Magic Software Enterprises Company Profile (NASDAQ:MGIC)

About Magic Software Enterprises (NASDAQ:MGIC)

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: Software
  • Sub-Industry: N/A
  • Symbol: NASDAQ:MGIC
  • CUSIP: N/A
  • Web: www.magicsoftware.com
Capitalization:
  • Market Cap: $383.95 million
  • Outstanding Shares: 44,486,000
Average Prices:
  • 50 Day Moving Avg: $8.05
  • 200 Day Moving Avg: $7.97
  • 52 Week Range: $6.65 - $8.70
P/E:
  • Trailing P/E Ratio: 32.22
  • Foreward P/E Ratio: 12.99
  • P/E Growth: 0.99
Sales & Book Value:
  • Annual Revenue: $235.86 million
  • Price / Sales: 1.64
  • Book Value: $4.65 per share
  • Price / Book: 1.87
Dividend:
  • Annual Dividend: $0.26
  • Dividend Yield: 3.1%
Profitability:
  • EBIDTA: $36.98 million
  • Net Margins: 5.08%
  • Return on Equity: 10.49%
  • Return on Assets: 6.58%
Debt:
  • Debt-to-Equity Ratio: 0.18%
  • Current Ratio: 3.55%
  • Quick Ratio: 3.55%
Misc:
  • Average Volume: 24,597 shs.
  • Beta: 0.63
  • Short Ratio: 2.43
 

Frequently Asked Questions for Magic Software Enterprises (NASDAQ:MGIC)

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 declared a semiannual dividend on Monday, August 14th. Shareholders of record on Tuesday, August 29th will be given a dividend of $0.13 per share on Wednesday, September 13th. This represents a yield of 3.25%. The ex-dividend date of this dividend is Tuesday, August 29th. This is an increase from Magic Software Enterprises's previous semiannual dividend of $0.10. View Magic Software Enterprises' Dividend History.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd. (NASDAQ:MGIC) released its earnings results on Wednesday, August, 9th. The company reported $0.13 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.01. The business earned $65.50 million during the quarter, compared to analysts' expectations of $52.65 million. Magic Software Enterprises had a net margin of 5.08% and a return on equity of 10.49%. Magic Software Enterprises's quarterly revenue was up 38.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 EPS. View Magic Software Enterprises' Earnings History.

When will Magic Software Enterprises make its next earnings announcement?

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Thursday, November, 9th 2017. View Earnings Estimates for Magic Software Enterprises.

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

5 brokerages have issued twelve-month target prices for Magic Software Enterprises' stock. Their forecasts range from $10.00 to $10.00. On average, they expect Magic Software Enterprises' stock price to reach $10.00 in the next year. View Analyst Ratings for Magic Software Enterprises.

Who are some of Magic Software Enterprises' key competitors?

Who are Magic Software Enterprises' key executives?

Magic Software Enterprises' management team includes the folowing people:

  • Guy Bernstein, Chief Executive Officer, Director
  • Asaf Berenstin, Chief Financial Officer
  • Yuval Baruch, Chief Executive Officer - Hermes Logistics
  • Udi Ertel, President - Software Solutions division
  • Arik Faingold, President - Integration Solutions division
  • Eyal Pfeifel, Chief Technology Officer
  • Amit Birk, Vice President of Mergers & Acquisitions, General Counsel, Secretary
  • Moshe Gez, Chief Executive Officer - Complete Business Solutions
  • Arik Kilman, President - AppBuilder Software Solutions division
  • Yacov Tsruya, Chief Executive Officer - Coretech Consulting Services and Fusion Solutions

Who owns Magic Software Enterprises stock?

Magic Software Enterprises' stock is owned by a number of of institutional and retail investors. Top institutional investors include PHOENIX HOLDINGS LTD. (6.43%), YELIN LAPIDOT HOLDINGS MANAGEMENT LTD. (5.00%), Clal Insurance Enterprises Holdings Ltd (2.69%), Harel Insurance Investments & Financial Services Ltd. (2.42%), Denver Investment Advisors LLC (1.65%) and Edmond DE Rothschild Holding S.A. (0.23%). View Institutional Ownership Trends for Magic Software Enterprises.

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, Goldman Sachs Group Inc. and Menta Capital LLC. View Insider Buying and Selling for Magic Software Enterprises.

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

Magic Software Enterprises' stock was acquired by a variety of institutional investors in the last quarter, including Clal Insurance Enterprises Holdings Ltd, Bank of New York Mellon Corp, Edmond DE Rothschild Holding S.A., AXA, Eagle Global Advisors LLC, Harel Insurance Investments & Financial Services Ltd. and Dimensional Fund Advisors LP. View Insider Buying and Selling for Magic Software Enterprises.

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.

What is Magic Software Enterprises' stock price today?

One share of Magic Software Enterprises stock can currently be purchased for approximately $8.70.


MarketBeat Community Rating for Magic Software Enterprises (NASDAQ MGIC)
Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  100 (Vote Outperform)
Underperform Votes:  118 (Vote Underperform)
Total Votes:  218
MarketBeat's community ratings are surveys of what our community members think about Magic Software Enterprises and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Magic Software Enterprises (NASDAQ:MGIC) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 4 Buy Ratings
Consensus Rating:Buy (Score: 2.80)
Consensus Price Target: $10.00 (14.94% upside)

Analysts' Ratings History for Magic Software Enterprises (NASDAQ:MGIC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/10/2017HC WainwrightSet Price TargetBuy$10.00MediumView Rating Details
5/17/2017Barclays PLCReiterated RatingOverweight$9.50 -> $10.00LowView Rating Details
5/17/2017Rodman & RenshawReiterated RatingBuy -> Buy$9.00 -> $10.00MediumView Rating Details
12/12/2016Deutsche Bank AGUpgradeHold -> BuyN/AView Rating Details
10/19/2016Compass PointDowngradeBuy -> NeutralN/AView Rating Details
(Data available from 9/20/2015 forward)

Earnings

Earnings History for Magic Software Enterprises (NASDAQ:MGIC)
Earnings by Quarter for Magic Software Enterprises (NASDAQ:MGIC)
Earnings History by Quarter for Magic Software Enterprises (NASDAQ MGIC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/9/2017        
8/9/20176/30/2017$0.12$0.13$52.65 million$65.50 millionViewListenView Earnings Details
5/16/20173/31/2017$0.12$0.13$49.90 million$60.80 millionViewN/AView Earnings Details
2/21/201712/31/2016$0.13$0.10$53.20 million$55.14 millionViewListenView Earnings Details
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$0.12$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$0.12$0.09$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)
2017 EPS Consensus Estimate: $0.55
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.13$0.13$0.13
Q2 20171$0.13$0.13$0.13
Q3 20171$0.16$0.16$0.16
Q4 20171$0.13$0.13$0.13
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Magic Software Enterprises (NASDAQ:MGIC)
Most Recent Dividend:9/13/2017
Annual Dividend:$0.26
Dividend Yield:2.99%
Payout Ratio:96.30% (Trailing 12 Months of Earnings)
46.43% (Based on This Year's Estimates)
38.81% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Magic Software Enterprises (NASDAQ:MGIC)

Dividend History by Quarter for Magic Software Enterprises (NASDAQ MGIC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/14/2017semiannual$0.133.25%8/29/20178/29/20179/13/2017
2/22/2017Semi-Annual$0.093/16/20173/20/20174/5/2017
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

Headline Trends for Magic Software Enterprises (NASDAQ:MGIC)
Latest Headlines for Magic Software Enterprises (NASDAQ:MGIC)
Source:
DateHeadline
finance.yahoo.com logoWhen Should You Buy Magic Software Enterprises Ltd (MGIC)?
finance.yahoo.com - September 20 at 6:17 AM
finance.yahoo.com logo3 Dividend-Yielding Tech Stocks to Buy Now
finance.yahoo.com - September 14 at 3:59 PM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) Upgraded at ValuEngine
www.americanbankingnews.com - September 11 at 10:18 PM
americanbankingnews.com logoZacks: Brokerages Expect Magic Software Enterprises Ltd. (MGIC) Will Post Quarterly Sales of $62.65 Million
www.americanbankingnews.com - September 3 at 7:26 AM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) Downgraded to Hold at Zacks Investment Research
www.americanbankingnews.com - September 2 at 8:16 AM
finance.yahoo.com logo5 Best Stocks From the Leading Odd Tech-Utility Duo in August
finance.yahoo.com - August 31 at 7:14 AM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - August 31 at 2:46 AM
finance.yahoo.com logoMagic xpi Integration Platform Receives Independent Recommendation from Ovum in Latest 'On the Radar' Report
finance.yahoo.com - August 28 at 3:26 PM
finance.yahoo.com logoMagic Software Enterprises Ltd. : MGIC-US: Dividend Analysis : August 29th, 2017 (record date) : By the numbers : August 25, 2017
finance.yahoo.com - August 26 at 7:09 AM
finance.yahoo.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : August 22, 2017
finance.yahoo.com - August 22 at 3:58 PM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) to Issue Semiannual Dividend of $0.13
www.americanbankingnews.com - August 14 at 6:08 PM
americanbankingnews.com logoZacks: Brokerages Anticipate Magic Software Enterprises Ltd. (MGIC) Will Announce Earnings of $0.15 Per Share
www.americanbankingnews.com - August 14 at 6:14 AM
finance.yahoo.com logoMagic Increases its Dividend Policy From 50% to 75% of its Annual Distributable Profits
finance.yahoo.com - August 13 at 7:09 PM
finance.yahoo.com logoMagic Announces Distribution of Cash Dividend for First Half of 2017
finance.yahoo.com - August 13 at 7:09 PM
americanbankingnews.com logoMagic Software Enterprises Ltd. (NASDAQ:MGIC) Upgraded to "Buy" at Zacks Investment Research
www.americanbankingnews.com - August 12 at 8:20 PM
americanbankingnews.com logoMagic Software Enterprises Ltd. (NASDAQ:MGIC) Releases Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - August 11 at 11:31 PM
americanbankingnews.com logoWilliam Blair Analysts Boost Earnings Estimates for Magic Software Enterprises Ltd. (NASDAQ:MGIC)
www.americanbankingnews.com - August 11 at 3:41 PM
finance.yahoo.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : August 10, 2017
finance.yahoo.com - August 11 at 6:29 AM
americanbankingnews.com logoMagic Software Enterprises Ltd. (NASDAQ:MGIC) to Post Q4 2017 Earnings of $0.13 Per Share, William Blair Forecasts
www.americanbankingnews.com - August 10 at 10:46 AM
finance.yahoo.com logoMagic Delivers Record-Breaking Revenues of $65 Million for the Second Quarter With 38% Year-Over-Year Growth and Raises Guidance on Continued Business Momentum
finance.yahoo.com - August 10 at 5:17 AM
finance.yahoo.com logoMagic Software posts 2Q profit
finance.yahoo.com - August 10 at 5:17 AM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - August 6 at 7:10 AM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) Downgraded by BidaskClub to Strong Sell
www.americanbankingnews.com - August 4 at 10:36 PM
americanbankingnews.com logoRed Hat (RHT) versus Magic Software Enterprises (MGIC) Head-To-Head Analysis
www.americanbankingnews.com - August 3 at 6:34 PM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) Scheduled to Post Quarterly Earnings on Wednesday
www.americanbankingnews.com - August 2 at 7:32 AM
americanbankingnews.com logoBidaskClub Lowers Magic Software Enterprises Ltd. (NASDAQ:MGIC) to Sell
www.americanbankingnews.com - July 29 at 2:52 PM
americanbankingnews.com logoMagic Software Enterprises Ltd. (NASDAQ:MGIC) Expected to Post Earnings of $0.12 Per Share
www.americanbankingnews.com - July 27 at 12:28 AM
finance.yahoo.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : July 25, 2017
finance.yahoo.com - July 26 at 12:09 AM
finance.yahoo.com logoETFs with exposure to Magic Software Enterprises Ltd. : July 24, 2017
finance.yahoo.com - July 24 at 6:50 PM
finance.yahoo.com logoMagic Software Enterprises Ltd. – Value Analysis (NASDAQ:MGIC) : July 21, 2017
finance.yahoo.com - July 22 at 6:26 AM
finance.yahoo.com logoDB Schenker Reduces Onboarding Time for eCommerce Customers with Magic Software's Integration Platform
finance.yahoo.com - July 21 at 2:17 AM
finance.yahoo.com logoETFs with exposure to Magic Software Enterprises Ltd. : July 14, 2017
finance.yahoo.com - July 15 at 6:26 AM
finance.yahoo.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : July 13, 2017
finance.yahoo.com - July 14 at 6:25 AM
americanbankingnews.com logoMagic Software Enterprises Ltd. (NASDAQ:MGIC) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - July 12 at 10:10 PM
finance.yahoo.com logoMagic Software Enterprises’ IoT Integration Solution Powered by GigaSpaces InsightEdge
finance.yahoo.com - July 12 at 3:27 AM
finance.yahoo.com logoMagic to Announce Second Quarter 2017 Financial Results on August 9, 2017
finance.yahoo.com - July 10 at 5:22 AM
americanbankingnews.com logoMagic Software Enterprises Ltd. (NASDAQ:MGIC) Expected to Announce Quarterly Sales of $52.65 Million
www.americanbankingnews.com - July 2 at 7:48 AM
americanbankingnews.com logo Brokerages Anticipate Magic Software Enterprises Ltd. (MGIC) to Announce $0.12 EPS
www.americanbankingnews.com - June 30 at 8:26 PM
finance.yahoo.com logoAisei Pharmacy Dispenses Better Service by Synching Marketo and CRM with Magic's Integration Platform
finance.yahoo.com - June 28 at 8:14 PM
finance.yahoo.com logoETFs with exposure to Magic Software Enterprises Ltd. : June 28, 2017
finance.yahoo.com - June 28 at 8:14 PM
finance.yahoo.com logoMagic Software Enterprises Ltd. :MGIC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017
finance.yahoo.com - June 21 at 7:40 PM
finance.yahoo.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : June 20, 2017
finance.yahoo.com - June 20 at 7:30 PM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Short Interest Update
www.americanbankingnews.com - June 11 at 12:46 PM
americanbankingnews.com logoZacks: Brokerages Expect Magic Software Enterprises Ltd (MGIC) Will Announce Quarterly Sales of $52.65 Million
www.americanbankingnews.com - June 8 at 9:56 AM
americanbankingnews.com logo Brokerages Anticipate Magic Software Enterprises Ltd (MGIC) Will Announce Earnings of $0.12 Per Share
www.americanbankingnews.com - June 6 at 6:14 PM
finance.yahoo.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : June 6, 2017
finance.yahoo.com - June 6 at 9:30 AM
finance.yahoo.com logoMagic's Application Platform Dominates the Japanese Market in License Sales
finance.yahoo.com - May 22 at 10:10 AM
americanbankingnews.com logoBarclays PLC Reiterates Overweight Rating for Magic Software Enterprises Ltd (MGIC)
www.americanbankingnews.com - May 17 at 5:56 PM
reuters.com logoBRIEF-Magic Software reports Q1 non-GAAP earnings of $0.13/shr
www.reuters.com - May 17 at 9:16 AM
streetinsider.com logoMagic Software Enterprises (MGIC) Tops Q1 EPS by 1c, Beats on Revenues
www.streetinsider.com - May 17 at 9:16 AM

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Chart

Magic Software Enterprises (MGIC) Chart for Wednesday, September, 20, 2017

This page was last updated on 9/20/2017 by MarketBeat.com Staff