Magic Software Files 2024 Annual Report with SEC

Magic Software has submitted its 2024 annual report to the SEC, which is accessible on its website and available upon request for shareholders.

Summary of Filing

Magic Software Enterprises Ltd. has officially filed its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the U.S. Securities and Exchange Commission on May 14, 2025. This report contains the company’s audited financial statements for 2024, available on both the SEC’s website and the company’s investor relations page. Shareholders can request a bound copy of the report, inclusive of the financial statements, at no charge by contacting the Chief Financial Officer. Magic Software specializes in providing end-to-end integration and application development platforms, alongside IT consulting services.

Advantages of the Filing

• Magic Software’s compliance with SEC regulations through the filing of its annual report demonstrates transparency and accountability to investors.
• Access to the annual report, including audited financial statements, offers shareholders essential financial information that can enhance investor confidence.
• By offering to send hard copies of the report free of charge, the company shows its commitment to shareholder communication and reinforces investor relations.

Concerns Surrounding the Filing

• The press release lacks disclosure of key performance metrics or financial highlights, which could raise investor concerns about the company’s financial transparency and health.
• No insights into growth prospects or strategic initiatives for the upcoming fiscal year are provided, potentially leading to uncertainty about future performance.
• Filing Form 20-F may suggest that the company is under SEC scrutiny, possibly hinting at past issues that could affect shareholder trust.

Frequently Asked Questions

What is the recent announcement from Magic Software?

Magic Software has announced the filing of its annual report on Form 20-F for the fiscal year 2024 with the SEC.

Where can I find the annual report on Form 20-F?

The annual report is available on the SEC’s website and Magic Software’s investor relations site.

Who is eligible to request a hard copy of the annual report?

Shareholders can request a hard copy of the 2024 annual report at no charge.

What financial details are included in the annual report?

The report includes Magic Software’s audited financial statements for the fiscal year 2024.

Who can I contact for additional information regarding the annual report?

For further inquiries, please contact Asaf Berenstin, CFO, at [email protected].

$MGIC Hedge Fund Activity

In recent analyses, 35 institutional investors have increased their holdings in $MGIC stock, while 32 have reduced their positions in the most recent quarter.

The following are some significant movements:

• HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. added 2,764,487 shares (+inf%) in Q1 2025, totaling approximately $35,910,686.
• ASSENAGON ASSET MANAGEMENT S.A. removed 140,591 shares (-100.0%) in Q4 2024, valued at about $1,691,309.
• TRUFFLE HOUND CAPITAL, LLC divested 130,000 shares (-30.2%) in Q1 2025, estimated at $1,688,700.
• ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 54,161 shares (+inf%) in Q1 2025, for an estimated $703,551.
• UBS GROUP AG increased its holdings by 46,885 shares (+134.4%) in Q1 2025, valued at approximately $609,036.
• CITADEL ADVISORS LLC divested 42,880 shares (-100.0%) in Q1 2025, worth about $557,011.
• NAPLES GLOBAL ADVISORS, LLC reduced positions by 40,270 shares (-28.1%) in Q1 2025, estimated at $523,107.

For more information on hedge fund stock portfolios, consult Quiver Quantitative’s institutional holdings dashboard.

Full Release

OR YEHUDA, Israel, May 19, 2025 (GLOBE NEWSWIRE) — Magic Software Enterprises Ltd. (Nasdaq and TASE: MGIC) (“
Magic Software
” or the “
Company
”), a global provider of IT consulting and application development solutions, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission (the “
SEC
”) on Wednesday, May 14, 2025. The report, which includes the company’s audited annual financial statements for 2024, is accessible on the SEC’s website at

http://www.sec.gov

and via the Company’s investor relations site at

https://www.magicsoftware.com/investors/annual-reports/

.

The Company will provide a hard copy of its 2024 annual report on Form 20-F, including complete audited financial statements, free of charge to shareholders who request it by contacting Asaf Berenstin, Chief Financial Officer, at

[email protected]

.

About Magic Software Enterprises

Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) is a global leader in end-to-end integration solutions and IT consulting services.

Press Contact:

Ronen Platkevitz
Magic Software Enterprises

[email protected]

This article was originally published as a press release.

The views expressed herein represent the opinions of the author and do not necessarily reflect those of Nasdaq, Inc.