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. Its IT Professional Services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions, as well as supplemental outsourcing services. The company offers Magic xpa, a proprietary application platform for developing and deploying business applications; AppBuilder, a proprietary application platform for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi integration platform, a graphical wizard-based code-free solution; and Magic xpc, a hybrid integration platform as a service. 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 channels. In addition, the company provides software maintenance, support, training, and consulting services. It serves oil and gas, telecommunications, financial, healthcare, and industrial sectors, as well as 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 founded in 1983 and is headquartered in Or Yehuda, Israel.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MGIC
Previous Symbol
CUSIPN/A
Phone972-3538-9292
Debt
Debt-to-Equity Ratio0.10
Current Ratio3.91
Quick Ratio3.91
Price-To-Earnings
Trailing P/E Ratio17.54
Forward P/E Ratio14.16
P/E GrowthN/A
Sales & Book Value
Annual Sales$257.99 million
Price / Sales1.53
Cash Flow$0.7865 per share
Price / Cash Flow10.26
Book Value$4.80 per share
Price / Book1.68
Profitability
EPS (Most Recent Fiscal Year)$0.46
Net Income$15.44 million
Net Margins6.88%
Return on Equity11.02%
Return on Assets7.04%
Miscellaneous
Employees2,052
Outstanding Shares48,760,000
Market Cap$393.47 million
OptionableOptionable
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 Wednesday, August 8th. Investors of record on Wednesday, August 22nd will be paid a dividend of $0.155 per share on Wednesday, September 5th. The ex-dividend date of this dividend is Tuesday, August 21st. This is a positive change 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) released its quarterly earnings data on Tuesday, November, 13th. The software maker reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.16 by $0.02. The software maker had revenue of $72.14 million for the quarter, compared to the consensus estimate of $73.35 million. Magic Software Enterprises had a return on equity of 11.02% and a net margin of 6.88%. View Magic Software Enterprises' Earnings History.
When is Magic Software Enterprises' next earnings date?
What price target have analysts set for MGIC?
2 analysts have issued 1-year price objectives for Magic Software Enterprises' stock. Their predictions range from $10.00 to $10.00. On average, they expect Magic Software Enterprises' share price to reach $10.00 in the next year. This suggests a possible upside of 23.9% from the stock's current price. View Analyst Price Targets for Magic Software Enterprises.
What is the consensus analysts' recommendation for Magic Software Enterprises?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magic Software Enterprises in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Magic Software Enterprises.
What are Wall Street analysts saying about Magic Software Enterprises stock?
Here are some recent quotes from research analysts about Magic Software Enterprises stock:
- 1. According to Zacks Investment Research, "Magic Software Enterprises, a member of the Formula Group, develops, markets and supports software development and deployment technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners. (PRESS RELEASE) " (12/11/2018)
- 2. HC Wainwright analysts commented, "We are not in the habit of commenting on collaborative selling arrangements, but in considering Microsoft’s global reach, the entrenched nature of that company’s enterprise solutions, and the potential power the Microsoft brand has in endorsing Magic’s integration tools, we think the longer- term implications of Magic’s new status at Microsoft could propel the company’s operating dynamics. A January 2018 cursory review of co-sell OCP anecdotes found one Microsoft partner" had already noted 12 joints wins with Microsoft and another witnessed a 140% increase in pipeline through Microsoft co-sell opportunities." (7/12/2018)
Has Magic Software Enterprises been receiving favorable news coverage?
News headlines about MGIC stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Magic Software Enterprises earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave news articles about the software maker a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
Who are some of Magic Software Enterprises' key competitors?
Some companies that are related to Magic Software Enterprises include Progress Software (PRGS), Rapid7 (RPD), Workiva (WK), SPS Commerce (SPSC), MicroStrategy (MSTR), Hortonworks (HDP), Secureworks (SCWX), Instructure (INST), Cango (CANG), LivePerson (LPSN), 3D Systems (DDD), Changyou.Com (CYOU), Endurance International Group (EIGI), Talend (TLND) and Cheetah Mobile (CMCM).
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 65)
- Mr. Arik Faingold, Pres of Integration Solutions Division (Age 41)
- Mr. Yakov Tsaroya, Chief Exec. Officer of Coretech Consulting Services and Fusion Solutions (Age 48)
- Mr. Udi Ertel, Pres of Software Solutions Division (Age 59)
- Mr. Hanan Shahaf MBA, Chief Exec. Officer of Roshtov Software Industries Ltd (Age 66)
Who are Magic Software Enterprises' major shareholders?
Magic Software Enterprises' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Clal Insurance Enterprises Holdings Ltd (5.15%), Harel Insurance Investments & Financial Services Ltd. (2.65%), Renaissance Technologies LLC (0.89%), Menora Mivtachim Holdings LTD. (0.25%), Bank of New York Mellon Corp (0.18%) and Ramsey Quantitative Systems (0.13%).
Which major investors are selling Magic Software Enterprises stock?
MGIC stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd. and Jane Street Group LLC.
Which major investors are buying Magic Software Enterprises stock?
MGIC stock was purchased by a variety of institutional investors in the last quarter, including Clal Insurance Enterprises Holdings Ltd, Menora Mivtachim Holdings LTD., Renaissance Technologies LLC, Bank of New York Mellon Corp, Virtu Financial LLC, Ramsey Quantitative Systems, Connor Clark & Lunn Investment Management Ltd. and Acadian Asset Management 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, Scottrade, Fidelity and Charles Schwab.
What is Magic Software Enterprises' stock price today?
One share of MGIC stock can currently be purchased for approximately $8.07.
How big of a company is Magic Software Enterprises?
Magic Software Enterprises has a market capitalization of $393.47 million and generates $257.99 million in revenue each year. The software maker earns $15.44 million in net income (profit) each year or $0.46 on an earnings per share basis. Magic Software Enterprises employs 2,052 workers across the globe.
What is Magic Software Enterprises' official website?
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 972-3538-9292 or via email at [email protected]
MarketBeat Community Rating for Magic Software Enterprises (NASDAQ MGIC)
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.
