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NASDAQ:MGICMagic Software Enterprises Stock Price, Forecast & News

$13.14
+0.05 (+0.38 %)
(As of 08/5/2020 04:00 PM ET)
Add
Compare
Today's Range
$12.81
Now: $13.14▼
$13.24
50-Day Range
$10.86
MA: $11.40▼
$12.80
52-Week Range
$6.31
Now: $13.14▼
$13.24
Volume109,747 shs
Average Volume46,828 shs
Market Capitalization$643.07 million
P/E Ratio48.67
Dividend Yield1.83%
Beta0.95
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and IT outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports a proprietary and none proprietary 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, and communications services and solutions, as well as supplemental outsourcing services. The company offers Magic xpa, a proprietary application platform for developing and deploying business applications; AppBuilder, a proprietary application platform for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi integration platform, a graphical wizard-based code-free solution; and Magic xpc, a hybrid integration platform as a service. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Solution, a packaged software solution for managing air cargo ground handling; HR Pulse, a customized single-tenant software as a service tool; and MBS Solution, a proprietary system for managing TV broadcast channels. In addition, the company provides software maintenance, support, training, and consulting services. It serves oil and gas, telecommunications, financial, healthcare, and industrial sectors, as well as public institutions and international agencies. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was founded in 1983 and is headquartered in Or Yehuda, Israel.
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Magic Software Enterprises logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.23 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MGIC
Previous Symbol
CUSIPN/A
CIK876779
Webwww.magicsoftware.com
Phone972-3538-9322

Debt

Debt-to-Equity Ratio0.06
Current Ratio3.05
Quick Ratio3.05

Price-To-Earnings

Trailing P/E Ratio48.67
Forward P/E Ratio20.22
P/E GrowthN/A

Sales & Book Value

Annual Sales$325.63 million
Price / Sales1.97
Cash Flow$0.88 per share
Price / Cash Flow14.88
Book Value$5.41 per share
Price / Book2.43

Profitability

EPS (Most Recent Fiscal Year)$0.58
Net Income$20.27 million
Net Margins4.23%
Return on Equity11.94%
Return on Assets7.76%

Miscellaneous

Employees2,642
Outstanding Shares48,940,000
Market Cap$643.07 million
Next Earnings Date8/13/2020 (Confirmed)
OptionableOptionable
$13.14
+0.05 (+0.38 %)
(As of 08/5/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

How has Magic Software Enterprises' stock been impacted by COVID-19 (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 62.0% and is now trading at $13.14.
View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 hold rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Magic Software Enterprises.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020.
View our earnings forecast for Magic Software Enterprises.

How can I listen to Magic Software Enterprises' earnings call?

Magic Software Enterprises will be holding an earnings conference call on Thursday, August 13th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd (NASDAQ:MGIC) issued its quarterly earnings results on Tuesday, May, 26th. The software maker reported $0.19 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.15 by $0.04. The software maker had revenue of $85.21 million for the quarter, compared to analysts' expectations of $82.65 million. Magic Software Enterprises had a return on equity of 11.94% and a net margin of 4.23%.
View Magic Software Enterprises' earnings history.

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 Thursday, May 28th. Investors of record on Tuesday, June 9th will be given a dividend of $0.08 per share on Thursday, June 25th. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, June 8th.
View Magic Software Enterprises' dividend history.

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

Magic Software Enterprises updated its FY 2020 Pre-Market earnings guidance on Tuesday, May, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $350-360 million, compared to the consensus revenue estimate of $348.9 million.

What price target have analysts set for MGIC?

1 Wall Street analysts have issued 12-month target prices for Magic Software Enterprises' shares. Their forecasts range from $8.50 to $8.50. On average, they expect Magic Software Enterprises' share price to reach $8.50 in the next year. This suggests that the stock has a possible downside of 35.3%.
View analysts' price targets for Magic Software Enterprises.

Has Magic Software Enterprises been receiving favorable news coverage?

Media headlines about MGIC stock have trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand blog and news 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 impact score of -1.0 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the next few days.
View the latest news about Magic Software Enterprises.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a increase in short interest in July. As of July 15th, there was short interest totaling 10,000 shares, an increase of 19.0% from the June 30th total of 8,400 shares. Based on an average daily volume of 50,400 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company's stock are sold short.
View Magic Software Enterprises' Current Options Chain.

Who are some of Magic Software Enterprises' key competitors?

Some companies that are related to Magic Software Enterprises include Cornerstone OnDemand (CSOD), Bottomline Technologies (EPAY), ZoomInfo Technologies (ZI), CommVault Systems (CVLT), Cerence (CRNC), Sapiens International (SPNS), Progress Software (PRGS), Zuora (ZUO), Micro Focus International (MFGP), Materialise (MTLS), Opera (OPRA), MicroStrategy (MSTR), Talend (TLND), Secureworks (SCWX) and Upland Software (UPLD).
View all competitors.

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), Alibaba Group (BABA), Walt Disney (DIS), Netflix (NFLX), Shopify (SHOP), Tesla (TSLA), Applied Materials (AMAT), Gilead Sciences (GILD), Square (SQ) and AT&T (T).

Who are Magic Software Enterprises' key executives?

Magic Software Enterprises' management team includes the following people:
  • Mr. Arik Kilman, Chairman of Software Solutions Division (Age 66)
  • Mr. Arik Faingold, Pres of Integration Solutions Division (Age 42)
  • Mr. Yakov Tsaroya, Chief Exec. Officer of Coretech Consulting Services and Fusion Solutions (Age 49)
  • Mr. Udi Ertel, Pres of Software Solutions Division (Age 60)
  • Mr. Hanan Shahaf MBA, Chief Exec. Officer of Roshtov Software Industries Ltd (Age 67)

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 number of institutional and retail investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (5.13%), Naples Global Advisors LLC (0.33%), Menora Mivtachim Holdings LTD. (0.14%), UBS Group AG (0.06%) and Samalin Investment Counsel LLC (0.03%).

Which major investors are selling Magic Software Enterprises stock?

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

Which major investors are buying Magic Software Enterprises stock?

MGIC stock was purchased by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., Naples Global Advisors LLC, and Samalin Investment Counsel LLC.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Magic Software Enterprises' stock price today?

One share of MGIC stock can currently be purchased for approximately $13.14.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $643.07 million and generates $325.63 million in revenue each year. The software maker earns $20.27 million in net income (profit) each year or $0.58 on an earnings per share basis. Magic Software Enterprises employs 2,642 workers across the globe.

What is Magic Software Enterprises' official website?

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

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 972-3538-9322 or via email at [email protected]

This page was last updated on 8/5/2020 by MarketBeat.com Staff
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