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Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
Stock market today: Global shares mostly decline, while Tokyo again finishes at a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
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Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
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Free Stock Analysis Report: See The True Value of Any Stock (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
Stock market today: Global shares mostly decline, while Tokyo again finishes at a record high
AT&T will give $5 to customers hit by cellphone network outage
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Free Stock Analysis Report: See The True Value of Any Stock (Ad)
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
What recession? Professional forecasters raise expectations for US economy in 2024
SHOCKING Crypto Leak Reveal Crypto's Set To SURGE (Ad)
Stock market today: Global shares mostly decline, while Tokyo again finishes at a record high
AT&T will give $5 to customers hit by cellphone network outage
NASDAQ:MGIC

Magic Software Enterprises (MGIC) Stock Price, News & Analysis

$10.65
+0.02 (+0.19%)
(As of 02/23/2024 08:53 PM ET)
Today's Range
$10.57
$10.72
50-Day Range
$9.48
$11.23
52-Week Range
$8.15
$14.82
Volume
52,900 shs
Average Volume
59,200 shs
Market Capitalization
$522.84 million
P/E Ratio
13.65
Dividend Yield
6.10%
Price Target
$18.00

Magic Software Enterprises MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
69.0% Upside
$18.00 Price Target
Short Interest
Healthy
0.22% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.27mentions of Magic Software Enterprises in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.13 out of 5 stars

Computer And Technology Sector

276th out of 582 stocks

Prepackaged Software Industry

87th out of 195 stocks


MGIC stock logo

About Magic Software Enterprises Stock (NASDAQ:MGIC)

Magic Software Enterprises Ltd. provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud based services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports 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, communications services and solutions, and supplemental outsourcing services. It also offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining business applications; Magic xpi for application integration; Magic xpi cloud native; FactoryEye for virtualization of production data; Magic Data Management and Analytics Platform for data management; and Magic SmartUX for cross-platform mobile business applications. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, the company provides software maintenance, support, training, and consulting services. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. The company was incorporated in 1983 and is headquartered in Or Yehuda, Israel.

MGIC Stock Price History

MGIC Stock News Headlines

Magic Software Enterprises Ltd
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
MGIC Magic Software Enterprises Ltd.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Magic Software: Q3 Earnings Insights
Magic Software's Earnings: A Preview
Magic Software Enterprises Ltd MGIC
Magic Software Enterprises Ltd (MGK.MU)
3 Software Stocks Set to Profit in October
Magic (MGIC) Receives a Buy from Barclays
See More Headlines
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Company Calendar

Last Earnings
8/14/2023
Today
2/26/2024
Next Earnings (Estimated)
3/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:MGIC
Employees
4,161
Year Founded
1983

Price Target and Rating

Average Stock Price Target
$18.00
High Stock Price Target
$18.00
Low Stock Price Target
$18.00
Potential Upside/Downside
+69.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$40.47 million
Pretax Margin
9.75%

Debt

Sales & Book Value

Annual Sales
$556.65 million
Cash Flow
$1.46 per share
Book Value
$5.63 per share

Miscellaneous

Free Float
46,889,000
Market Cap
$522.84 million
Optionable
Optionable
Beta
1.16

Social Links

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Key Executives

  • Mr. Asaf Berenstin (Age 46)
    Chief Financial Officer
    Comp: $548k
  • Mr. Arik Kilman (Age 71)
    Chairman of Software Solutions Division
    Comp: $581k
  • Mr. Arik Faingold (Age 47)
    President of Integration Solutions Division
    Comp: $622k
  • Mr. Yakov Tsaroya (Age 54)
    Chief Executive Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc.
    Comp: $1.82M
  • Eli Schwartz
    Chief Executive Officer of Comblack I.T. Ltd.
  • Mr. Guy Bernstein (Age 56)
    CEO & Director
  • Mr. Yuval Lavi (Age 55)
    Chief Technology Officer
  • Mr. Amit Birk (Age 53)
    VP of Mergers & Acquisitions, General Counsel & Corporate Secretary
    Comp: $259.88k
  • Ms. Karin Netzer
    Chief Marketing Officer
  • Yael Ilan (Age 55)
    Chief Executive Officer of Complete Business Solutions














MGIC Stock Analysis - Frequently Asked Questions

Should I buy or sell Magic Software Enterprises stock right now?

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magic Software Enterprises in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MGIC shares.
View MGIC analyst ratings
or view top-rated stocks.

What is Magic Software Enterprises' stock price target for 2024?

1 Wall Street research analysts have issued 12-month price targets for Magic Software Enterprises' shares. Their MGIC share price targets range from $18.00 to $18.00. On average, they predict the company's share price to reach $18.00 in the next year. This suggests a possible upside of 69.0% from the stock's current price.
View analysts price targets for MGIC
or view top-rated stocks among Wall Street analysts.

How have MGIC shares performed in 2024?

Magic Software Enterprises' stock was trading at $9.69 at the start of the year. Since then, MGIC shares have increased by 9.9% and is now trading at $10.65.
View the best growth stocks for 2024 here
.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a increase in short interest in January. As of January 31st, there was short interest totaling 57,700 shares, an increase of 22.0% from the January 15th total of 47,300 shares. Based on an average trading volume of 59,600 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.2% of the company's stock are sold short.
View Magic Software Enterprises' Short Interest
.

When is Magic Software Enterprises' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
View our MGIC earnings forecast
.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd. (NASDAQ:MGIC) released its earnings results on Monday, August, 14th. The software maker reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The software maker had revenue of $137.58 million for the quarter, compared to analyst estimates of $142.30 million. Magic Software Enterprises had a trailing twelve-month return on equity of 18.39% and a net margin of 6.94%.

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 Monday, August 14th. Investors of record on Wednesday, August 30th will be given a dividend of $0.327 per share on Wednesday, September 13th. This represents a dividend yield of 5.4%. The ex-dividend date is Tuesday, August 29th. This is an increase from the stock's previous Semi-Annual dividend of $0.23.
Read our dividend analysis for MGIC
.

Is Magic Software Enterprises a good dividend stock?

Magic Software Enterprises (NASDAQ:MGIC) pays an annual dividend of $0.65 per share and currently has a dividend yield of 6.15%. MGIC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 83.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MGIC will have a dividend payout ratio of 67.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGIC.

What is Guy Bernstein's approval rating as Magic Software Enterprises' CEO?

13 employees have rated Magic Software Enterprises Chief Executive Officer Guy Bernstein on Glassdoor.com. Guy Bernstein has an approval rating of 61% among the company's employees. This puts Guy Bernstein in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Magic Software Enterprises own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magic Software Enterprises investors own include Activision Blizzard (ATVI), Walt Disney (DIS), Gilead Sciences (GILD), Shopify (SHOP), Block (SQ), Tesla (TSLA), Trade Desk (TTD), AbbVie (ABBV), Applied Materials (AMAT) and Alibaba Group (BABA).

Who are Magic Software Enterprises' major shareholders?

Magic Software Enterprises' stock is owned by a number of institutional and retail investors. Top institutional investors include Naples Global Advisors LLC (0.56%), Dimensional Fund Advisors LP (0.36%), Goldman Sachs Group Inc. (0.28%), Nuveen Asset Management LLC (0.15%), Swiss National Bank (0.11%) and Meitav Investment House Ltd. (0.09%).

How do I buy shares of Magic Software Enterprises?

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

This page (NASDAQ:MGIC) was last updated on 2/26/2024 by MarketBeat.com Staff