SCHEDULE: Harel Insurance Discloses 13.2% Stake in Magic Software
Beneficial Ownership Report
Harel Insurance Investments & Financial Services Ltd. reported a 13.2% beneficial ownership stake in Magic Software Enterprises Ltd. as of June 30, 2025.
Summary
- Harel Insurance Investments & Financial Services Ltd. reported beneficial ownership of 6,492,758 Ordinary Shares of Magic Software Enterprises Ltd.
- This represents 13.2% of Magic Software Enterprises Ltd.'s outstanding Ordinary Shares.
- The percentage is based on 49,099,305 Ordinary Shares issued and outstanding as of May 1, 2025.
- Of the total shares, 6,207,567 are held for public clients through various provident funds, mutual funds, pension funds, insurance policies, and exchange traded funds managed by Harel's subsidiaries.
- An additional 285,191 shares are beneficially held for Harel's own account.
- Harel Insurance Investments & Financial Services Ltd. is an Israeli entity.
- The filing is an Amendment No. 7 to a Schedule 13G, indicating a passive investment purpose.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or prospects.
Future Outlook
NA
Industry Context
This filing indicates a significant institutional investment by an Israeli insurance and financial services firm in an Israeli software company. It reflects ongoing institutional interest in the technology sector, particularly from domestic investors.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional shareholder's stake, which can influence market perception and liquidity.
- Company Management: Awareness of a large, passive institutional holder.
Key Dates
| Date | Description |
|---|---|
| 2025-05-01 | Date as of which 49,099,305 Ordinary Shares of Magic Software Enterprises Ltd. were reported as issued and outstanding. |
| 2025-06-30 | Date of event which required the filing of this statement, representing the beneficial ownership reporting date. |
| 2025-08-05 | Date the Schedule 13G Amendment No. 7 was signed by Harel Insurance Investments & Financial Services Ltd. |
Keywords
Magic Software Enterprises, Harel Insurance, Beneficial Ownership, SEC Filing, Schedule 13G, Institutional Investor, Software, Israel
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