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Magic ( (MGIC) ) has shared an announcement.
Magic Software Enterprises Ltd. has updated its compensation policy for directors and officers, which will be presented for approval at the annual general meeting on June 10, 2025. The revised policy includes limitations on aggregate annual officer compensation, following discussions with shareholders and proxy advisory firm Emda. This move is expected to align the interests of the company’s officers with its long-term goals and shareholder value, potentially impacting the company’s governance and stakeholder relations.
The most recent analyst rating on (MGIC) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Magic stock, see the MGIC Stock Forecast page.
Spark’s Take on MGIC Stock
According to Spark, TipRanks’ AI Analyst, MGIC is a Outperform.
Magic’s overall stock score reflects strong technical performance and solid financial results, supported by consistent revenue growth and effective cost management. The earnings call emphasized positive forward guidance, despite some operational challenges. The valuation remains reasonable, while the dividend yield offers additional investor appeal.
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 enterprise application development, business process integration, and IT outsourcing services. The company is based in Israel and is listed on the Tel Aviv Stock Exchange and NASDAQ, catering to a global market.
Average Trading Volume: 80,463
Technical Sentiment Signal: Buy
Current Market Cap: $783.1M
For an in-depth examination of MGIC stock, go to TipRanks’ Stock Analysis page.