NASDAQ:MGIC Magic Software Enterprises (MGIC) Stock Price, News & Analysis $11.68 -0.04 (-0.34%) (As of 07/26/2024 ET) Add Compare Share Share Today's Range$11.62▼$11.8250-Day Range$9.63▼$11.8852-Week Range$8.15▼$13.20Volume26,919 shsAverage Volume56,384 shsMarket Capitalization$573.49 millionP/E Ratio16.00Dividend Yield3.51%Price Target$14.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Magic Software Enterprises alerts: Email Address Magic Software Enterprises MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside19.9% Upside$14.00 Price TargetShort InterestHealthy0.11% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainabilityN/ANews Sentiment0.58Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth4.21%From $0.95 to $0.99 Per ShareSee Full Details Hide Full Details 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.3.44 out of 5 starsComputer And Technology Sector266th out of 612 stocksPrepackaged Software Industry89th out of 202 stocks 2.5 Analyst's Opinion Consensus RatingMagic Software Enterprises has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageMagic Software Enterprises has received no research coverage in the past 90 days.Read more about Magic Software Enterprises' stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.11% of the float of Magic Software Enterprises has been sold short.Short Interest Ratio / Days to CoverMagic Software Enterprises has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Magic Software Enterprises has recently decreased by 16.43%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipMagic Software Enterprises is a leading dividend payer. It pays a dividend yield of 3.54%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMagic Software Enterprises does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Magic Software Enterprises is 56.16%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Magic Software Enterprises will have a dividend payout ratio of 41.41% next year. This indicates that Magic Software Enterprises will be able to sustain or increase its dividend.Read more about Magic Software Enterprises' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MGIC. Previous Next 2.5 News and Social Media Coverage News SentimentMagic Software Enterprises has a news sentiment score of 0.58. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Magic Software Enterprises this week, compared to 1 article on an average week.Search Interest4 people have searched for MGIC on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Magic Software Enterprises to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magic Software Enterprises insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.49% of the stock of Magic Software Enterprises is held by insiders.Percentage Held by InstitutionsOnly 24.70% of the stock of Magic Software Enterprises is held by institutions.Read more about Magic Software Enterprises' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Magic Software Enterprises are expected to grow by 4.21% in the coming year, from $0.95 to $0.99 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magic Software Enterprises is 16.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.45.Price to Earnings Ratio vs. SectorThe P/E ratio of Magic Software Enterprises is 16.00, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 262.26.Price to Book Value per Share RatioMagic Software Enterprises has a P/B Ratio of 1.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Magic Software Enterprises' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Unstoppable Prosperity“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.You can find out what they are by clicking here now. 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.Read More MGIC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGIC Stock News HeadlinesJuly 23 at 11:25 PM | finance.yahoo.comHUYA Aug 2024 7.500 put (HUYA240816P00007500)July 22, 2024 | globenewswire.comMagic Software to Announce 2024 Second Quarter Financial Results on August 14th, 2024July 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.July 20, 2024 | americanbankingnews.comMagic Software Enterprises (NASDAQ:MGIC) Raised to Strong-Buy at StockNews.comJuly 5, 2024 | seekingalpha.comMagic Software: Near-Term Alpha, Long-Term UnderperformanceMay 17, 2024 | msn.comMagic Software Enterprises Ltd. (NASDAQ:MGIC) Q1 2024 Earnings Call TranscriptMay 16, 2024 | globenewswire.comCORRECTION: Magic Software Reports First Quarter 2024 Financial ResultsMay 16, 2024 | globenewswire.comMagic Software Reports First Quarter 2024 Financial ResultsJuly 26, 2024 | Unstoppable Prosperity (Ad)“Generational Bull Run” IncomingLIVE Cash Flow Workshop Event / Hosted Virtually Weds @ 7PM EST Everyone who attends will also receive 3 special FREE Gifts during the event.May 1, 2024 | investorplace.com7 Tech Stocks Blending Growth and Income for Maximum ReturnsApril 23, 2024 | businesswire.comMelanie McFaddin with Wiley Bros – Aintree Capital &Partners, LLC Represents Theoris, Inc. in its Acquisition by CoreTech Consulting Group, LLCApril 3, 2024 | seekingalpha.comThe Bear's Case For Magic Software EnterprisesMarch 28, 2024 | barrons.comMagic Software Enterprises Ltd.March 16, 2024 | finance.yahoo.comMagic Software Enterprises Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearMarch 15, 2024 | seekingalpha.comMagic Software Enterprises Ltd. (MGIC) Q4 2023 Earnings Call TranscriptMarch 15, 2024 | finance.yahoo.comNew Forecasts: Here's What Analysts Think The Future Holds For Magic Software Enterprises Ltd. (NASDAQ:MGIC)March 14, 2024 | finance.yahoo.comMGIC Mar 2024 7.500 putMarch 14, 2024 | seekingalpha.comMagic Software Q4 2023 Earnings PreviewSee More Headlines Receive MGIC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Magic Software Enterprises and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings5/16/2024Ex-Dividend for 7/11 Dividend6/27/2024Dividend Payable7/11/2024Today7/26/2024Next Earnings (Confirmed)8/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryComputer Software Current SymbolNASDAQ:MGIC CUSIPN/A CIK876779 Webwww.magicsoftware.com Phone(723) 538-9292Fax972-3538-9333Employees3,628Year Founded1983Price Target and Rating Average Stock Price Target$14.00 High Stock Price Target$14.00 Low Stock Price Target$14.00 Potential Upside/Downside+19.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.73 Trailing P/E Ratio16.00 Forward P/E Ratio12.29 P/E GrowthN/ANet Income$37.03 million Net Margins6.83% Pretax Margin9.66% Return on Equity16.36% Return on Assets8.96% Debt Debt-to-Equity Ratio0.14 Current Ratio1.69 Quick Ratio1.69 Sales & Book Value Annual Sales$535.05 million Price / Sales1.07 Cash Flow$1.42 per share Price / Cash Flow8.22 Book Value$5.93 per share Price / Book1.97Miscellaneous Outstanding Shares49,100,000Free Float46,894,000Market Cap$573.49 million OptionableOptionable Beta1.06 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Asaf Berenstin (Age 46)Chief Financial Officer Comp: $548kMr. Arik Kilman (Age 71)Chairman of Software Solutions Division Comp: $581kMr. Arik Faingold (Age 47)President of Integration Solutions Division Comp: $622kMr. Yakov Tsaroya (Age 54)Chief Executive Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc. Comp: $1.82MEli SchwartzChief 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: $259.88kMs. Karin NetzerChief Marketing OfficerYael Ilan (Age 55)Chief Executive Officer of Complete Business Solutions More ExecutivesKey CompetitorsChangyou.ComNASDAQ:CYOURosetta StoneNYSE:RSTAmerican SoftwareNASDAQ:AMSWAiClick Interactive Asia GroupNASDAQ:ICLKPDF SolutionsNASDAQ:PDFSView All CompetitorsInstitutional OwnershipARK Investment Management LLCSold 9,467 shares on 7/26/2024Ownership: 0.381%Naples Global Advisors LLCSold 16,485 shares on 7/18/2024Ownership: 0.505%Quadrature Capital LtdBought 51,820 shares on 5/15/2024Ownership: 0.106%CANADA LIFE ASSURANCE CoBought 13,469 shares on 5/14/2024Ownership: 0.031%Acadian Asset Management LLCSold 11,593 shares on 5/10/2024Ownership: 0.006%View All Institutional Transactions MGIC Stock Analysis - Frequently Asked Questions How have MGIC shares performed this year? Magic Software Enterprises' stock was trading at $9.69 at the start of the year. Since then, MGIC stock has increased by 20.5% and is now trading at $11.68. View the best growth stocks for 2024 here. How were Magic Software Enterprises' earnings last quarter? Magic Software Enterprises Ltd. (NASDAQ:MGIC) announced its quarterly earnings data on Thursday, May, 16th. 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 earned $130.72 million during the quarter, compared to the consensus estimate of $126.80 million. Magic Software Enterprises had a net margin of 6.83% and a trailing twelve-month return on equity of 16.36%. 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. Who are Magic Software Enterprises' major shareholders? Top institutional shareholders of Magic Software Enterprises include Naples Global Advisors LLC (0.51%) and ARK Investment Management LLC (0.38%). 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. What other stocks do shareholders of Magic Software Enterprises own? Based on aggregate information from My MarketBeat watchlists, some other companies that Magic Software Enterprises investors own include Activision Blizzard (ATVI), Walt Disney (DIS), Gilead Sciences (GILD), Shopify (SHOP), Block (SQ), Tesla (TSLA) and Trade Desk (TTD). 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