Magic Software Enterprises Ltd Company Profile (NASDAQ:MGIC)

About Magic Software Enterprises Ltd (NASDAQ:MGIC)

Magic Software Enterprises Ltd 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
  • Symbol: NASDAQ:MGIC
  • CUSIP: N/A
  • Web: www.magicsoftware.com
Capitalization:
  • Market Cap: $375.12 million
  • Outstanding Shares: 44,132,000
Average Prices:
  • 50 Day Moving Avg: $7.89
  • 200 Day Moving Avg: $7.47
  • 52 Week Range: $6.46 - $8.70
P/E:
  • Trailing P/E Ratio: 29.89
  • Foreward P/E Ratio: 13.71
  • P/E Growth: 1.14
Sales & Book Value:
  • Annual Revenue: $217.74 million
  • Price / Sales: 1.72
  • Book Value: $4.51 per share
  • Price / Book: 1.88
Dividend:
  • Annual Dividend: $0.17
  • Dividend Yield: 2.0%
Profitability:
  • EBIDTA: $35.2 million
  • 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%
Misc:
  • Average Volume: 44,548 shs.
  • Beta: 0.65
  • Short Ratio: 2.5
 

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

What is Magic Software Enterprises Ltd's stock symbol?

Magic Software Enterprises Ltd trades on the NASDAQ under the ticker symbol "MGIC."

How often does Magic Software Enterprises Ltd pay dividends? What is the dividend yield for Magic Software Enterprises Ltd?

Magic Software Enterprises Ltd announced a dividend on Wednesday, February 22nd. Stockholders of record on Monday, March 20th will be given a dividend of $0.085 per share on Wednesday, April 5th. The ex-dividend date is Thursday, March 16th. View Magic Software Enterprises Ltd's Dividend History.

How were Magic Software Enterprises Ltd's earnings last quarter?

Magic Software Enterprises Ltd (NASDAQ:MGIC) issued its earnings results on Tuesday, May, 16th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The company had revenue of $60.80 million for the quarter, compared to analyst estimates of $49.90 million. Magic Software Enterprises Ltd had a net margin of 7.95% and a return on equity of 10.41%. The business's quarterly revenue was up 36.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. View Magic Software Enterprises Ltd's Earnings History.

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

4 brokers have issued 12-month target prices for Magic Software Enterprises Ltd's shares. Their predictions range from $10.00 to $10.00. On average, they expect Magic Software Enterprises Ltd's share price to reach $10.00 in the next twelve months. View Analyst Ratings for Magic Software Enterprises Ltd.

Who are some of Magic Software Enterprises Ltd's key competitors?

Who owns Magic Software Enterprises Ltd stock?

Magic Software Enterprises Ltd's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Denver Investment Advisors LLC (3.16%), Harel Insurance Investments & Financial Services Ltd. (2.41%), Renaissance Technologies LLC (0.77%), Menta Capital LLC (0.18%), Clal Insurance Enterprises Holdings Ltd (0.18%) and Edmond DE Rothschild Holding S.A. (0.17%). View Institutional Ownership Trends for Magic Software Enterprises Ltd.

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

Magic Software Enterprises Ltd's stock was sold by a variety of institutional investors in the last quarter, including O Shaughnessy Asset Management LLC, Jane Street Group LLC, Menta Capital LLC, Renaissance Technologies LLC and Goldman Sachs Group Inc.. View Insider Buying and Selling for Magic Software Enterprises Ltd.

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

Magic Software Enterprises Ltd's stock was purchased by a variety of institutional investors in the last quarter, including Clal Insurance Enterprises Holdings Ltd, Denver Investment Advisors LLC, Brandes Investment Partners LP, Eagle Global Advisors LLC, Morgan Stanley, Geode Capital Management LLC, Dimensional Fund Advisors LP and Edmond DE Rothschild Holding S.A.. View Insider Buying and Selling for Magic Software Enterprises Ltd.

How do I buy Magic Software Enterprises Ltd stock?

Shares of Magic Software Enterprises Ltd 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 Ltd stock cost?

One share of Magic Software Enterprises Ltd stock can currently be purchased for approximately $8.50.

Analyst Ratings

Consensus Ratings for Magic Software Enterprises Ltd (NASDAQ:MGIC) (?)
Ratings Breakdown: 1 Hold Rating, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.75)
Consensus Price Target: $10.00 (17.65% upside)

Analysts' Ratings History for Magic Software Enterprises Ltd (NASDAQ:MGIC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
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
12/3/2015HC WainwrightReiterated RatingBuy$7.00N/AView Rating Details
(Data available from 5/23/2015 forward)

Earnings

Earnings History for Magic Software Enterprises Ltd (NASDAQ:MGIC)
Earnings by Quarter for Magic Software Enterprises Ltd (NASDAQ:MGIC)
Earnings History by Quarter for Magic Software Enterprises Ltd (NASDAQ:MGIC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
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 Ltd (NASDAQ:MGIC)
2017 EPS Consensus Estimate: $0.56
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$0.14$0.14$0.14
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Magic Software Enterprises Ltd (NASDAQ:MGIC)
Most Recent Dividend:4/5/2017
Annual Dividend:$0.17
Dividend Yield:2.00%
Payout Ratio:50.00% (Trailing 12 Months of Earnings)
32.08% (Based on This Year's Estimates)
27.42% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Magic Software Enterprises Ltd (NASDAQ:MGIC)

Dividend History by Quarter for Magic Software Enterprises Ltd (NASDAQ:MGIC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/22/2017$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 Ltd (NASDAQ:MGIC)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Magic Software Enterprises Ltd (NASDAQ:MGIC)
Latest Headlines for Magic Software Enterprises Ltd (NASDAQ:MGIC)
Source:
DateHeadline
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
seekingalpha.com logoMagic Software Enterprises' (MGIC) CEO Guy Bernstein on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 17 at 9:16 AM
americanbankingnews.com logo Magic Software Enterprises Ltd (MGIC) Receives Consensus Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - May 17 at 8:56 AM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Forecasted to Post FY2017 Earnings of $0.55 Per Share
www.americanbankingnews.com - May 17 at 8:50 AM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Price Target Increased to $10.00 by Analysts at Rodman & Renshaw
www.americanbankingnews.com - May 17 at 8:34 AM
finance.yahoo.com logoMagic Delivers Record-Breaking Revenues of $61 Million for the First Quarter with 36% Year Over Year Growth
finance.yahoo.com - May 16 at 10:30 AM
finance.yahoo.com logoMagic Software posts 1Q profit
finance.yahoo.com - May 16 at 10:30 AM
finance.yahoo.com logoInvestor Network: Magic Software Enterprises Ltd. to Host Earnings Call
finance.yahoo.com - May 16 at 10:30 AM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Announces Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - May 16 at 8:56 AM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Expected to Announce Quarterly Sales of $49.9 Million
www.americanbankingnews.com - May 13 at 10:02 AM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Expected to Announce Earnings of $0.12 Per Share
www.americanbankingnews.com - May 11 at 9:18 AM
finance.yahoo.com logoMagic Software Enterprises Ltd. :MGIC-US: Earnings Analysis: Q4, 2016 By the Numbers : May 10, 2017
finance.yahoo.com - May 10 at 6:37 PM
americanbankingnews.com logoZacks Investment Research Downgrades Magic Software Enterprises Ltd. (MGIC) to Hold
www.americanbankingnews.com - May 9 at 7:16 AM
finance.yahoo.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : May 8, 2017
finance.yahoo.com - May 8 at 12:33 PM
americanbankingnews.com logoSomewhat Positive News Coverage Somewhat Likely to Impact Magic Software Enterprises (MGIC) Stock Price
www.americanbankingnews.com - May 1 at 7:00 PM
finance.yahoo.com logoMagic Software Announces Filing of 2016 Annual Report
finance.yahoo.com - April 28 at 7:27 PM
finance.yahoo.com logoMagic Software Enterprises Ltd. – Value Analysis (NASDAQ:MGIC) : April 28, 2017
finance.yahoo.com - April 28 at 7:27 PM
finance.yahoo.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : April 27, 2017
finance.yahoo.com - April 27 at 9:36 AM
americanbankingnews.com logoSomewhat Favorable Media Coverage Somewhat Likely to Impact Magic Software Enterprises (MGIC) Stock Price
www.americanbankingnews.com - April 24 at 9:34 PM
finance.yahoo.com logoMagic to Announce First Quarter 2017 Financial Results on May 16, 2017
finance.yahoo.com - April 20 at 10:02 AM
americanbankingnews.com logo$0.12 EPS Expected for Magic Software Enterprises Ltd. (MGIC) This Quarter
www.americanbankingnews.com - April 20 at 8:03 AM
americanbankingnews.com logoFavorable Press Coverage Extremely Likely to Impact Magic Software Enterprises (MGIC) Stock Price
www.americanbankingnews.com - April 16 at 11:25 AM
finance.yahoo.com logoMagic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : April 14, 2017
finance.yahoo.com - April 14 at 6:19 PM
americanbankingnews.com logoSomewhat Positive Press Coverage Somewhat Likely to Effect Magic Software Enterprises (MGIC) Share Price
www.americanbankingnews.com - April 13 at 8:38 PM
finance.yahoo.com logoIs Magic Software a Great Stock for Value Investors?
finance.yahoo.com - April 7 at 11:11 AM
americanbankingnews.com logo Magic Software Enterprises Ltd. (MGIC) Given Consensus Recommendation of "" by Analysts
www.americanbankingnews.com - March 21 at 10:52 AM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) Upgraded at Zacks Investment Research
www.americanbankingnews.com - March 19 at 5:42 PM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) Receives “Buy” Rating from Rodman & Renshaw
www.americanbankingnews.com - March 12 at 10:02 AM
finance.yahoo.com logoAssa Abloy Implements Industry 4.0 Solution Powered by Magic xpi Integration Platform
finance.yahoo.com - March 7 at 10:27 AM
finance.yahoo.com logoMoving Average Crossover Alert: Magic Software Enterprises (MGIC)
finance.yahoo.com - March 6 at 6:03 PM
finance.yahoo.com logoMagic to Open St. Petersburg R&D Center to Expand Solutions and Services Offering
finance.yahoo.com - February 28 at 10:04 AM
reuters.com logoBRIEF-Magic Software Enterprises says Q4 revenues up 15 pct year over year to $55.1 mln
www.reuters.com - February 22 at 6:39 PM
streetinsider.com logoMagic Software Enterprises (MGIC) Misses Q4 EPS by 3c
www.streetinsider.com - February 22 at 6:39 PM
seekingalpha.com logoMagic Software Enterprises' (MGIC) CEO Guy Bernstein on Q4 2016 Results - Earnings Call Transcript
seekingalpha.com - February 22 at 6:39 PM
finance.yahoo.com logoMagic Announces Distribution of Cash Dividend for Second Half of 2016
finance.yahoo.com - February 22 at 8:23 AM
us.rd.yahoo.com logo7:14 am Magic Software misses by $0.03, beats on revs; guides FY17 revs above two analyst estimate
us.rd.yahoo.com - February 21 at 6:22 PM
us.rd.yahoo.com logoMagic Delivers Record-Breaking Revenues of $202 Million for 2016 with 15% Year over Year Growth
us.rd.yahoo.com - February 21 at 6:22 PM
streetinsider.com logoForm 6-K MAGIC SOFTWARE ENTERPRIS For: Jan 19
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
finance.yahoo.com - January 19 at 8:36 PM
finance.yahoo.com logoZF Lemförder SA Migrates ERP System and Optimizes Production Efficiency with Magic xpi Integration Platform
finance.yahoo.com - December 6 at 9:56 AM
finance.yahoo.com logoOrangina Schweppes Quenches Thirst for Enterprise Application Integration (EAI) With Magic Software's Integration Platform
finance.yahoo.com - November 29 at 2:52 PM
seekingalpha.com logoMagic Software Enterprises' (MGIC) CEO Guy Bernstein on Q3 2016 Results - Earnings Call Transcript
seekingalpha.com - November 12 at 6:14 PM
benzinga.com logoMagic to Announce Third Quarter 2016 Financial...
www.benzinga.com - October 14 at 9:26 AM

Social

Magic Software Enterprises Ltd (MGIC) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by MarketBeat.com Staff