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NASDAQ:MGIC

Magic Software Enterprises Stock Forecast, Price & News

$15.76
+0.14 (+0.90 %)
(As of 12/3/2020 12:00 AM ET)
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Today's Range
$15.69
Now: $15.76▼
$16.05
50-Day Range
$12.58
MA: $14.03▼
$16.58
52-Week Range
$6.31
Now: $15.76▼
$16.87
Volume34,113 shs
Average Volume49,918 shs
Market Capitalization$771.28 million
P/E Ratio45.03
Dividend Yield2.24%
Beta1.15
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 founded in 1983 and is headquartered in Or Yehuda, Israel.
Magic Software Enterprises logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.5Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.60 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MGIC
Previous Symbol
CUSIPN/A
CIK876779
Webwww.magicsoftware.com
Phone972-3538-9322
Employees2,642

Debt

Debt-to-Equity Ratio0.07
Current Ratio2.51
Quick Ratio2.51

Price-To-Earnings

Trailing P/E Ratio45.03
Forward P/E Ratio21.30
P/E GrowthN/A

Sales & Book Value

Annual Sales$325.63 million
Price / Sales2.37
Cash Flow$0.86 per share
Price / Cash Flow18.24
Book Value$5.33 per share
Price / Book2.96

Profitability

EPS (Most Recent Fiscal Year)$0.58
Net Income$20.27 million
Net Margins4.85%
Return on Equity12.69%
Return on Assets8.22%

Miscellaneous

Outstanding Shares48,939,000
Market Cap$771.28 million
Next Earnings Date3/8/2021 (Estimated)
OptionableOptionable
$15.76
+0.14 (+0.90 %)
(As of 12/3/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

How has Magic Software Enterprises' stock been impacted by COVID-19?

Magic Software Enterprises' stock was trading at $8.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MGIC shares have increased by 94.3% and is now trading at $15.76.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Magic Software Enterprises or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Magic Software Enterprises?

Wall Street analysts have given Magic Software Enterprises a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Magic Software Enterprises wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release its next quarterly earnings announcement on Monday, March 8th 2021.
View our earnings forecast for Magic Software Enterprises.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd. (NASDAQ:MGIC) posted its earnings results on Sunday, November, 15th. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The software maker earned $94.89 million during the quarter, compared to analysts' expectations of $88.50 million. Magic Software Enterprises had a net margin of 4.85% and a return on equity of 12.69%.
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 announced a semi-annual dividend on Friday, August 14th. Stockholders of record on Thursday, August 27th will be given a dividend of $0.175 per share on Thursday, September 10th. This represents a dividend yield of 2.4%. The ex-dividend date is Wednesday, August 26th. This is an increase from Magic Software Enterprises's previous semi-annual dividend of $0.08.
View Magic Software Enterprises' dividend history.

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

Magic Software Enterprises updated its FY 2020 Pre-Market earnings guidance on Monday, November, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $358-365 million, compared to the consensus revenue estimate of $353.9 million.

What price target have analysts set for MGIC?

2 Wall Street analysts have issued 12 month price targets for Magic Software Enterprises' stock. Their forecasts range from $17.00 to $17.00. On average, they expect Magic Software Enterprises' stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 7.9% from the stock's current price.
View analysts' price targets for Magic Software Enterprises.

Who are some of Magic Software Enterprises' key competitors?

Some companies that are related to Magic Software Enterprises include MicroStrategy (MSTR), SINA (SINA), Mimecast (MIME), Momo (MOMO), Cornerstone OnDemand (CSOD), Blackbaud (BLKB), BOX (BOX), Sumo Logic (SUMO), PagerDuty (PD), Materialise (MTLS), Teradata (TDC), 2U (TWOU), Commvault Systems (CVLT), Bottomline Technologies (de) (EPAY) and Ping Identity (PING).
View all competitors.

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

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 67, Pay $723.98k)
  • Mr. Arik Faingold, Pres of Integration Solutions Division (Age 43, Pay $527.38k)
  • Mr. Yakov Tsaroya, Chief Exec. Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc. (Age 50, Pay $819k)
  • Mr. Hanan Shahaf MBA, Chief Exec. Officer of Roshtov Software Industries Ltd (Age 68, Pay $301.08k)
  • Mr. Guy Bernstein, CEO & Director (Age 52)
  • Mr. Asaf Berenstin, Chief Financial Officer (Age 42)
  • Mr. Yuval Lavi, VP of Technology & Innovation of Software Solutions Division (Age 51)
  • Mr. Amit Birk, VP of Mergers & Acquisitions, Gen. Counsel & Corp. Sec. (Age 49)
  • Ms. Karin Netzer, Chief Marketing Officer
  • Mr. Yuval Baruch, Chief Exec. Officer of Hermes Logistics Technologies (Age 53)

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 number of institutional and retail investors. Top institutional investors include Phoenix Holdings Ltd. (0.91%), Altshuler Shaham Ltd (0.83%), Naples Global Advisors LLC (0.35%), Menora Mivtachim Holdings LTD. (0.18%), State Street Corp (0.13%) and Acadian Asset Management LLC (0.13%).

Which institutional investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Phoenix Holdings Ltd., Seizert Capital Partners LLC, State Street Corp, Sawtooth Solutions LLC, and Aptus Capital Advisors LLC.

Which institutional investors are buying Magic Software Enterprises stock?

MGIC stock was acquired by a variety of institutional investors in the last quarter, including Altshuler Shaham Ltd, O Shaughnessy Asset Management LLC, AJO LP, Connor Clark & Lunn Investment Management Ltd., Menora Mivtachim Holdings LTD., Jane Street Group LLC, Ritholtz Wealth Management, 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, Robinhood, Fidelity, and Charles Schwab.

What is Magic Software Enterprises' stock price today?

One share of MGIC stock can currently be purchased for approximately $15.76.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $771.28 million and generates $325.63 million in revenue each year. The software maker earns $20.27 million in net income (profit) each year or $0.58 on an earnings per share basis. Magic Software Enterprises employs 2,642 workers across the globe.

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 972-3538-9322 or via email at [email protected]

This page was last updated on 12/4/2020 by MarketBeat.com Staff
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