S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Divisive? Not for moviegoers. ‘Civil War’ declares victory at box office.
Stock market today: Global markets are mixed as Middle East tensions escalate
Native American-led nonprofit says it bought 40 acres in the Black Hills of South Dakota
Tax Day reveals a major split in how Joe Biden and Donald Trump would govern
Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas
The IRS is quicker to answer the phone on this Tax Day
NASDAQ:MGIC

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

$11.74
+0.01 (+0.09%)
(As of 04/12/2024 08:52 PM ET)
Today's Range
$11.52
$11.75
50-Day Range
$10.32
$12.25
52-Week Range
$8.15
$14.82
Volume
59,400 shs
Average Volume
63,677 shs
Market Capitalization
$576.32 million
P/E Ratio
15.65
Dividend Yield
5.54%
Price Target
$14.00

Magic Software Enterprises MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
19.3% Upside
$14.00 Price Target
Short Interest
Healthy
0.05% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.14mentions of Magic Software Enterprises in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.30%
From $0.93 to $0.97 Per Share

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.

3.34 out of 5 stars

Computer And Technology Sector

259th out of 591 stocks

Prepackaged Software Industry

86th out of 200 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

This rare crypto pattern was last seen 8 years ago
What we’re seeing is a rare Bitcoin phenomenon that was last seen eight years ago… To put things into perspective for you, the last time a cross pattern like this showed up on its chart… Bitcoin shot up 8,000%... Now, for the first time in about 8 years, we’re about to see this phenomenon repeat itself on Bitcoin this year… Now I’m not sure whether or not Bitcoin will hit another all-time high like the last time… But from where we stand right now, I’m very bullish about where we’re headed… And that's because rare patterns like this are what puts more steps on the gas for this new way of crypto trading
The Bear's Case For Magic Software Enterprises
Magic Software Enterprises Ltd.
This rare crypto pattern was last seen 8 years ago
What we’re seeing is a rare Bitcoin phenomenon that was last seen eight years ago… To put things into perspective for you, the last time a cross pattern like this showed up on its chart… Bitcoin shot up 8,000%... Now, for the first time in about 8 years, we’re about to see this phenomenon repeat itself on Bitcoin this year… Now I’m not sure whether or not Bitcoin will hit another all-time high like the last time… But from where we stand right now, I’m very bullish about where we’re headed… And that's because rare patterns like this are what puts more steps on the gas for this new way of crypto trading
MGIC Mar 2024 7.500 put
Magic Software Q4 2023 Earnings Preview
Magic Software Enterprises Ltd
MGIC Magic Software Enterprises Ltd.
Magic Software: Q3 Earnings Insights
Magic Software's Earnings: A Preview
See More Headlines
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Company Calendar

Last Earnings
3/13/2024
Today
4/14/2024
Next Earnings (Estimated)
5/16/2024
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
$14.00
High Stock Price Target
$14.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+19.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$37.09 million
Pretax Margin
9.81%

Debt

Sales & Book Value

Annual Sales
$556.65 million
Cash Flow
$1.39 per share
Book Value
$5.93 per share

Miscellaneous

Free Float
46,889,000
Market Cap
$576.35 million
Optionable
Optionable
Beta
1.17

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 research analysts have issued "buy," "hold," and "sell" ratings for Magic Software Enterprises in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued twelve-month price targets for Magic Software Enterprises' shares. Their MGIC share price targets range from $14.00 to $14.00. On average, they anticipate the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 19.3% 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 beginning of 2024. Since then, MGIC stock has increased by 21.2% and is now trading at $11.74.
View the best growth stocks for 2024 here
.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 13,800 shares, a drop of 21.6% from the March 15th total of 17,600 shares. Based on an average daily trading volume, of 64,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% 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, May 16th 2024.
View our MGIC earnings forecast
.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd. (NASDAQ:MGIC) announced its quarterly earnings results on Wednesday, March, 13th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.04. The software maker earned $125.55 million during the quarter, compared to analyst estimates of $115 million. Magic Software Enterprises had a net margin of 6.92% and a trailing twelve-month return on equity of 17.33%.

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. Shareholders 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 5.57%. 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 86.67%. 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 67.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGIC.

What ETF holds Magic Software Enterprises' stock?

ARK Israel Innovative Technology ETF holds 198,333 shares of MGIC stock, representing 2.12% of its portfolio.

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

Magic Software Enterprises issued an update on its FY 2024 earnings guidance on Wednesday, March, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $540.0 million-$550.0 million, compared to the consensus revenue estimate of $473.8 million.

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).

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 4/15/2024 by MarketBeat.com Staff

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