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NASDAQ:MGIC

Magic Software Enterprises (MGIC) Stock Forecast, Price & News

$17.00
-0.04 (-0.23%)
(As of 05/20/2022 03:58 PM ET)
Add
Compare
Today's Range
$16.63
▼
$17.15
50-Day Range
$15.17
▼
$18.59
52-Week Range
$14.87
▼
$25.49
Volume
13,429 shs
Average Volume
25,851 shs
Market Capitalization
$834.24 million
P/E Ratio
30.36
Dividend Yield
2.52%
Beta
1.28
View Price History Chart DataSkip Price History Chart
30 days | 90 days | 365 days | Advanced Chart
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Magic Software Enterprises logo

About Magic Software Enterprises

Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. Its IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. The company offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi for application integration; Magic xpc, a hybrid integration platform as a service; Magic SmartUX, a mobile development application platform; and FactoryEye for virtualization of production data. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Solution, a packaged software solution for managing air cargo ground handling; HR Pulse, a customized single-tenant software as a service tool; and MBS Solution, a proprietary system for managing TV broadcast management. In addition, the company provides software maintenance, support, training, and consulting services. It serves oil and gas, telecommunications, financial, healthcare, and industrial sectors; and public institutions and international agencies. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. Magic Software Enterprises Ltd. was incorporated in 1983 and is headquartered in Or Yehuda, Israel.

Headlines

May 15, 2022 | seekingalpha.com
Magic Software Continues To Create Revenue Platforms In Resilient Industries
May 14, 2022 | americanbankingnews.com
Magic Software Enterprises (NASDAQ:MGIC) Rating Lowered to Buy at StockNews.com
May 12, 2022 | seekingalpha.com
Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q1 2022 Results - Earnings Call Transcript
May 12, 2022 | finance.yahoo.com
Magic Software Announces Filing of 2021 Annual Report
May 12, 2022 | finance.yahoo.com
Magic Software Reports First Quarter 2022 Financial Results with Record-Breaking Revenues of $138.7 Million, Reflecting 29.3% Year Over Year Growth
May 12, 2022 | seekingalpha.com
Magic Software Non-GAAP EPS of $0.26, revenue of $138.7M; raises FY22 guidance
May 11, 2022 | seekingalpha.com
Magic Software Q1 consensus EPS, revenue estimates up
May 6, 2022 | americanbankingnews.com
Zacks Investment Research Upgrades Magic Software Enterprises (NASDAQ:MGIC) to Hold
May 4, 2022 | americanbankingnews.com
Magic Software Enterprises (NASDAQ:MGIC) Upgraded to Strong-Buy at StockNews.com
April 27, 2022 | americanbankingnews.com
Zacks Investment Research Downgrades Magic Software Enterprises (NASDAQ:MGIC) to Sell
April 26, 2022 | finance.yahoo.com
Microsoft (MSFT) Q3 Earnings and Revenues Top Estimates
April 7, 2022 | finance.yahoo.com
Should Weakness in Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
March 7, 2022 | finance.yahoo.com
Magic Software Enterprises' (NASDAQ:MGIC) Upcoming Dividend Will Be Larger Than Last Year's
See More Headlines

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Prepackaged software
Sub-Industry
N/A
Sector
Computer and Technology
Current Symbol
NASDAQ:MGIC
Previous Symbol
CUSIP
N/A
CIK
876779
Web
www.magicsoftware.com
Phone
(723) 538-9292
Fax
972-3538-9333
Employees
3,039
Year Founded
1983

Sales & Book Value

Annual Sales
$480.33 million
Price / Sales
1.74
Cash Flow
$1.22 per share
Price / Cash Flow
13.94
Book Value
$5.62 per share
Price / Book
3.02

Profitability

EPS (Most Recent Fiscal Year)
$0.56
Net Income
$29.33 million
Net Margins
5.35%
Pretax Margin
9.42%
Return on Equity
17.84%
Return on Assets
10.14%

Debt

Debt-to-Equity Ratio
0.08
Current Ratio
2.32
Quick Ratio
2.32

Price-To-Earnings

Trailing P/E Ratio
30.36
Forward P/E Ratio
15.74
P/E Growth
N/A

Miscellaneous

Outstanding Shares
49,073,000
Free Float
46,870,000
Market Cap
$834.24 million
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/7 Dividend
3/23/2022
Dividend Payable
4/07/2022
Last Earnings
5/12/2022
Today
5/20/2022
Next Earnings (Estimated)
8/11/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank™

Overall MarketRank™

1.36 out of 5 stars

Computer And Technology Sector

722nd out of 924 stocks

Prepackaged Software Industry

236th out of 297 stocks

Analyst Opinion: 0.0Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -













Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a increase in short interest in April. As of April 30th, there was short interest totaling 15,700 shares, an increase of 23.6% from the April 15th total of 12,700 shares. Based on an average daily trading volume, of 21,400 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company's stock are short sold.
View Magic Software Enterprises' Short Interest.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
View our earnings forecast for Magic Software Enterprises.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd. (NASDAQ:MGIC) issued its quarterly earnings results on Thursday, May, 12th. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The software maker had revenue of $138.71 million for the quarter, compared to analysts' expectations of $128.80 million. Magic Software Enterprises had a trailing twelve-month return on equity of 17.84% and a net margin of 5.35%.
View Magic Software Enterprises' earnings history.

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 Wednesday, March 2nd. Investors of record on Thursday, March 24th will be given a dividend of $0.216 per share on Thursday, April 7th. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, March 23rd.
View Magic Software Enterprises' dividend history.

Is Magic Software Enterprises a good dividend stock?

Magic Software Enterprises pays an annual dividend of $0.43 per share and currently has a dividend yield of 2.50%. The dividend payout ratio of Magic Software Enterprises is 76.79%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Magic Software Enterprises will have a dividend payout ratio of 36.13% next year. This indicates that Magic Software Enterprises will be able to sustain or increase its dividend.
View Magic Software Enterprises' dividend history.

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

Magic Software Enterprises issued an update on its FY 2022 earnings guidance on Thursday, May, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $540.00 million-$550.00 million, compared to the consensus revenue estimate of $540.40 million.

Who are Magic Software Enterprises' key executives?
Magic Software Enterprises' management team includes the following people:
  • Mr. Arik Kilman, Chairman of Software Solutions Division (Age 69, Pay $511.33k)
  • Mr. Arik Faingold, Pres of Integration Solutions Division (Age 45, Pay $564.44k)
  • Mr. Yuval Baruch, Chief Exec. Officer of Hermes Logistics Technologies (Age 55, Pay $319.47k)
  • Mr. Yakov Tsaroya, Chief Exec. Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc. (Age 52, Pay $855k)
  • Mr. Hanan Shahaf MBA, Chief Exec. Officer of Roshtov Software Industries Ltd (Age 70, Pay $310.61k)
  • Mr. Guy Bernstein, CEO & Director (Age 54)
  • Mr. Asaf Berenstin, Chief Financial Officer (Age 44)
  • Mr. Yuval Lavi, Chief Technology Officer (Age 53)
  • Mr. Amit Birk, VP of Mergers & Acquisitions, Gen. Counsel & Corp. Sec. (Age 51)
  • Ms. Karin Netzer, Chief Marketing Officer
What is Guy Bernstein's approval rating as Magic Software Enterprises' CEO?

13 employees have rated Magic Software Enterprises CEO Guy Bernstein on Glassdoor.com. Guy Bernstein has an approval rating of 61% among Magic Software Enterprises' employees. This puts Guy Bernstein in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Walt Disney (DIS), Gilead Sciences (GILD), Shopify (SHOP), Square (SQ), Tesla (TSLA), Trade Desk (TTD), AbbVie (ABBV), Applied Materials (AMAT) and Alibaba Group (BABA).

What is Magic Software Enterprises' stock symbol?

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

Who are Magic Software Enterprises' major shareholders?

Magic Software Enterprises' stock is owned by many different institutional and retail investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (5.12%), Meitav Dash Investments Ltd. (1.11%), Renaissance Technologies LLC (1.05%), Phoenix Holdings Ltd. (0.79%), Wellington Management Group LLP (0.71%) and Naples Global Advisors LLC (0.45%).

Which major investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, State Street Corp, UBS Group AG, Oppenheimer & Co. Inc., ARK Investment Management LLC, Edmond DE Rothschild Holding S.A., and Eqis Capital Management Inc..

Which major investors are buying Magic Software Enterprises stock?

MGIC stock was acquired by a variety of institutional investors in the last quarter, including Phoenix Holdings Ltd., Group One Trading L.P., PEAK6 Investments LLC, Meitav Dash Investments Ltd., Goldman Sachs Group Inc., Dimensional Fund Advisors LP, Russell Investments Group Ltd., and Sawtooth Solutions 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Magic Software Enterprises' stock price today?

One share of MGIC stock can currently be purchased for approximately $16.92.

How much money does Magic Software Enterprises make?

Magic Software Enterprises has a market capitalization of $830.26 million and generates $480.33 million in revenue each year. The software maker earns $29.33 million in net income (profit) each year or $0.56 on an earnings per share basis.

How many employees does Magic Software Enterprises have?

Magic Software Enterprises employs 3,039 workers across the globe.

When was Magic Software Enterprises founded?

Magic Software Enterprises was founded in 1983.

What is Magic Software Enterprises' official website?

The official website for Magic Software Enterprises is 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 (723) 538-9292, via email at [email protected], or via fax at 972-3538-9333.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

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