NASDAQ:MGIC - Magic Software Enterprises Stock Price, News, & Analysis

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$7.87 +0.07 (+0.90 %)
(As of 12/12/2018 04:14 AM ET)
Previous Close$7.80
Today's Range$7.78 - $7.94
52-Week Range$7.60 - $9.25
Volume26,809 shs
Average Volume30,716 shs
Market Capitalization$383.23 million
P/E Ratio17.11
Dividend Yield3.94%
Beta0.8
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and IT outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports a proprietary and none proprietary application platform, software applications, and business and process integration solutions and related services. Its IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions, as well as supplemental outsourcing services. The company offers Magic xpa, a proprietary application platform for developing and deploying business applications; AppBuilder, a proprietary application platform for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi integration platform, a graphical wizard-based code-free solution; and Magic xpc, a hybrid integration platform as a service. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Solution, a packaged software solution for managing air cargo ground handling; HR Pulse, a customized single-tenant software as a service tool; and MBS Solution, a proprietary system for managing TV broadcast channels. In addition, the company provides software maintenance, support, training, and consulting services. It serves oil and gas, telecommunications, financial, healthcare, and industrial sectors, as well as public institutions and international agencies. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was founded in 1983 and is headquartered in Or Yehuda, Israel.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MGIC
Previous Symbol
CUSIPN/A
Phone972-3538-9292

Debt

Debt-to-Equity Ratio0.10
Current Ratio3.91
Quick Ratio3.91

Price-To-Earnings

Trailing P/E Ratio17.11
Forward P/E Ratio13.81
P/E GrowthN/A

Sales & Book Value

Annual Sales$257.99 million
Price / Sales1.49
Cash Flow$0.7878 per share
Price / Cash Flow9.99
Book Value$4.80 per share
Price / Book1.64

Profitability

EPS (Most Recent Fiscal Year)$0.46
Net Income$15.44 million
Net Margins6.88%
Return on Equity11.02%
Return on Assets7.04%

Miscellaneous

Employees2,052
Outstanding Shares48,760,000
Market Cap$383.23 million
OptionableOptionable

Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

What is Magic Software Enterprises' stock symbol?

Magic Software Enterprises trades on the NASDAQ under the ticker symbol "MGIC."

How often does Magic Software Enterprises pay dividends? What is the dividend yield for Magic Software Enterprises?

Magic Software Enterprises declared a Semi-Annual dividend on Wednesday, August 8th. Stockholders of record on Wednesday, August 22nd will be given a dividend of $0.155 per share on Wednesday, September 5th. The ex-dividend date of this dividend is Tuesday, August 21st. This is a boost from Magic Software Enterprises's previous Semi-Annual dividend of $0.09. View Magic Software Enterprises' Dividend History.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd (NASDAQ:MGIC) posted its quarterly earnings results on Tuesday, November, 13th. The software maker reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.02. The software maker earned $72.14 million during the quarter, compared to analyst estimates of $73.35 million. Magic Software Enterprises had a net margin of 6.88% and a return on equity of 11.02%. View Magic Software Enterprises' Earnings History.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Wednesday, February 27th 2019. View Earnings Estimates for Magic Software Enterprises.

What price target have analysts set for MGIC?

2 equities research analysts have issued 1 year price objectives for Magic Software Enterprises' shares. Their predictions range from $10.00 to $10.00. On average, they expect Magic Software Enterprises' share price to reach $10.00 in the next twelve months. This suggests a possible upside of 27.1% from the stock's current price. View Analyst Price Targets for Magic Software Enterprises.

What is the consensus analysts' recommendation for Magic Software Enterprises?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magic Software Enterprises in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magic Software Enterprises.

What are Wall Street analysts saying about Magic Software Enterprises stock?

Here are some recent quotes from research analysts about Magic Software Enterprises stock:
  • 1. According to Zacks Investment Research, "Magic Software Enterprises, a member of the Formula Group, develops, markets and supports software development and deployment technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners. (PRESS RELEASE) " (12/11/2018)
  • 2. HC Wainwright analysts commented, "We are not in the habit of commenting on collaborative selling arrangements, but in considering Microsoft’s global reach, the entrenched nature of that company’s enterprise solutions, and the potential power the Microsoft brand has in endorsing Magic’s integration tools, we think the longer- term implications of Magic’s new status at Microsoft could propel the company’s operating dynamics. A January 2018 cursory review of co-sell OCP anecdotes found one Microsoft partner" had already noted 12 joints wins with Microsoft and another witnessed a 140% increase in pipeline through Microsoft co-sell opportunities." (7/12/2018)

Has Magic Software Enterprises been receiving favorable news coverage?

Media stories about MGIC stock have been trending positive on Wednesday, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Magic Software Enterprises earned a media sentiment score of 2.6 on InfoTrie's scale. They also gave media stories about the software maker a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock's share price in the immediate future.

Who are some of Magic Software Enterprises' key competitors?

Who are Magic Software Enterprises' key executives?

Magic Software Enterprises' management team includes the folowing people:
  • Mr. Arik Kilman, Chairman of Software Solutions Division (Age 65)
  • Mr. Arik Faingold, Pres of Integration Solutions Division (Age 41)
  • Mr. Yakov Tsaroya, Chief Exec. Officer of Coretech Consulting Services and Fusion Solutions (Age 48)
  • Mr. Udi Ertel, Pres of Software Solutions Division (Age 59)
  • Mr. Hanan Shahaf MBA, Chief Exec. Officer of Roshtov Software Industries Ltd (Age 66)

Who are Magic Software Enterprises' major shareholders?

Magic Software Enterprises' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Clal Insurance Enterprises Holdings Ltd (5.15%), Harel Insurance Investments & Financial Services Ltd. (2.65%), Renaissance Technologies LLC (0.89%), Menora Mivtachim Holdings LTD. (0.25%), Bank of New York Mellon Corp (0.18%) and Ramsey Quantitative Systems (0.13%).

Which major investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd. and Jane Street Group LLC.

Which major investors are buying Magic Software Enterprises stock?

MGIC stock was bought by a variety of institutional investors in the last quarter, including Clal Insurance Enterprises Holdings Ltd, Menora Mivtachim Holdings LTD., Renaissance Technologies LLC, Bank of New York Mellon Corp, Virtu Financial LLC, Ramsey Quantitative Systems, Connor Clark & Lunn Investment Management Ltd. and Acadian Asset Management LLC.

How do I buy shares of Magic Software Enterprises?

Shares of MGIC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Magic Software Enterprises' stock price today?

One share of MGIC stock can currently be purchased for approximately $7.87.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $383.23 million and generates $257.99 million in revenue each year. The software maker earns $15.44 million in net income (profit) each year or $0.46 on an earnings per share basis. Magic Software Enterprises employs 2,052 workers across the globe.

What is Magic Software Enterprises' official website?

The official website for Magic Software Enterprises is http://www.magicsoftware.com.

How can I contact Magic Software Enterprises?

Magic Software Enterprises' mailing address is 5 HAPLADA STREET, OR YEHUDA L3, 6021805. The software maker can be reached via phone at 972-3538-9292 or via email at [email protected]


MarketBeat Community Rating for Magic Software Enterprises (NASDAQ MGIC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  193 (Vote Outperform)
Underperform Votes:  260 (Vote Underperform)
Total Votes:  453
MarketBeat's community ratings are surveys of what our community members think about Magic Software Enterprises and other stocks. Vote "Outperform" if you believe MGIC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGIC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/12/2018 by MarketBeat.com Staff

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