Magic Software Enterprises Ltd. is a provider of application development, business process integration platforms, vertical software solutions and related professional services. The Company is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. It operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The 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. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Software
- Sub-Industry: N/A
- Symbol: NASDAQ:MGIC
- CUSIP: N/A
- Web: www.magicsoftware.com
Capitalization:- Market Cap: $383.95 million
- Outstanding Shares: 44,486,000
Average Prices:- 50 Day Moving Avg: $8.05
- 200 Day Moving Avg: $7.97
- 52 Week Range: $6.65 - $8.70
P/E:- Trailing P/E Ratio: 32.22
- Foreward P/E Ratio: 12.99
- P/E Growth: 0.99
Sales & Book Value:- Annual Revenue: $235.86 million
- Price / Sales: 1.64
- Book Value: $4.65 per share
- Price / Book: 1.87
Dividend:- Annual Dividend: $0.26
- Dividend Yield: 3.1%
Profitability:- EBIDTA: $36.98 million
- Net Margins: 5.08%
- Return on Equity: 10.49%
- Return on Assets: 6.58%
Debt:- Debt-to-Equity Ratio: 0.18%
- Current Ratio: 3.55%
- Quick Ratio: 3.55%
Misc:- Average Volume: 24,597 shs.
- Beta: 0.63
- Short Ratio: 2.43
Frequently Asked Questions for Magic Software Enterprises (NASDAQ:MGIC)
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 semiannual dividend on Monday, August 14th. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.13 per share on Wednesday, September 13th. This represents a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, August 29th. This is an increase from Magic Software Enterprises's previous semiannual dividend of $0.10. View Magic Software Enterprises' Dividend History.
How were Magic Software Enterprises' earnings last quarter?
Magic Software Enterprises Ltd. (NASDAQ:MGIC) released its earnings results on Wednesday, August, 9th. The company reported $0.13 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.01. The business earned $65.50 million during the quarter, compared to analysts' expectations of $52.65 million. Magic Software Enterprises had a net margin of 5.08% and a return on equity of 10.49%. Magic Software Enterprises's quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. View Magic Software Enterprises' Earnings History.
When will Magic Software Enterprises make its next earnings announcement?
Where is Magic Software Enterprises' stock going? Where will Magic Software Enterprises' stock price be in 2017?
5 brokerages have issued twelve-month target prices for Magic Software Enterprises' stock. Their forecasts range from $10.00 to $10.00. On average, they expect Magic Software Enterprises' stock price to reach $10.00 in the next year. View Analyst Ratings for Magic Software Enterprises.
Who are some of Magic Software Enterprises' key competitors?
Some companies that are related to Magic Software Enterprises include Rapid7 (RPD), Everbridge (EVBG), Accesso Technology Group PLC (ACSO), Gridsum Holding (GSUM), Wandisco PLC (WAND), Ocean Thermal Energy Corp (CPWR), MobileIron (MOBL), Exa Corporation (EXA), Park City Group (PCYG), Amber Road (AMBR), Majesco (MJCO), RealNetworks (RNWK), Ideagen PLC (IDEA), Gresham Technologies PLC (GHT), Asure Software (ASUR), Merge Healthcare (MRGE), Attunity (ATTU) and Digital Turbine (APPS).
Who are Magic Software Enterprises' key executives?
Magic Software Enterprises' management team includes the folowing people:
- Guy Bernstein, Chief Executive Officer, Director
- Asaf Berenstin, Chief Financial Officer
- Yuval Baruch, Chief Executive Officer - Hermes Logistics
- Udi Ertel, President - Software Solutions division
- Arik Faingold, President - Integration Solutions division
- Eyal Pfeifel, Chief Technology Officer
- Amit Birk, Vice President of Mergers & Acquisitions, General Counsel, Secretary
- Moshe Gez, Chief Executive Officer - Complete Business Solutions
- Arik Kilman, President - AppBuilder Software Solutions division
- Yacov Tsruya, Chief Executive Officer - Coretech Consulting Services and Fusion Solutions
Who owns Magic Software Enterprises stock?
Magic Software Enterprises' stock is owned by a number of of institutional and retail investors. Top institutional investors include
PHOENIX HOLDINGS LTD.
(6.43%),
YELIN LAPIDOT HOLDINGS MANAGEMENT LTD.
(5.00%), Clal Insurance Enterprises Holdings Ltd (2.69%), Harel Insurance Investments & Financial Services Ltd. (2.42%), Denver Investment Advisors LLC (1.65%) and Edmond DE Rothschild Holding S.A. (0.23%). View Institutional Ownership Trends for Magic Software Enterprises.
Who sold Magic Software Enterprises stock? Who is selling Magic Software Enterprises stock?
Who bought Magic Software Enterprises stock? Who is buying Magic Software Enterprises stock?
Magic Software Enterprises' stock was acquired by a variety of institutional investors in the last quarter, including Clal Insurance Enterprises Holdings Ltd, Bank of New York Mellon Corp, Edmond DE Rothschild Holding S.A., AXA, Eagle Global Advisors LLC, Harel Insurance Investments & Financial Services Ltd. and Dimensional Fund Advisors LP. View Insider Buying and Selling for Magic Software Enterprises.
How do I buy Magic Software Enterprises stock?
Shares of Magic Software Enterprises can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Magic Software Enterprises' stock price today?
One share of Magic Software Enterprises stock can currently be purchased for approximately $8.70.
MarketBeat Community Rating for Magic Software Enterprises (NASDAQ MGIC)MarketBeat's community ratings are surveys of what our community members think about Magic Software Enterprises and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Magic Software Enterprises (NASDAQ:MGIC) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 4 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.80) |
| Consensus Price Target: | $10.00 (14.94% upside) |
Analysts' Ratings History for Magic Software Enterprises (NASDAQ:MGIC)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/10/2017 | HC Wainwright | Set Price Target | Buy | $10.00 | Medium |  |
| 5/17/2017 | Barclays PLC | Reiterated Rating | Overweight | $9.50 -> $10.00 | Low | |
| 5/17/2017 | Rodman & Renshaw | Reiterated Rating | Buy -> Buy | $9.00 -> $10.00 | Medium | |
| 12/12/2016 | Deutsche Bank AG | Upgrade | Hold -> Buy | | N/A | |
| 10/19/2016 | Compass Point | Downgrade | Buy -> Neutral | | N/A | |
(Data available from 9/20/2015 forward)
Earnings History for Magic Software Enterprises (NASDAQ:MGIC)Earnings History by Quarter for Magic Software Enterprises (NASDAQ MGIC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/9/2017 | | | | | | | | |
| 8/9/2017 | 6/30/2017 | $0.12 | $0.13 | $52.65 million | $65.50 million | View | Listen | |
| 5/16/2017 | 3/31/2017 | $0.12 | $0.13 | $49.90 million | $60.80 million | View | N/A | |
| 2/21/2017 | 12/31/2016 | $0.13 | $0.10 | $53.20 million | $55.14 million | View | Listen | |
| 11/10/2016 | Q316 | $0.14 | $0.12 | $50.10 million | $54.50 million | View | N/A | |
| 8/10/2016 | Q216 | $0.13 | $0.12 | $45.07 million | $47.40 million | View | Listen | |
| 5/9/2016 | Q116 | $0.14 | $0.11 | $43.97 million | $44.70 million | View | N/A | |
| 2/17/2016 | Q415 | $0.15 | $0.13 | $44.81 million | $47.90 million | View | Listen | |
| 11/11/2015 | Q315 | $0.12 | $0.13 | $43.33 million | $45.30 million | View | Listen | |
| 8/11/2015 | Q215 | $0.12 | $0.12 | $41.85 million | $42.50 million | View | Listen | |
| 5/11/2015 | Q115 | $0.12 | $0.12 | $43.80 million | $40.30 million | View | Listen | |
| 1/30/2015 | Q414 | $0.11 | $0.13 | $42.35 million | $42.50 million | View | N/A | |
| 11/10/2014 | Q3 | $0.12 | $0.09 | $41.00 million | $40.20 million | View | N/A | |
| 8/11/2014 | Q214 | $0.11 | $0.11 | $39.30 million | $40.60 million | View | N/A | |
| 5/7/2014 | Q114 | $0.13 | $0.12 | $33.40 million | $40.90 million | View | N/A | |
| 2/12/2014 | Q413 | | $0.16 | $55.73 million | $41.19 million | View | N/A | |
| 11/6/2013 | Q313 | $0.12 | $0.11 | $35.50 million | $35.60 million | View | N/A | |
| 5/7/2013 | Q113 | $0.12 | $0.11 | $33.80 million | $33.40 million | View | N/A | |
| 2/14/2013 | Q412 | $0.13 | $0.12 | $35.00 million | $35.70 million | View | N/A | |
| 11/7/2012 | Q312 | $0.11 | $0.11 | $30.00 million | $30.00 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Magic Software Enterprises (NASDAQ:MGIC)2017 EPS Consensus Estimate: $0.55
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.13 | $0.13 | $0.13 |
| Q2 2017 | 1 | $0.13 | $0.13 | $0.13 |
| Q3 2017 | 1 | $0.16 | $0.16 | $0.16 |
| Q4 2017 | 1 | $0.13 | $0.13 | $0.13 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Magic Software Enterprises (NASDAQ:MGIC)| Most Recent Dividend: | 9/13/2017 |
| Annual Dividend: | $0.26 |
| Dividend Yield: | 2.99% |
| Payout Ratio: | 96.30% (Trailing 12 Months of Earnings)
46.43% (Based on This Year's Estimates)
38.81% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Magic Software Enterprises (NASDAQ MGIC)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/14/2017 | semiannual | $0.13 | 3.25% | 8/29/2017 | 8/29/2017 | 9/13/2017 |
| 2/22/2017 | Semi-Annual | $0.09 | | 3/16/2017 | 3/20/2017 | 4/5/2017 |
| 8/15/2016 | | $0.09 | | 9/6/2016 | 9/8/2016 | 9/22/2016 |
| 2/21/2016 | | $0.09 | | 2/29/2016 | 3/2/2016 | 3/17/2016 |
| 8/12/2015 | | $0.10 | | 8/21/2015 | 8/25/2015 | 9/10/2015 |
| 2/5/2015 | | $0.08 | | 2/19/2015 | 2/23/2015 | 3/11/2015 |
| 8/12/2014 | semiannual | $0.10 | 2.71% | 8/15/2014 | 8/19/2014 | 9/4/2014 |
| 2/20/2014 | semiannual | $0.12 | 2.78% | 2/25/2014 | 2/27/2014 | 3/17/2014 |
| 2/20/2014 | | $0.12 | | 2/25/2014 | 2/27/2014 | 3/14/2014 |
| 8/13/2013 | semiannual | $0.09 | 2.96% | 8/19/2013 | 8/21/2013 | 9/3/2013 |
| 2/15/2013 | quarterly | $0.12 | 10.04% | 2/21/2013 | 2/25/2013 | 3/14/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for Magic Software Enterprises (NASDAQ:MGIC)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Magic Software Enterprises (NASDAQ:MGIC)
Latest Headlines for Magic Software Enterprises (NASDAQ:MGIC)
| Source: |
|
| Date | Headline |
|---|
 | When Should You Buy Magic Software Enterprises Ltd (MGIC)?
finance.yahoo.com - September 20 at 6:17 AM |
| 3 Dividend-Yielding Tech Stocks to Buy Now
finance.yahoo.com - September 14 at 3:59 PM |
 | Magic Software Enterprises Ltd. (MGIC) Upgraded at ValuEngine
www.americanbankingnews.com - September 11 at 10:18 PM |
| Zacks: Brokerages Expect Magic Software Enterprises Ltd. (MGIC) Will Post Quarterly Sales of $62.65 Million
www.americanbankingnews.com - September 3 at 7:26 AM |
| Magic Software Enterprises Ltd. (MGIC) Downgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - September 2 at 8:16 AM |
| 5 Best Stocks From the Leading Odd Tech-Utility Duo in August
finance.yahoo.com - August 31 at 7:14 AM |
| Magic Software Enterprises Ltd. (MGIC) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - August 31 at 2:46 AM |
| Magic xpi Integration Platform Receives Independent Recommendation from Ovum in Latest 'On the Radar' Report
finance.yahoo.com - August 28 at 3:26 PM |
| Magic Software Enterprises Ltd. : MGIC-US: Dividend Analysis : August 29th, 2017 (record date) : By the numbers : August 25, 2017
finance.yahoo.com - August 26 at 7:09 AM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : August 22, 2017
finance.yahoo.com - August 22 at 3:58 PM |
| Magic Software Enterprises Ltd. (MGIC) to Issue Semiannual Dividend of $0.13
www.americanbankingnews.com - August 14 at 6:08 PM |
| Zacks: Brokerages Anticipate Magic Software Enterprises Ltd. (MGIC) Will Announce Earnings of $0.15 Per Share
www.americanbankingnews.com - August 14 at 6:14 AM |
| Magic Increases its Dividend Policy From 50% to 75% of its Annual Distributable Profits
finance.yahoo.com - August 13 at 7:09 PM |
| Magic Announces Distribution of Cash Dividend for First Half of 2017
finance.yahoo.com - August 13 at 7:09 PM |
| Magic Software Enterprises Ltd. (NASDAQ:MGIC) Upgraded to "Buy" at Zacks Investment Research
www.americanbankingnews.com - August 12 at 8:20 PM |
| Magic Software Enterprises Ltd. (NASDAQ:MGIC) Releases Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - August 11 at 11:31 PM |
| William Blair Analysts Boost Earnings Estimates for Magic Software Enterprises Ltd. (NASDAQ:MGIC)
www.americanbankingnews.com - August 11 at 3:41 PM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : August 10, 2017
finance.yahoo.com - August 11 at 6:29 AM |
| Magic Software Enterprises Ltd. (NASDAQ:MGIC) to Post Q4 2017 Earnings of $0.13 Per Share, William Blair Forecasts
www.americanbankingnews.com - August 10 at 10:46 AM |
| Magic Delivers Record-Breaking Revenues of $65 Million for the Second Quarter With 38% Year-Over-Year Growth and Raises Guidance on Continued Business Momentum
finance.yahoo.com - August 10 at 5:17 AM |
| Magic Software posts 2Q profit
finance.yahoo.com - August 10 at 5:17 AM |
| Magic Software Enterprises Ltd. (MGIC) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - August 6 at 7:10 AM |
| Magic Software Enterprises Ltd. (MGIC) Downgraded by BidaskClub to Strong Sell
www.americanbankingnews.com - August 4 at 10:36 PM |
| Red Hat (RHT) versus Magic Software Enterprises (MGIC) Head-To-Head Analysis
www.americanbankingnews.com - August 3 at 6:34 PM |
| Magic Software Enterprises Ltd. (MGIC) Scheduled to Post Quarterly Earnings on Wednesday
www.americanbankingnews.com - August 2 at 7:32 AM |
| BidaskClub Lowers Magic Software Enterprises Ltd. (NASDAQ:MGIC) to Sell
www.americanbankingnews.com - July 29 at 2:52 PM |
| Magic Software Enterprises Ltd. (NASDAQ:MGIC) Expected to Post Earnings of $0.12 Per Share
www.americanbankingnews.com - July 27 at 12:28 AM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : July 25, 2017
finance.yahoo.com - July 26 at 12:09 AM |
| ETFs with exposure to Magic Software Enterprises Ltd. : July 24, 2017
finance.yahoo.com - July 24 at 6:50 PM |
| Magic Software Enterprises Ltd. – Value Analysis (NASDAQ:MGIC) : July 21, 2017
finance.yahoo.com - July 22 at 6:26 AM |
| DB Schenker Reduces Onboarding Time for eCommerce Customers with Magic Software's Integration Platform
finance.yahoo.com - July 21 at 2:17 AM |
| ETFs with exposure to Magic Software Enterprises Ltd. : July 14, 2017
finance.yahoo.com - July 15 at 6:26 AM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : July 13, 2017
finance.yahoo.com - July 14 at 6:25 AM |
| Magic Software Enterprises Ltd. (NASDAQ:MGIC) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - July 12 at 10:10 PM |
| Magic Software Enterprises’ IoT Integration Solution Powered by GigaSpaces InsightEdge
finance.yahoo.com - July 12 at 3:27 AM |
| Magic to Announce Second Quarter 2017 Financial Results on August 9, 2017
finance.yahoo.com - July 10 at 5:22 AM |
| Magic Software Enterprises Ltd. (NASDAQ:MGIC) Expected to Announce Quarterly Sales of $52.65 Million
www.americanbankingnews.com - July 2 at 7:48 AM |
| Brokerages Anticipate Magic Software Enterprises Ltd. (MGIC) to Announce $0.12 EPS
www.americanbankingnews.com - June 30 at 8:26 PM |
| Aisei Pharmacy Dispenses Better Service by Synching Marketo and CRM with Magic's Integration Platform
finance.yahoo.com - June 28 at 8:14 PM |
| ETFs with exposure to Magic Software Enterprises Ltd. : June 28, 2017
finance.yahoo.com - June 28 at 8:14 PM |
| Magic Software Enterprises Ltd. :MGIC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017
finance.yahoo.com - June 21 at 7:40 PM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : June 20, 2017
finance.yahoo.com - June 20 at 7:30 PM |
| Magic Software Enterprises Ltd (MGIC) Short Interest Update
www.americanbankingnews.com - June 11 at 12:46 PM |
| Zacks: Brokerages Expect Magic Software Enterprises Ltd (MGIC) Will Announce Quarterly Sales of $52.65 Million
www.americanbankingnews.com - June 8 at 9:56 AM |
| Brokerages Anticipate Magic Software Enterprises Ltd (MGIC) Will Announce Earnings of $0.12 Per Share
www.americanbankingnews.com - June 6 at 6:14 PM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : June 6, 2017
finance.yahoo.com - June 6 at 9:30 AM |
| Magic's Application Platform Dominates the Japanese Market in License Sales
finance.yahoo.com - May 22 at 10:10 AM |
| Barclays PLC Reiterates Overweight Rating for Magic Software Enterprises Ltd (MGIC)
www.americanbankingnews.com - May 17 at 5:56 PM |
 | BRIEF-Magic Software reports Q1 non-GAAP earnings of $0.13/shr
www.reuters.com - May 17 at 9:16 AM |
 | Magic Software Enterprises (MGIC) Tops Q1 EPS by 1c, Beats on Revenues
www.streetinsider.com - May 17 at 9:16 AM |
Magic Software Enterprises (MGIC) Chart for Wednesday, September, 20, 2017
