Global Retirement Partners LLC Takes Position in Magic Software Enterprises Ltd. $MGIC

Global Retirement Partners LLC bought a new position in Magic Software Enterprises Ltd. (NASDAQ:MGIC) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 372,642 shares of the software maker’s stock, valued at approximately $5,254,000. Global Retirement Partners LLC owned 0.76% of Magic Software Enterprises as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. State of Wyoming purchased a new stake in Magic Software Enterprises during the 2nd quarter valued at $179,000. GSA Capital Partners LLP purchased a new position in Magic Software Enterprises during the second quarter worth $2,735,000. XTX Topco Ltd purchased a new position in Magic Software Enterprises during the fourth quarter worth $336,000. Altshuler Shaham Ltd increased its position in Magic Software Enterprises by 187,232.6% during the fourth quarter. Altshuler Shaham Ltd now owns 252,899 shares of the software maker’s stock valued at $6,580,000 after acquiring an additional 252,764 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Magic Software Enterprises by 4.0% during the fourth quarter. Lazard Asset Management LLC now owns 24,734 shares of the software maker’s stock valued at $637,000 after acquiring an additional 955 shares during the last quarter. Institutional investors own 24.70% of the company’s stock.

Magic Software Enterprises Stock Performance

Shares of MGIC opened at $17.38 on Monday. The company’s fifty day simple moving average is $17.38 and its 200-day simple moving average is $18.02. The company has a market cap of $853.36 million, a P/E ratio of 21.46 and a beta of 0.73. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.11. Magic Software Enterprises Ltd. has a twelve month low of $11.65 and a twelve month high of $28.00.

Magic Software Enterprises Profile

Magic Software Enterprises Ltd. is a global provider of enterprise software solutions that enable organizations to develop, integrate and manage business applications across cloud and on-premises environments. Serving clients in industries such as financial services, healthcare, manufacturing and distribution, the company’s platforms are designed to accelerate digital transformation by streamlining the creation of web, desktop and mobile applications while ensuring seamless data flow between disparate systems.

The company’s flagship offering, the Magic xpa Application Platform, provides a low-code development environment that simplifies the design, deployment and maintenance of enterprise applications.