Harel Insurance Amends Stake in Magic Software (SC 13G/A)
Ticker: RMTHF · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 876779
| Field | Detail |
|---|---|
| Company | Magic Software Enterprises Ltd (RMTHF) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Harel Insurance just updated their stake in Magic Software, watch for shifts in institutional sentiment.**
AI Summary
Harel Insurance Investments & Financial Services Ltd. filed an amended SC 13G/A on January 30, 2024, indicating their ownership of Ordinary Shares in MAGIC SOFTWARE ENTERPRISES LTD. as of December 31, 2023. This amendment (Amendment No. 5) updates previous disclosures, signaling a potential change in their passive investment stake. For investors, this matters because Harel is a significant institutional holder, and changes in their position can influence market sentiment and the stock's perceived stability.
Why It Matters
This filing shows an institutional investor's updated position, which can signal their ongoing confidence (or lack thereof) in the company's future performance, potentially influencing other investors.
Risk Assessment
Risk Level: low — An SC 13G/A filing is a routine disclosure of passive ownership and typically doesn't indicate immediate high risk.
Analyst Insight
An investor should note this filing as an update on institutional ownership, but without specific share count changes, it primarily serves as a confirmation of Harel's continued passive investment in Magic Software. Further investigation into the previous 13G filings would be needed to understand the actual change in ownership percentage.
Key Players & Entities
- Harel Insurance Investments & Financial Services Ltd. (company) — the reporting person and institutional investor
- MAGIC SOFTWARE ENTERPRISES LTD. (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 5 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G/A (Amendment No. 5)*' sections.
Who is the reporting person in this filing?
The reporting person is Harel Insurance Investments & Financial Services Ltd., as identified under '1. Name of Reporting Persons' and 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Harel Insurance Investments & Financial Services Ltd.'
What is the name of the issuer whose securities are being reported?
The issuer is MAGIC SOFTWARE ENTERPRISES LTD., as stated under 'MAGIC SOFTWARE ENTERPRISES LTD. (Name of Issuer)'.
What is the CUSIP number for the securities mentioned in the filing?
The CUSIP number for the Ordinary Shares of MAGIC SOFTWARE ENTERPRISES LTD. is 559166103, as listed under '(CUSIP Number)'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
Filing Stats: 975 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2024-01-30 08:05:27
Filing Documents
- zk2430841.htm (SC 13G/A) — 63KB
- 0001178913-24-000293.txt ( ) — 64KB
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not Applicable.
Certification
Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. January 30, 2024 HAREL INSURANCE INVESTMENTS AND FINANCIAL SERVICES LTD. BY : /s/ Uri Rabinovitz Name, Title: Uri Rabinovitz, Vice President