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Magic Software Enterprises Stock Price, Forecast & Analysis (NASDAQ:MGIC)

$10.29
+0.47 (+4.79 %)
(As of 11/20/2019 04:05 AM ET)
Today's Range
$9.92
Now: $10.29
$10.30
50-Day Range
$8.83
MA: $9.22
$10.17
52-Week Range
$7.29
Now: $10.29
$10.30
Volume183,100 shs
Average Volume30,622 shs
Market Capitalization$503.09 million
P/E Ratio18.71
Dividend Yield3.16%
Beta0.91
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$0.82 per share
Book Value$5.09 per share

Profitability

Net Income$19.88 million

Miscellaneous

Employees2,226
Market Cap$503.09 million
Next Earnings Date3/2/2020 (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 announced a Semi-Annual dividend on Tuesday, August 13th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.156 per share on Thursday, September 12th. The ex-dividend date is Monday, August 26th. 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) issued its quarterly earnings data on Thursday, November, 14th. The software maker reported $0.17 EPS for the quarter, topping the Zacks' consensus estimate of $0.15 by $0.02. The software maker earned $85.84 million during the quarter, compared to analysts' expectations of $80.05 million. Magic Software Enterprises had a net margin of 6.41% and a return on equity of 10.95%. 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 Monday, March 2nd 2020. View Earnings Estimates for Magic Software Enterprises.

What price target have analysts set for MGIC?

1 Wall Street analysts have issued 12 month target prices for Magic Software Enterprises' shares. Their forecasts range from $11.00 to $11.00. On average, they anticipate Magic Software Enterprises' stock price to reach $11.00 in the next twelve months. This suggests a possible upside of 6.9% 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?

News articles about MGIC stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. 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 sentiment score of -3.9 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Magic Software Enterprises.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 22,600 shares, an increase of 927.3% from the September 30th total of 2,200 shares. Based on an average daily trading volume, of 42,000 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company's stock are sold short. 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), Alibaba Group (BABA), Applied Materials (AMAT), NVIDIA (NVDA), PepsiCo (PEP), salesforce.com (CRM), AT&T (T), Adobe (ADBE), Advanced Micro Devices (AMD) and TherapeuticsMD (TXMD).

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 institutional and retail investors. Top institutional investors include Naples Global Advisors LLC (0.31%), Menora Mivtachim Holdings LTD. (0.19%) and Yorktown Management & Research Co Inc (0.05%).

Which institutional investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Menora Mivtachim Holdings LTD..

Which institutional investors are buying Magic Software Enterprises stock?

MGIC stock was purchased by a variety of institutional investors in the last quarter, including Yorktown Management & Research Co Inc and Naples Global Advisors LLC.

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, Robinhood, Fidelity and Charles Schwab.

What is Magic Software Enterprises' stock price today?

One share of MGIC stock can currently be purchased for approximately $10.29.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $503.09 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:  2.0 out of 5 (star star)
Outperform Votes:  216 (Vote Outperform)
Underperform Votes:  312 (Vote Underperform)
Total Votes:  528
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 11/20/2019 by MarketBeat.com Staff

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