S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
S&P 500   4,544.90
DOW   35,677.02
QQQ   374.10
NASDAQ:MGIC

Magic Software Enterprises Stock Forecast, Price & News

$21.00
-0.10 (-0.47 %)
(As of 10/22/2021 12:00 AM ET)
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Today's Range
$20.97
$21.15
50-Day Range
$17.31
$21.87
52-Week Range
$12.37
$22.05
Volume16,196 shs
Average Volume41,524 shs
Market Capitalization$1.03 billion
P/E Ratio37.50
Dividend Yield2.16%
Beta1.4
30 days | 90 days | 365 days | Advanced Chart
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Magic Software Enterprises logo

About Magic Software Enterprises

Magic Software Enterprises Ltd. engages in the provision of proprietary application development and business process integration platforms, vertical software solutions, and vendor of information technology (IT) outsourcing software services. It operates through Software Services and IT Professional Services segments. The Software Services segment includes proprietary and non-proprietary software technology and complementary services. The IT Professional Services segment offers services in the areas of infrastructure design and delivery; application development; technology planning and implementation services; communications services and solutions; and supplemental staffing services. The company was founded by David Assia in February 1983 and is headquartered in Or Yehuda, Israel.

Headlines

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Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:MGIC
Employees
3,039
Year Founded
1983

Sales & Book Value

Annual Sales
$371.19 million
Cash Flow
$1.05 per share
Book Value
$5.49 per share

Profitability

Net Income
$25.19 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$1.03 billion
Next Earnings Date
11/15/2021 (Estimated)
Optionable
Optionable

Social Links


MarketRank

Overall MarketRank

1.97 out of 5 stars

Computer And Technology Sector

441st out of 866 stocks

Prepackaged Software Industry

123rd out of 258 stocks

Analyst Opinion: 1.5Community Rank: 4.0Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -












Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

Is Magic Software Enterprises a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Magic Software Enterprises in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Magic Software Enterprises stock.
View analyst ratings for Magic Software Enterprises
or view top-rated stocks.

What stocks does MarketBeat like better than Magic Software Enterprises?

Wall Street analysts have given Magic Software Enterprises a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Magic Software Enterprises wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a increase in short interest in September. As of September 15th, there was short interest totaling 16,500 shares, an increase of 20.4% from the August 31st total of 13,700 shares. Based on an average daily trading volume, of 30,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are short sold.
View Magic Software Enterprises' Short Interest
.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release its next quarterly earnings announcement on Monday, November 15th 2021.
View our earnings forecast for Magic Software Enterprises
.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd. (NASDAQ:MGIC) announced its quarterly earnings data on Thursday, August, 12th. The software maker reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. The software maker had revenue of $119.16 million for the quarter, compared to analysts' expectations of $107.15 million. Magic Software Enterprises had a net margin of 6.48% and a trailing twelve-month return on equity of 15.53%.
View Magic Software Enterprises' earnings history
.

How has Magic Software Enterprises' stock been impacted by Coronavirus?

Magic Software Enterprises' stock was trading at $8.11 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MGIC shares have increased by 158.9% and is now trading at $21.00.
View which stocks have been most impacted by COVID-19
.

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 Friday, August 13th. Shareholders of record on Monday, August 30th will be paid a dividend of $0.234 per share on Tuesday, September 14th. This represents a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, August 27th. This is an increase from Magic Software Enterprises's previous semi-annual dividend of $0.21.
View Magic Software Enterprises' dividend history
.

Is Magic Software Enterprises a good dividend stock?

Magic Software Enterprises pays an annual dividend of $0.47 per share and currently has a dividend yield of 2.16%. Magic Software Enterprises has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Magic Software Enterprises is 61.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Magic Software Enterprises will have a dividend payout ratio of 49.47% next year. This indicates that Magic Software Enterprises will be able to sustain or increase its dividend.
View Magic Software Enterprises' dividend history.

What guidance has Magic Software Enterprises issued on next quarter's earnings?

Magic Software Enterprises updated its FY 2021 earnings guidance on Thursday, September, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $450 million-$460 million, compared to the consensus revenue estimate of $432.67 million.

What price target have analysts set for MGIC?

2 brokerages have issued 12-month target prices for Magic Software Enterprises' shares. Their forecasts range from $20.00 to $20.00. On average, they anticipate Magic Software Enterprises' share price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 4.8%.
View analysts' price targets for Magic Software Enterprises
or view top-rated stocks among Wall Street analysts.

Who are Magic Software Enterprises' key executives?

Magic Software Enterprises' management team includes the following people:
  • Guy Shimon Bernstein, Chief Executive Officer & Director
  • Asaf Berenstin, Chief Financial Officer
  • Yuval Lavi, Vice President-Technology & Innovation
  • Kenny Krupnik, Vice President- Research & Development
  • Stephan Romeder, Vice President-Global Business Development

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

13 employees have rated Magic Software Enterprises CEO Guy Bernstein on Glassdoor.com. Guy Bernstein has an approval rating of 61% among Magic Software Enterprises' 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), The Walt Disney (DIS), Gilead Sciences (GILD), Shopify (SHOP), Square (SQ), Tesla (TSLA), The Trade Desk (TTD), AbbVie (ABBV), Applied Materials (AMAT) and Alibaba Group (BABA).

What is Magic Software Enterprises' stock symbol?

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

Who are Magic Software Enterprises' major shareholders?

Magic Software Enterprises' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Ritholtz Wealth Management (0.04%).

Which institutional investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Ritholtz Wealth Management.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Magic Software Enterprises' stock price today?

One share of MGIC stock can currently be purchased for approximately $21.00.

How much money does Magic Software Enterprises make?

Magic Software Enterprises has a market capitalization of $1.03 billion and generates $371.19 million in revenue each year. The software maker earns $25.19 million in net income (profit) each year or $0.76 on an earnings per share basis.

How many employees does Magic Software Enterprises have?

Magic Software Enterprises employs 3,039 workers across the globe.

When was Magic Software Enterprises founded?

Magic Software Enterprises was founded in 1983.

What is Magic Software Enterprises' official website?

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

Where are Magic Software Enterprises' headquarters?

Magic Software Enterprises is headquartered at 5 HAPLADA STREET, OR YEHUDA L3, 6021805.

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 (723) 538-9292 or via email at [email protected].


This page was last updated on 10/23/2021 by MarketBeat.com Staff

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