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NASDAQ:MGIC

Magic Software Enterprises - MGIC Stock Forecast, Price & News

$16.34
-0.10 (-0.61%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$16.25
$16.54
50-Day Range
$14.45
$17.48
52-Week Range
$14.01
$21.88
Volume
10,098 shs
Average Volume
23,243 shs
Market Capitalization
$802.10 million
P/E Ratio
25.54
Dividend Yield
3.53%
Price Target
N/A
MGIC stock logo

About Magic Software Enterprises (NASDAQ:MGIC) Stock

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; FactoryEye for virtualization of production data; BusinessEye for organizational business intelligence; and Magic SmartUX for cross-platform mobile business applications. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, the company provides software maintenance, support, training, and consulting services. 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.

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MGIC Stock News Headlines

Magic Software Keeps Seeing Growth Despite FX Headwinds
Magic Software Enterprises Ltd. (MGIC.TA)
Magic Software (MGIC) Q2 Earnings Miss Estimates
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MGIC Company Calendar

Last Earnings
11/15/2021
Ex-Dividend for 9/13 Dividend
8/29/2022
Dividend Payable
9/13/2022
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/01/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:MGIC
Employees
3,677
Year Founded
1983

Profitability

Net Income
$29.33 million
Pretax Margin
10.14%

Debt

Sales & Book Value

Annual Sales
$480.33 million
Cash Flow
$1.20 per share
Book Value
$5.62 per share

Miscellaneous

Free Float
46,870,000
Market Cap
$802.10 million
Optionable
Optionable
Beta
1.18

Social Links


Key Executives

  • Mr. Arik Kilman (Age 69)
    Chairman of Software Solutions Division
    Comp: $695.34k
  • Mr. Arik Faingold (Age 45)
    Pres of Integration Solutions Division
    Comp: $865.82k
  • Mr. Yuval Baruch (Age 55)
    Chief Exec. Officer of Hermes Logistics Technologies
    Comp: $451.82k
  • Mr. Yakov Tsaroya (Age 52)
    Chief Exec. Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc.
    Comp: $1.64M
  • Mr. Hanan Shahaf MBA (Age 70)
    Chief Exec. Officer of Roshtov Software Industries Ltd
    Comp: $325.62k
  • Mr. Guy Bernstein (Age 54)
    CEO & Director
  • Mr. Asaf Berenstin (Age 44)
    Chief Financial Officer
  • Mr. Yuval Lavi (Age 53)
    Chief Technology Officer
  • Mr. Amit Birk (Age 51)
    VP of Mergers & Acquisitions, Gen. Counsel & Corp. Sec.
  • Ms. Karin Netzer
    Chief Marketing Officer













MGIC Stock - Frequently Asked Questions

How have MGIC shares performed in 2022?

Magic Software Enterprises' stock was trading at $20.93 at the beginning of the year. Since then, MGIC shares have decreased by 21.6% and is now trading at $16.40.
View the best growth stocks for 2022 here
.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a increase in short interest in November. As of November 15th, there was short interest totaling 11,200 shares, an increase of 69.7% from the October 31st total of 6,600 shares. Based on an average daily trading volume, of 21,900 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are sold short.
View Magic Software Enterprises' Short Interest
.

When is Magic Software Enterprises' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023.
View our MGIC earnings forecast
.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd. (NASDAQ:MGIC) issued its earnings results on Monday, November, 15th. The software maker reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.03. The software maker had revenue of $120.87 million for the quarter, compared to the consensus estimate of $113 million. Magic Software Enterprises had a trailing twelve-month return on equity of 18.81% and a net margin of 5.99%. During the same period in the previous year, the firm earned $0.19 earnings per share.

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 Friday, August 12th. Investors of record on Tuesday, August 30th will be given a dividend of $0.29 per share on Tuesday, September 13th. This represents a yield of 3.1%. The ex-dividend date is Monday, August 29th. This is a positive change from the stock's previous semi-annual dividend of $0.22.
Read our dividend analysis for MGIC
.

Is Magic Software Enterprises a good dividend stock?

Magic Software Enterprises (NASDAQ:MGIC) pays an annual dividend of $0.58 per share and currently has a dividend yield of 3.44%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 90.63%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MGIC will have a dividend payout ratio of 49.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MGIC.

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 Monday, November, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $555.00 million-$565.00 million, compared to the consensus revenue estimate of $550.41 million.

What is Guy Bernstein's approval rating as Magic Software Enterprises' CEO?

13 employees have rated Magic Software Enterprises Chief Executive Officer Guy Bernstein on Glassdoor.com. Guy Bernstein has an approval rating of 61% among the company's 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), Block (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 a variety of retail and institutional investors. Top institutional shareholders include Harel Insurance Investments & Financial Services Ltd. (5.13%), Meitav Dash Investments Ltd. (1.14%), Renaissance Technologies LLC (0.85%), Phoenix Holdings Ltd. (0.82%), Naples Global Advisors LLC (0.50%) and Dimensional Fund Advisors LP (0.28%).

How do I buy shares of Magic Software Enterprises?

Shares of MGIC stock 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 $16.40.

How much money does Magic Software Enterprises make?

Magic Software Enterprises (NASDAQ:MGIC) has a market capitalization of $804.75 million and generates $480.33 million in revenue each year. The software maker earns $29.33 million in net income (profit) each year or $0.64 on an earnings per share basis.

How many employees does Magic Software Enterprises have?

The company employs 3,677 workers across the globe.

How can I contact Magic Software Enterprises?

Magic Software Enterprises' mailing address is 5 HAPLADA STREET, OR YEHUDA L3, 6021805. The official website for the company is www.magicsoftware.com. The software maker can be reached via phone at (723) 538-9292, via email at ir@magicsoftware.com, or via fax at 972-3538-9333.

This page (NASDAQ:MGIC) was last updated on 12/8/2022 by MarketBeat.com Staff