Axa S.A. decreased its position in shares of Magic Software Enterprises Ltd. (NASDAQ:MGIC – Get Rating) by 11.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,576 shares of the software maker’s stock after selling 5,214 shares during the period. Axa S.A. owned 0.08% of Magic Software Enterprises worth $647,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Credit Suisse AG boosted its position in Magic Software Enterprises by 4.8% during the third quarter. Credit Suisse AG now owns 44,240 shares of the software maker’s stock valued at $688,000 after purchasing an additional 2,025 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Magic Software Enterprises by 16.4% in the third quarter. Dimensional Fund Advisors LP now owns 136,160 shares of the software maker’s stock worth $2,119,000 after buying an additional 19,157 shares during the last quarter. Phoenix Holdings Ltd. lifted its position in shares of Magic Software Enterprises by 2.7% in the third quarter. Phoenix Holdings Ltd. now owns 400,205 shares of the software maker’s stock worth $6,315,000 after buying an additional 10,654 shares during the last quarter. Aptus Capital Advisors LLC increased its stake in shares of Magic Software Enterprises by 6.1% in the third quarter. Aptus Capital Advisors LLC now owns 129,311 shares of the software maker’s stock worth $2,012,000 after purchasing an additional 7,485 shares during the period. Finally, Meitav Dash Investments Ltd. increased its stake in shares of Magic Software Enterprises by 3.8% in the third quarter. Meitav Dash Investments Ltd. now owns 556,986 shares of the software maker’s stock worth $8,798,000 after purchasing an additional 20,458 shares during the period. Institutional investors and hedge funds own 18.24% of the company’s stock.
Magic Software Enterprises Trading Up 1.2 %
Shares of MGIC opened at $13.75 on Wednesday. Magic Software Enterprises Ltd. has a 12-month low of $13.40 and a 12-month high of $20.24. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $674.71 million, a price-to-earnings ratio of 21.48 and a beta of 1.16. The stock’s 50-day moving average price is $16.08 and its 200 day moving average price is $16.24.
Wall Street Analysts Forecast Growth
Magic Software Enterprises Profile
Magic Software Enterprises Ltd. engages in the provision of proprietary application development and business process integration platforms, vertical software solutions, and vendor of information technology (IT) outsourcing software services. It operates through Software Services and IT Professional Services segments.
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