Stock MGIC MAGIC SOFTWARE ENTERPRISES LTD.
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Company Magic Software Enterprises Ltd.

Equities

MGIC

IL0010823123

Software

Market Closed - Nasdaq
Other stock markets
 04:00:00 2024-04-19 pm EDT 		5-day change 1st Jan Change
11.55 USD +0.87% Intraday chart for Magic Software Enterprises Ltd. -1.62% +19.20%
Mar. 14 Barclays Raises Price Target on Magic Software Enterprises to $14 From $13, Maintains Overweight Rating MT
Mar. 13 Transcript : Magic Software Enterprises Ltd., Q4 2023 Earnings Call, Mar 13, 2024

Business Summary

Magic Software Enterprises Ltd. is a provider of application development, business process integration platforms, vertical software solutions and related professional services. The Company is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. It operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.

Number of employees: 4,161

Sales per Business

USD in Million2021Weight2022Weight Delta
Information Technologies Professional Services
82.5 %
385 80.1 % 467 82.5 % +21.49%
Software Services
17.5 %
96 19.9 % 99 17.5 % +3.96%

Sales per region

USD in Million2021Weight2022Weight Delta
United States
54.4 %
254 53.0 % 308 54.4 % +21.29%
Israel
36.2 %
180 37.6 % 205 36.2 % +13.74%
Europe
6.9 %
30 6.3 % 39 6.9 % +30.45%
Japan
1.8 %
11 2.4 % 10 1.8 % -11.55%
Other
0.6 %
4 0.8 % 4 0.6 % -7.81%

Managers

Managers TitleAgeSince
Guy Shimon Bernstein CEO
 Chief Executive Officer 56 98-12-31
Asaf Berenstein DFI
 Director of Finance/CFO 46 08-07-31
Yuval Lavi CTO
 Chief Tech/Sci/R&D Officer 55 13-05-31
Karin Netzer SAM
 Sales & Marketing - 19-12-31
Stephan Romeder PRN
 Corporate Officer/Principal - -

Members of the board

Members of the board TitleAgeSince
Naamit Salomon BRD
 Director/Board Member 60 03-02-28
Guy Shimon Bernstein CEO
 Chief Executive Officer 56 98-12-31
Sagi Schliesser BRD
 Director/Board Member 52 15-10-31
Ron Ettlinger BRD
 Director/Board Member 57 14-11-30
Avi Zakay BRD
 Director/Board Member 45 18-01-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 49,099,305 26,198,474 ( 53.36 %) 0 53.36 %

Shareholders

NameEquities%Valuation
FORMULA SYSTEMS (1985) LTD.
46.26 %
22,710,106 46.26 % 260 M $
CLAL INSURANCE ENTERPRISES HOLDINGS LTD.
6.966 %
3,420,060 6.966 % 39 M $
HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD
5.330 %
2,616,739 5.330 % 30 M $
Migdal Mutual Funds Ltd.
1.472 %
722,459 1.472 % 8 M $
THE PHOENIX HOLDINGS LTD.
1.428 %
701,006 1.428 % 8 M $
Wellington Management Co. LLP
1.392 %
683,357 1.392 % 8 M $
KSM Mutual Funds Ltd.
1.214 %
596,074 1.214 % 7 M $
Renaissance Technologies LLC
0.8088 %
397,064 0.8088 % 5 M $
Naples Global Advisors LLC
0.5558 %
272,860 0.5558 % 3 M $
ARK Investment Management LLC
0.4001 %
196,441 0.4001 % 2 M $

Company contact information

Magic Software Enterprises Ltd.

Yahadut Canada 1 Street

6037501, Or Yehuda

+972 3 538 9292

http://www.magicsoftware.com
address Magic Software Enterprises Ltd.(MGIC)

Sector

Technology
Software & IT Services
Software & IT Services
Software
Other Software

Sales per Business

Sales per region

Ratings for Magic Software Enterprises Ltd.

Trading Rating
Investor Rating
ESG Refinitiv
C-
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
11.45 USD
Average target price
14 USD
Spread / Average Target
+22.27%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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