Magic Software Enterprises Company Profile (NASDAQ:MGIC)

About Magic Software Enterprises

Magic Software Enterprises logoMagic 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: Application Software
  • Sub-Industry: N/A
  • Exchange: NASDAQ
  • Symbol: MGIC
  • CUSIP:
Key Metrics:
  • Previous Close: $7.80
  • 50 Day Moving Average: $7.09
  • 200 Day Moving Average: $7.25
  • 52-Week Range: $44,132,000.00 - $6.04
  • Trailing P/E Ratio: 22.21
  • Foreward P/E Ratio: 14.09
  • P/E Growth: 1.69
  • Market Cap: $342.02M
  • Outstanding Shares: 44,132,000
  • Beta: 0.65
Profitability:
  • Net Margins: 7.95%
  • Return on Equity: 10.41%
  • Return on Assets: 8.09%
Debt:
  • Debt-to-Equity Ratio: 0.02%
  • Current Ratio: 3.25%
  • Quick Ratio: 3.25%
Additional Links:
Companies Related to Magic Software Enterprises:

Analyst Ratings

Consensus Ratings for Magic Software Enterprises (NASDAQ:MGIC) (?)
Ratings Breakdown: 1 Hold Rating, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.67)
Consensus Price Target: $9.00 (16.13% upside)

Analysts' Ratings History for Magic Software Enterprises (NASDAQ:MGIC)
Show:
DateFirmActionRatingPrice TargetDetails
12/12/2016Deutsche Bank AGUpgradeHold -> BuyView Rating Details
11/10/2016Barclays PLCSet Price TargetBuy$9.00View Rating Details
10/19/2016Compass PointDowngradeBuy -> NeutralView Rating Details
12/3/2015HC WainwrightReiterated RatingBuy$7.00View Rating Details
(Data available from 2/19/2015 forward)

Earnings

Earnings History for Magic Software Enterprises (NASDAQ:MGIC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/10/2016Q316$0.14$0.12$50.10 million$54.50 millionViewN/AView Earnings Details
8/10/2016Q216$0.13$0.12$45.07 million$47.40 millionViewListenView Earnings Details
5/9/2016Q116$0.14$0.11$43.97 million$44.70 millionViewN/AView Earnings Details
2/17/2016Q415$0.15$0.13$44.81 million$47.90 millionViewListenView Earnings Details
11/11/2015Q315$0.13$0.13$43.33 million$45.30 millionViewListenView Earnings Details
8/11/2015Q215$0.12$0.12$41.85 million$42.50 millionViewListenView Earnings Details
5/11/2015Q115$0.12$0.12$43.80 million$40.30 millionViewListenView Earnings Details
1/30/2015Q414$0.11$0.13$42.35 million$42.50 millionViewN/AView Earnings Details
11/10/2014Q3$0.14$0.11$41.00 million$40.20 millionViewN/AView Earnings Details
8/11/2014Q214$0.11$0.11$39.30 million$40.60 millionViewN/AView Earnings Details
5/7/2014Q114$0.13$0.12$33.40 million$40.90 millionViewN/AView Earnings Details
2/12/2014Q413$0.16$55.73 million$41.19 millionViewN/AView Earnings Details
11/6/2013Q313$0.12$0.11$35.50 million$35.60 millionViewN/AView Earnings Details
5/7/2013Q113$0.12$0.11$33.80 million$33.40 millionViewN/AView Earnings Details
2/14/2013Q412$0.13$0.12$35.00 million$35.70 millionViewN/AView Earnings Details
11/7/2012Q312$0.11$0.11$30.00 million$30.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Magic Software Enterprises (NASDAQ:MGIC)
Current Year EPS Consensus Estimate: $0.49 EPS
Next Year EPS Consensus Estimate: $0.55 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.12$0.12$0.12
Q2 20161$0.11$0.11$0.11
Q3 20161$0.13$0.13$0.13
Q4 20161$0.12$0.12$0.12
Q1 20171$0.12$0.12$0.12
Q2 20171$0.13$0.13$0.13
Q3 20171$0.15$0.15$0.15
Q4 20171$0.16$0.16$0.16
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Magic Software Enterprises (NASDAQ:MGIC)
Annual Dividend:$0.17
Dividend Yield:2.19%
Payout Ratio:50.00% (Based on Trailing 12 Months of Earnings)
34.69% (Based on Current Year Consensus EPS Estimate)
30.91% (Based on Next Year Consensus EPS Estimate)

Dividend History for Magic Software Enterprises (NASDAQ:MGIC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/15/2016$0.099/6/20169/8/20169/22/2016
2/21/2016$0.092/29/20163/2/20163/17/2016
8/12/2015$0.108/21/20158/25/20159/10/2015
2/5/2015$0.082/19/20152/23/20153/11/2015
8/12/2014semiannual$0.102.71%8/15/20148/19/20149/4/2014
2/20/2014semiannual$0.122.78%2/25/20142/27/20143/17/2014
2/20/2014$0.122/25/20142/27/20143/14/2014
8/13/2013semiannual$0.092.96%8/19/20138/21/20139/3/2013
2/15/2013quarterly$0.1210.04%2/21/20132/25/20133/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Magic Software Enterprises (NASDAQ:MGIC)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Latest Headlines for Magic Software Enterprises (NASDAQ:MGIC)
DateHeadline
capitalcube.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : February 1, 2017 (NASDAQ:MGIC)
www.capitalcube.com - February 1 at 7:25 PM
streetinsider.com logoForm 6-K MAGIC SOFTWARE ENTERPRIS For: Jan 19 (NASDAQ:MGIC)
www.streetinsider.com - January 19 at 8:36 PM
finance.yahoo.com logoMagic to Announce Fourth Quarter and Full Year 2016 Financial Results on February 21, 2017 (NASDAQ:MGIC)
finance.yahoo.com - January 19 at 8:36 PM
News IconMagic's integration platform gets Oracle certified (NASDAQ:MGIC)
www.totaltele.com - January 13 at 12:05 AM
News IconMagic's xpi Platform Gains Oracle Certification (NASDAQ:MGIC)
business.newsfactor.com - January 12 at 12:07 AM
News IconMagic xpi and xpa Used To Develop Blockchain Apps (NASDAQ:MGIC)
www.enterprise-security-today.com - January 9 at 4:19 AM
publicnow.com logoMagic Software Benelux and Tymlez Partner on End-to-End Blockchain Applications (NASDAQ:MGIC)
www.publicnow.com - December 20 at 12:28 PM
News IconMagic Software and Tymlez partner to develop Blockchain Apps (NASDAQ:MGIC)
www.computerworld.co.nz - December 19 at 10:27 AM
News IconTymlez and Magic Software Partner to Develop Blockchain Apps (NASDAQ:MGIC)
www.the-blockchain.com - December 19 at 10:27 AM
News IconZF Lemförder uses Magic's xpi to migrate ERP system, optimizes production (NASDAQ:MGIC)
www.cso.com.au - December 7 at 11:31 PM
finance.yahoo.com logoZF Lemförder SA Migrates ERP System and Optimizes Production Efficiency with Magic xpi Integration Platform (NASDAQ:MGIC)
finance.yahoo.com - December 6 at 9:56 AM
capitalcube.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : December 6, 2016 (NASDAQ:MGIC)
www.capitalcube.com - December 6 at 9:56 AM
News IconSchweppes Rolls Out EAI Solution with Magic's xpi (NASDAQ:MGIC)
www.cio-today.com - November 29 at 2:52 PM
News IconSchweppes rolls out EU/UK EAI solution based on Magic's xpi (NASDAQ:MGIC)
www.cso.com.au - November 29 at 2:52 PM
finance.yahoo.com logoOrangina Schweppes Quenches Thirst for Enterprise Application Integration (EAI) With Magic Software's Integration Platform (NASDAQ:MGIC)
finance.yahoo.com - November 29 at 2:52 PM
capitalcube.com logoMagic Software Enterprises Ltd. :MGIC-US: Earnings Analysis: Q3, 2016 By the Numbers : November 23, 2016 (NASDAQ:MGIC)
www.capitalcube.com - November 23 at 6:12 PM
capitalcube.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : November 22, 2016 (NASDAQ:MGIC)
www.capitalcube.com - November 22 at 10:20 AM
publicnow.com logoNotice of 2016 Annual General Meeting of Shareholders to be Held on December 15, 2016 (NASDAQ:MGIC)
www.publicnow.com - November 13 at 10:10 AM
News IconMagic reports peak revenue, lower profit (NASDAQ:MGIC)
www.globes.co.il - November 12 at 6:14 PM
seekingalpha.com logoMagic Software Enterprises' (MGIC) CEO Guy Bernstein on Q3 2016 Results - Earnings Call Transcript (NASDAQ:MGIC)
seekingalpha.com - November 12 at 6:14 PM
sg.finance.yahoo.com logoMagic Software misses 3Q profit forecasts (NASDAQ:MGIC)
sg.finance.yahoo.com - November 10 at 8:54 AM
publicnow.com logoMagic Reports Record-Breaking Third Quarter 2016 Revenues (NASDAQ:MGIC)
www.publicnow.com - November 10 at 8:54 AM
publicnow.com logoMagic Signs Definitive Seven-Year Term Loan Agreement (NASDAQ:MGIC)
www.publicnow.com - November 9 at 8:28 AM
capitalcube.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : November 9, 2016 (NASDAQ:MGIC)
www.capitalcube.com - November 9 at 8:28 AM
News IconMagic adds support for iOS 10 with xpa 3.2 (NASDAQ:MGIC)
www.cso.com.au - November 3 at 9:59 AM
News IconMagic Releases xpa 3.2 with iOS 10 Support (NASDAQ:MGIC)
www.crm-daily.com - November 2 at 6:25 PM
publicnow.com logoMagic Software Boosts Its Rapid Development Platform with Expanded Mobile Capabilities and Improved User Experience (NASDAQ:MGIC)
www.publicnow.com - November 2 at 9:42 AM
capitalcube.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : October 26, 2016 (NASDAQ:MGIC)
www.capitalcube.com - October 26 at 9:32 AM
capitalcube.com logoMagic Software Enterprises Ltd. : MGIC-US: Dividend Analysis : September 08th, 2016 (record date) : By the numbers : October 21, 2016 (NASDAQ:MGIC)
www.capitalcube.com - October 21 at 6:11 PM
News IconMoose Toys chooses Magic Software's Integration Platform (NASDAQ:MGIC)
www.financial-news.co.uk - October 21 at 9:32 AM
News IconMoose Toys Drives IT Efficiency with Magic's xpi (NASDAQ:MGIC)
www.newsfactor.com - October 20 at 6:28 PM
publicnow.com logoWorld-Leading Toymaker, Australia’s Moose Toys, Steps Ahead of the Herd with Magic Software’s Integration Platform (NASDAQ:MGIC)
www.publicnow.com - October 19 at 11:04 AM
benzinga.com logoMagic to Announce Third Quarter 2016 Financial... (NASDAQ:MGIC)
www.benzinga.com - October 14 at 9:26 AM
publicnow.com logoMagic to Announce Third Quarter 2016 Financial Results on November 10, 2016 (NASDAQ:MGIC)
www.publicnow.com - October 13 at 9:43 AM
publicnow.com logoConsolidated first-half sales (NASDAQ:MGIC)
www.publicnow.com - September 22 at 5:52 PM
capitalcube.com logoMagic Software Enterprises Ltd. – Value Analysis (NASDAQ:MGIC) : September 14, 2016 (NASDAQ:MGIC)
www.capitalcube.com - September 14 at 6:15 PM
capitalcube.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : September 13, 2016 (NASDAQ:MGIC)
www.capitalcube.com - September 13 at 10:57 AM
mysmartrend.com logoMagic Software Enterprises Has Returned 23.5% Since SmarTrend Recommendation (MGIC) (NASDAQ:MGIC)
www.mysmartrend.com - September 12 at 5:53 PM
mysmartrend.com logoMagic Software Enterprises Shares Up 32.1% Since SmarTrend's Buy Recommendation (MGIC) (NASDAQ:MGIC)
www.mysmartrend.com - August 26 at 9:09 AM
News IconMagic declares cash dividend for 1st half 2016. (NASDAQ:MGIC)
www.thefreelibrary.com - August 17 at 6:21 PM
News IconMagic declares cash dividend for 1st half 2016 (NASDAQ:MGIC)
www.financial-news.co.uk - August 15 at 6:21 PM
publicnow.com logoMagic Announces Distribution of Cash Dividend for First Half of 2016 (NASDAQ:MGIC)
www.publicnow.com - August 14 at 10:42 AM
capitalcube.com logoMagic Software Enterprises Ltd. :MGIC-US: Earnings Analysis: Q2, 2016 By the Numbers : August 11, 2016 (NASDAQ:MGIC)
www.capitalcube.com - August 11 at 6:30 PM
4-traders.com logoMagic Software Enterprises : Reports Second Quarter 2016 Financial Results (NASDAQ:MGIC)
www.4-traders.com - August 11 at 9:19 AM
fidaily.com logoShares now up at $7.60 (MGIC) Magic Reports Second Quarter 2016… (NASDAQ:MGIC)
www.fidaily.com - August 11 at 9:19 AM
mysmartrend.com logoMagic Software Enterprises Shares Up 28.7% Since SmarTrend's Buy Recommendation (MGIC) (NASDAQ:MGIC)
www.mysmartrend.com - August 11 at 9:19 AM
seekingalpha.com logoMagic Software Enterprises' (MGIC) CEO Guy Bernstein on Q2 2016 Results - Earnings Call Transcript (NASDAQ:MGIC)
seekingalpha.com - August 11 at 9:19 AM
sg.finance.yahoo.com logoMagic Software meets 2Q profit forecasts (NASDAQ:MGIC)
sg.finance.yahoo.com - August 10 at 9:10 AM
publicnow.com logoMagic Reports Second Quarter 2016 Financial Results (NASDAQ:MGIC)
www.publicnow.com - August 10 at 9:10 AM
capitalcube.com logoMGI Coutier SA :MGIC-FR: Earnings Analysis: For the six months ended December 31, 2015 : August 8, 2016 (NASDAQ:MGIC)
www.capitalcube.com - August 8 at 10:50 AM

Social

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 announced a dividend on Monday, August 15th. Shareholders of record on Thursday, September 8th will be given a dividend of $0.085 per share on Thursday, September 22nd. The ex-dividend date of this dividend is Tuesday, September 6th.

Where is Magic Software Enterprises' stock going? Where will Magic Software Enterprises' stock price be in 2017?

3 equities research analysts have issued 1-year target prices for Magic Software Enterprises' shares. Their predictions range from $9.00 to $9.00. On average, they expect Magic Software Enterprises' stock price to reach $9.00 in the next twelve months.

Who owns Magic Software Enterprises stock?

Magic Software Enterprises' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Denver Investment Advisors LLC (3.14%), Unterberg Capital LLC (2.76%), Harel Insurance Investments & Financial Services Ltd. (2.41%), Renaissance Technologies LLC (0.78%), Menta Capital LLC (0.20%) and O Shaughnessy Asset Management LLC (0.07%).

Who sold Magic Software Enterprises stock? Who is selling Magic Software Enterprises stock?

Magic Software Enterprises' stock was sold by a variety of institutional investors in the last quarter, including Denver Investment Advisors LLC, Renaissance Technologies LLC and Menta Capital LLC.

Who bought Magic Software Enterprises stock? Who is buying Magic Software Enterprises stock?

Magic Software Enterprises' stock was bought by a variety of institutional investors in the last quarter, including Unterberg Capital LLC.

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.

How much does a share of Magic Software Enterprises stock cost?

One share of Magic Software Enterprises stock can currently be purchased for approximately $7.75.

Magic Software Enterprises (NASDAQ:MGIC) Chart for Sunday, February, 19, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Magic Software Enterprises (NASDAQ:MGIC)

Earnings History Chart

Earnings by Quarter for Magic Software Enterprises (NASDAQ:MGIC)

Dividend History Chart

Dividend Payments by Quarter for Magic Software Enterprises (NASDAQ:MGIC)

Last Updated on 2/19/2017 by MarketBeat.com Staff