Magic Software (MGIC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -9.84% in 4 Weeks, Here's Why You Should You Buy the Dip in Magic Software (MGIC)

Zacks Investment Research

Should Value Investors Buy Magic Software Enterprises (MGIC) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Magic Software Enterprises (MGIC) Stock?

Magic Software Enterprises Ltd. (MGIC) Q1 2024 Earnings Call Transcript

Magic Software Enterprises Ltd. (NASDAQ:MGIC ) Q1 2024 Earnings Conference Call May 16, 2024 10:00 AM ET Company Participants Asaf Berenstin - Chief Financial Officer Guy Bernstein - Chief Executive Officer Yuval Lavi - Chief Technology Officer Operator Ladies and gentlemen, thank you for standing by.

Magic Software Enterprises Ltd. (MGIC) Q1 2024 Earnings Call Transcript

Zacks Investment Research

Magic Software (MGIC) Surpasses Q1 Earnings and Revenue Estimates

Magic Software (MGIC) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.26 per share a year ago.

Magic Software (MGIC) Surpasses Q1 Earnings and Revenue Estimates

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