NASDAQ:MGIC - Magic Software Enterprises Stock Price, News, & Analysis

$8.71
+0.10 (+1.16 %)
(As of 06/24/2019 09:12 AM ET)
Today's Range
$8.50
Now: $8.71
$8.73
50-Day Range
$8.37
MA: $8.77
$9.41
52-Week Range
$7.29
Now: $8.71
$10.20
Volume62,261 shs
Average Volume17,401 shs
Market Capitalization$425.83 million
P/E Ratio15.84
Dividend Yield3.44%
Beta0.97
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. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MGIC
CUSIPN/A
Phone972-3538-9322

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$284.38 million
Cash Flow$0.7812 per share
Book Value$5.09 per share

Profitability

Net Income$19.88 million

Miscellaneous

Employees2,226
Market Cap$425.83 million
Next Earnings Date8/14/2019 (Estimated)
OptionableOptionable

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Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

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 Semi-Annual dividend on Monday, March 4th. Stockholders of record on Thursday, March 14th will be given a dividend of $0.15 per share on Wednesday, March 27th. The ex-dividend date of this dividend is Wednesday, March 13th. This is an increase from Magic Software Enterprises's previous Semi-Annual dividend of $0.09. View Magic Software Enterprises' Dividend History.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd (NASDAQ:MGIC) posted its quarterly earnings data on Thursday, May, 16th. The software maker reported $0.14 earnings per share for the quarter, hitting analysts' consensus estimates of $0.14. The software maker earned $71.80 million during the quarter, compared to analyst estimates of $75.30 million. Magic Software Enterprises had a net margin of 7.21% and a return on equity of 10.83%. View Magic Software Enterprises' Earnings History.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Magic Software Enterprises.

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

Magic Software Enterprises issued an update on its FY 2019 earnings guidance on Thursday, May, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $313-319 million, compared to the consensus revenue estimate of $314.6 million.

What price target have analysts set for MGIC?

1 equities research analysts have issued twelve-month price objectives for Magic Software Enterprises' stock. Their forecasts range from $10.00 to $10.00. On average, they expect Magic Software Enterprises' share price to reach $10.00 in the next year. This suggests a possible upside of 14.8% from the stock's current price. View Analyst Price Targets for Magic Software Enterprises.

What is the consensus analysts' recommendation for 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 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magic Software Enterprises.

Has Magic Software Enterprises been receiving favorable news coverage?

Headlines about MGIC stock have been trending very negative recently, according to InfoTrie Sentiment. The research firm identifies positive and negative 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 closest to five being the most favorable. Magic Software Enterprises earned a news impact score of -3.0 on InfoTrie's scale. They also gave media headlines about the software maker a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the near term. View News Stories for Magic Software Enterprises.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a drop in short interest in the month of May. As of May 15th, there was short interest totalling 1,300 shares, a drop of 82.9% from the April 15th total of 7,600 shares. Based on an average daily volume of 32,100 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company's shares are short sold. View Magic Software Enterprises' Current Options Chain.

Who are some of Magic Software Enterprises' key 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), TherapeuticsMD (TXMD), Applied Materials (AMAT), PepsiCo (PEP), Canopy Growth (CGC), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Kinross Gold (KGC), AT&T (T) and Weyerhaeuser (WY).

Who are Magic Software Enterprises' key executives?

Magic Software Enterprises' management team includes the folowing 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)

Who are Magic Software Enterprises' major shareholders?

Magic Software Enterprises' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Clal Insurance Enterprises Holdings Ltd (5.04%), Harel Insurance Investments & Financial Services Ltd. (3.64%), Delek Group Ltd. (1.14%), Meitav Dash Investments Ltd. (0.91%), Naples Global Advisors LLC (0.28%) and Menora Mivtachim Holdings LTD. (0.26%).

Which major investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Meitav Dash Investments Ltd., Clal Insurance Enterprises Holdings Ltd, Edmond DE Rothschild Holding S.A., Harel Insurance Investments & Financial Services Ltd., Menta Capital LLC and ETF Managers Group LLC.

Which major investors are buying Magic Software Enterprises stock?

MGIC stock was purchased by a variety of institutional investors in the last quarter, including Delek Group Ltd., Sphera Funds Management LTD., Seizert Capital Partners LLC, Advisors Asset Management Inc., GHP Investment Advisors Inc., Naples Global Advisors LLC and Menora Mivtachim Holdings LTD..

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, Scottrade, Fidelity and Charles Schwab.

What is Magic Software Enterprises' stock price today?

One share of MGIC stock can currently be purchased for approximately $8.71.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $425.83 million and generates $284.38 million in revenue each year. The software maker earns $19.88 million in net income (profit) each year or $0.55 on an earnings per share basis. Magic Software Enterprises employs 2,226 workers across the globe.View Additional Information About Magic Software Enterprises.

What is Magic Software Enterprises' official website?

The official website for Magic Software Enterprises is http://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]


MarketBeat Community Rating for Magic Software Enterprises (NASDAQ MGIC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  206 (Thanks for Voting!)
Underperform Votes:  293 (Thanks for Voting!)
Total Votes:  499
MarketBeat's community ratings are surveys of what our community members think about Magic Software Enterprises and other stocks. Vote "Outperform" if you believe MGIC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGIC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 6/24/2019 by MarketBeat.com Staff

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