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

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

Magic Software Enterprises announced a Semi-Annual dividend on Tuesday, August 13th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.156 per share on Thursday, September 12th. The ex-dividend date of this dividend is Monday, August 26th. This is a positive change from Magic Software Enterprises's previous Semi-Annual dividend of $0.09. View Magic Software Enterprises' Dividend History.

Magic Software Enterprises Ltd (NASDAQ:MGIC) issued its quarterly earnings results on Thursday, November, 14th. The software maker reported $0.17 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.15 by $0.02. The software maker had revenue of $85.84 million for the quarter, compared to analysts' expectations of $80.05 million. Magic Software Enterprises had a net margin of 6.41% and a return on equity of 10.95%. View Magic Software Enterprises' Earnings History.

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Monday, March 2nd 2020. View Earnings Estimates for Magic Software Enterprises.

Magic Software Enterprises issued an update on its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$317-320 million, compared to the consensus revenue estimate of $$312.6 million.

1 brokers have issued 12 month target prices for Magic Software Enterprises' shares. Their forecasts range from $11.00 to $11.00. On average, they expect Magic Software Enterprises' share price to reach $11.00 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price. View Analyst Price Targets for Magic Software Enterprises.

1 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magic Software Enterprises.

News stories about MGIC stock have trended neutral on Saturday, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magic Software Enterprises earned a news sentiment score of 0.2 on InfoTrie's scale. They also gave news coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Magic Software Enterprises.

Magic Software Enterprises saw a increase in short interest in November. As of November 15th, there was short interest totalling 22,600 shares, an increase of 927.3% from the October 31st total of 2,200 shares. Based on an average trading volume of 42,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company's stock are sold short. View Magic Software Enterprises' Current Options Chain.

Some companies that are related to Magic Software Enterprises include Carbon Black (CBLK), Progress Software (PRGS), Instructure (INST), Zuora (ZUO), Pagerduty (PD), Ping Identity (PING), MicroStrategy (MSTR), Cision (CISN), 2U (TWOU), Secureworks (SCWX), Bandwidth (BAND), Talend (TLND), Sapiens International (SPNS), Cango (CANG) and 3D Systems (DDD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Magic Software Enterprises investors own include Activision Blizzard (ATVI), Alibaba Group (BABA), Applied Materials (AMAT), NVIDIA (NVDA), PepsiCo (PEP), salesforce.com (CRM), AT&T (T), Adobe (ADBE), Advanced Micro Devices (AMD) and TherapeuticsMD (TXMD).

Magic Software Enterprises' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Phoenix Holdings Ltd. (0.58%), Naples Global Advisors LLC (0.31%), Menora Mivtachim Holdings LTD. (0.19%) and Yorktown Management & Research Co Inc (0.05%).

MGIC stock was sold by a variety of institutional investors in the last quarter, including Menora Mivtachim Holdings LTD..

MGIC stock was acquired by a variety of institutional investors in the last quarter, including Phoenix Holdings Ltd., Yorktown Management & Research Co Inc and Naples Global Advisors LLC.

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, Robinhood, Fidelity and Charles Schwab.

One share of MGIC stock can currently be purchased for approximately $9.89.

Magic Software Enterprises has a market capitalization of $483.29 million and generates $284.38 million in revenue each year. The software maker earns $19.88 million in net income (profit) each year or $0.55 on an earnings per share basis. Magic Software Enterprises employs 2,226 workers across the globe.View Additional Information About Magic Software Enterprises.

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

Magic Software Enterprises' mailing address is 5 HAPLADA STREET, OR YEHUDA L3, 6021805. The software maker can be reached via phone at 972-3538-9322 or via email at [email protected]