Magic Software Enterprises (MGIC)

• Market cap: $575M
• 1 day: -3.14%
• 5 days: -2.66%
• 1 month: -8.94%
• 3 months: 3.26%
• 6 months: 8.43%
• Year to date: -1.51%
• 1 year: 21.10%
• 5 years: 13.25%
• 10 years: 91.97%

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

117% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 6

13% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 15

8% more funds holding

Funds holding: 62 [Q2] → 67 (+5) [Q3]

0.77% less ownership

Funds ownership: 14.51% [Q2] → 13.74% (-0.77%) [Q3]

15% less capital invested

Capital invested by funds: $94M [Q2] → $80.1M (-$13.9M) [Q3]

73% less call options, than puts

Call options by funds: $61K | Put options by funds: $228K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $15 28% upside
• Avg. target: $15 28% upside
• High target: $15 28% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Barclays Tavy Rosner 50% 1-year accuracy 6 / 12 met price target

28% upside $15

Overweight Maintained

19 Nov 2024