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

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

Magic Software Enterprises declared a Semi-Annual dividend on Tuesday, August 13th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.156 per share on Thursday, September 12th. The ex-dividend date is Monday, August 26th. This is a boost from Magic Software Enterprises's previous Semi-Annual dividend of $0.09. View Magic Software Enterprises' Dividend History.

Magic Software Enterprises Ltd (NASDAQ:MGIC) issued its quarterly earnings data on Thursday, November, 14th. The software maker reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.02. The software maker had revenue of $85.84 million for 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.

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Monday, March 2nd 2020. View Earnings Estimates for Magic Software Enterprises.

Magic Software Enterprises issued an update on its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $$317-320 million, compared to the consensus revenue estimate of $$312.6 million.

1 brokerages have issued twelve-month price targets for Magic Software Enterprises' stock. Their forecasts range from $11.00 to $11.00. On average, they expect Magic Software Enterprises' share price to reach $11.00 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Price Targets 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.

Media stories about MGIC stock have trended somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magic Software Enterprises earned a news sentiment score of 1.9 on InfoTrie's scale. They also gave media headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Magic Software Enterprises.

Magic Software Enterprises saw a increase in short interest in the month of November. As of November 15th, there was short interest totalling 22,600 shares, an increase of 927.3% from the October 31st total of 2,200 shares. Based on an average daily volume of 42,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company's shares are sold short. View Magic Software Enterprises' Current Options Chain.

Some companies that are related to Magic Software Enterprises include Carbon Black (CBLK), Progress Software (PRGS), Instructure (INST), Zuora (ZUO), Pagerduty (PD), Ping Identity (PING), MicroStrategy (MSTR), Cision (CISN), 2U (TWOU), Secureworks (SCWX), Bandwidth (BAND), Talend (TLND), Sapiens International (SPNS), Cango (CANG) and 3D Systems (DDD).

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).

Magic Software Enterprises' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Phoenix Holdings Ltd. (0.58%), Naples Global Advisors LLC (0.31%), Menora Mivtachim Holdings LTD. (0.19%) and Yorktown Management & Research Co Inc (0.05%).

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

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

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.

One share of MGIC stock can currently be purchased for approximately $9.75.

Magic Software Enterprises has a market capitalization of $476.68 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.

The official website for Magic Software Enterprises is http://www.magicsoftware.com/.

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]