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. Investors of record on Tuesday, August 27th will be paid a dividend of $0.156 per share on Thursday, September 12th. The ex-dividend date of this dividend 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) announced 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 analyst estimates 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 updated its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) 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 equities research analysts have issued 12 month price objectives 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 that the stock has a possible downside of 0.1%. 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.

Press coverage about MGIC stock has been trending negative recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Magic Software Enterprises earned a media sentiment score of -2.2 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Magic Software Enterprises.

Magic Software Enterprises saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 6,600 shares, an increase of 247.4% from the January 15th total of 1,900 shares. Based on an average trading volume of 30,900 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company's shares are short sold. View Magic Software Enterprises' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Magic Software Enterprises investors own include Activision Blizzard (ATVI), Alibaba Group (BABA), AT&T (T), Applied Materials (AMAT), Gilead Sciences (GILD), PepsiCo (PEP), AbbVie (ABBV), Shopify (SHOP), Verizon Communications (VZ) and Adobe (ADBE).

Magic Software Enterprises' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Harel Insurance Investments & Financial Services Ltd. (4.92%), Renaissance Technologies LLC (1.01%), Phoenix Holdings Ltd. (0.84%), Naples Global Advisors LLC (0.32%), Menora Mivtachim Holdings LTD. (0.18%) and Meitav Dash Investments Ltd. (0.11%).

MGIC stock was sold by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Jane Street Group LLC, UBS Group AG, Menora Mivtachim Holdings LTD., Opus Capital Group LLC, Connor Clark & Lunn Investment Management Ltd. and Advisors Asset Management Inc..

MGIC stock was bought by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., Phoenix Holdings Ltd., Renaissance Technologies LLC, ARK Investment Management LLC, Acadian Asset Management LLC, Seizert Capital Partners LLC, Meitav Dash Investments Ltd. and Samalin Investment Counsel 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 $11.01.

Magic Software Enterprises has a market capitalization of $538.72 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]