De Lisle Partners LLP Invests $564,000 in Magic Software Enterprises Ltd. $MGIC

De Lisle Partners LLP purchased a new position in shares of Magic Software Enterprises Ltd. (NASDAQ:MGIC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,000 shares of the software maker’s stock, valued at approximately $564,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Magic Software Enterprises during the 2nd quarter worth $33,000. State of Tennessee Department of Treasury acquired a new position in Magic Software Enterprises during the second quarter worth about $46,000. BNP Paribas Financial Markets purchased a new position in Magic Software Enterprises in the third quarter valued at about $62,000. Russell Investments Group Ltd. lifted its position in shares of Magic Software Enterprises by 2,112.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,177 shares of the software maker’s stock valued at $106,000 after acquiring an additional 4,943 shares during the period. Finally, State of Wyoming acquired a new position in Magic Software Enterprises during the second quarter worth $179,000. Institutional investors and hedge funds own 24.70% of the company’s stock.

Magic Software Enterprises Price Performance

Magic Software Enterprises stock opened at $17.38 on Monday. Magic Software Enterprises Ltd. has a fifty-two week low of $11.65 and a fifty-two week high of $28.00. The firm has a market capitalization of $853.36 million, a price-to-earnings ratio of 21.46 and a beta of 0.73. The stock’s fifty day moving average is $17.38 and its two-hundred day moving average is $17.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.48 and a current ratio of 1.48.

About Magic Software Enterprises

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.