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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/12/2025 | Outperform → Mkt Perform | William Blair |
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
SC 13G/A - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
SC 13G - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Subject)
OR YEHUDA, Israel, March 11, 2025 (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 fourth quarter and full year ended December 31, 2024. Summary Results for the Fourth Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q4 2024Q4 2023% Change Q4 2024Q4 2023% ChangeRevenues$142.6 $125.5 13.6% $142.6 $125.5 13.6% Gross profit$42.0 $37.0 13.5% $43.2 $38.6 11.9% Gross margin 29.4% 29.4% - 30.3% 30.8% (50) bps Operating income$16.7 $13.0 28.6% $18.8 $17.7 6.1
OR YEHUDA, Israel, Nov. 18, 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 third quarter and first nine months period ended September 30, 2024. Summary Results for the Third Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q3 2024Q3 2023% Change Q3 2024Q3 2023% ChangeRevenues$143.0 $129.5 10.4% $143.0 $129.5 10.4%Gross profit$39.7 $36.8 7.7% $41.0 $38.1 7.8%Gross margin 27.8% 28.4%(60) bps 28.7% 29.4%(70) bpsOperating income$15.1 $13.3 13.1% $18.5
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. Summary Results for the Second Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q2 2024Q2 2023% Change Q2 2024Q2 2023% ChangeRevenues$136.3 $137.6 (1.0%) $136.3 $137.6 (1.0%)Gross profit$38.8 $40.3 (3.6%) $40.1 $41.6 (3.7%)Gross margin 28.5% 29.3% (80) bps 29.4% 30.3% (90) bpsOperating income$15.0 $15.4 (2.6%) $18.2 $18
NT 20-F - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
6-K - MAGIC SOFTWARE ENTERPRISES LTD (0000876779) (Filer)
Melanie McFaddin, representative of Wiley Bros – Aintree Capital &Partners, LLC ("WBAC") is pleased to announce its representation of Theoris, Inc. ("Theoris" and the "Company") in its sale to CoreTech Consulting Group, LLC ("CoreTech"). Theoris' addition to the CoreTech portfolio of companies expands its presence in the MidWest. Theoris was founded in 1984 by Mike Cunnigham as Software Synergy, Inc. and was rebranded as Theoris in 2000. As the original premier IT staffing firm in the Indianapolis market, the Company has expanded over the last 40 years to service clients in 24 states including a focus in the Cincinnati, Chicago, and Philadelphia markets. Theoris has also expanded its serv
William Blair downgraded Magic Software from Outperform to Mkt Perform
HC Wainwright reiterated coverage of Magic Software Enterprises with a rating of Buy and set a new price target of $20.00 from $17.00 previously
HC Wainwright & Co. reiterated coverage of Magic Software with a rating of Buy and set a new price target of $20.00 from $17.00 previously
OR YEHUDA, Israel, March 11, 2025 (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 fourth quarter and full year ended December 31, 2024. Summary Results for the Fourth Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q4 2024Q4 2023% Change Q4 2024Q4 2023% ChangeRevenues$142.6 $125.5 13.6% $142.6 $125.5 13.6% Gross profit$42.0 $37.0 13.5% $43.2 $38.6 11.9% Gross margin 29.4% 29.4% - 30.3% 30.8% (50) bps Operating income$16.7 $13.0 28.6% $18.8 $17.7 6.1
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA OR IN ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. Or Yehuda, Israel, March 10, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT consulting services and end-to-end integration and application development platforms solutions, announced today that it signed an Memorandum of Understanding ("MOU") with respect to a proposed merger with Matrix I.T Ltd. (TASE: MTRX). Magic is pleased to announce that on March 10, 2025, it entered into an MOU with Matrix I.T Ltd., a leading public Israeli IT services company whose shares are traded on the Tel A
OR YEHUDA, Israel, Nov. 18, 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 third quarter and first nine months period ended September 30, 2024. Summary Results for the Third Quarter 2024 (USD in millions, except per share data) GAAP Non-GAAP Q3 2024Q3 2023% Change Q3 2024Q3 2023% ChangeRevenues$143.0 $129.5 10.4% $143.0 $129.5 10.4%Gross profit$39.7 $36.8 7.7% $41.0 $38.1 7.8%Gross margin 27.8% 28.4%(60) bps 28.7% 29.4%(70) bpsOperating income$15.1 $13.3 13.1% $18.5