Magic ( (MGIC) ) has shared an update.
Magic Software Enterprises Ltd. has announced its 2025 annual general meeting of shareholders, scheduled for June 10, 2025, in Or Yehuda, Israel. The meeting will address the re-election of board members, approval of an independent accounting firm, and an updated compensation policy for directors and officers. Shareholders of record as of May 5, 2025, are entitled to vote on these proposals, which require a majority vote for approval. The meeting will also include a review of the company’s financial statements for the year ended December 31, 2024.
Spark’s Take on MGIC Stock
According to Spark, TipRanks’ AI Analyst, MGIC is a Outperform.
Magic’s stock is supported by strong financial performance and a strategic merger that enhances growth prospects. Technical indicators show positive trends, though caution is advised due to overbought signals. Valuation is fair, with an attractive dividend yield. The earnings call underscores strategic growth initiatives, despite some regional growth challenges.
To see Spark’s full report on MGIC stock, click here.
More about Magic
Magic Software Enterprises Ltd. operates in the software industry, focusing on providing application development and business process integration platforms. The company is based in Or Yehuda, Israel, and serves a global market with its software solutions.
YTD Price Performance: 21.31%
Average Trading Volume: 72,559
Technical Sentiment Signal: Sell
Current Market Cap: $698.7M
For a thorough assessment of MGIC stock, go to TipRanks’ Stock Analysis page.