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NASDAQ:MGIC

Magic Software Enterprises Stock Forecast, Price & News

$12.41
+0.08 (+0.65 %)
(As of 09/25/2020 12:00 AM ET)
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Compare
Today's Range
$12.30
Now: $12.41▼
$12.51
50-Day Range
$12.33
MA: $14.09▼
$16.07
52-Week Range
$6.31
Now: $12.41▼
$16.87
Volume23,324 shs
Average Volume53,311 shs
Market Capitalization$607.35 million
P/E Ratio40.03
Dividend Yield2.84%
Beta1.05
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.
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Magic Software Enterprises logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.87 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

Debt

Debt-to-Equity Ratio0.07
Current Ratio2.89
Quick Ratio2.89

Price-To-Earnings

Trailing P/E Ratio40.03
Forward P/E Ratio17.73
P/E GrowthN/A

Sales & Book Value

Annual Sales$325.63 million
Price / Sales1.87
Cash Flow$0.80 per share
Price / Cash Flow15.53
Book Value$5.41 per share
Price / Book2.29

Profitability

EPS (Most Recent Fiscal Year)$0.58
Net Income$20.27 million
Net Margins4.37%
Return on Equity12.25%
Return on Assets7.98%

Miscellaneous

Employees2,642
Outstanding Shares48,940,000
Market Cap$607.35 million
Next Earnings Date11/12/2020 (Estimated)
OptionableOptionable
$12.41
+0.08 (+0.65 %)
(As of 09/25/2020 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 price been impacted by COVID-19 (Coronavirus)?

Magic Software Enterprises' stock was trading at $8.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, MGIC stock has increased by 53.0% and is now trading at $12.41.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of 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.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release its next quarterly earnings announcement on Thursday, November 12th 2020.
View our earnings forecast for Magic Software Enterprises.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd (NASDAQ:MGIC) announced its quarterly earnings results on Thursday, August, 13th. The software maker reported $0.17 EPS for the quarter, topping the Zacks' consensus estimate of $0.15 by $0.02. Magic Software Enterprises had a net margin of 4.37% and a return on equity of 12.25%.
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 paid 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 a boost 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 issued an update on its FY 2020 Pre-Market earnings guidance on Thursday, August, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $350-360 million, compared to the consensus revenue estimate of $350.75 million.

What price target have analysts set for MGIC?

1 brokers have issued 1 year price targets for Magic Software Enterprises' stock. Their forecasts range from $17.00 to $17.00. On average, they anticipate Magic Software Enterprises' stock price to reach $17.00 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
View analysts' price targets for Magic Software Enterprises.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 44,900 shares, an increase of 55.4% from the August 15th total of 28,900 shares. Based on an average trading volume of 73,400 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the stock are sold short.
View Magic Software Enterprises' Short Interest.

Who are some of Magic Software Enterprises' key competitors?

Some companies that are related to Magic Software Enterprises include 2U (TWOU), Cornerstone OnDemand (CSOD), Pagerduty (PD), ZoomInfo Technologies (ZI), Bottomline Technologies (EPAY), CommVault Systems (CVLT), Materialise (MTLS), Cerence (CRNC), Progress Software (PRGS), Sapiens International (SPNS), MicroStrategy (MSTR), Zuora (ZUO), Talend (TLND), Linx (LINX) and Opera (OPRA).
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), Walt Disney (DIS), Gilead Sciences (GILD), Shopify (SHOP), Square (SQ), Tesla (TSLA), 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 66)
  • Mr. Arik Faingold, Pres of Integration Solutions Division (Age 42)
  • Mr. Yakov Tsaroya, Chief Exec. Officer of Coretech Consulting Services and Fusion Solutions (Age 49)
  • Mr. Udi Ertel, Pres of Software Solutions Division (Age 60)
  • Mr. Hanan Shahaf MBA, Chief Exec. Officer of Roshtov Software Industries Ltd (Age 67)

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 institutional and retail investors. Top institutional shareholders include Harel Insurance Investments & Financial Services Ltd. (5.13%), Phoenix Holdings Ltd. (0.98%), Naples Global Advisors LLC (0.33%), Edmond DE Rothschild Holding S.A. (0.19%), Menora Mivtachim Holdings LTD. (0.14%) and Seizert Capital Partners LLC (0.07%).

Which institutional investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Meitav Dash Investments Ltd., Menora Mivtachim Holdings LTD., Phoenix Holdings Ltd., UBS Group AG, Seizert Capital Partners LLC, Edmond DE Rothschild Holding S.A., and Marshall Wace LLP.

Which institutional investors are buying Magic Software Enterprises stock?

MGIC stock was purchased by a variety of institutional investors in the last quarter, including Eqis Capital Management Inc., Sawtooth Solutions LLC, Harel Insurance Investments & Financial Services Ltd., Virtu Financial LLC, Jane Street Group LLC, Naples Global Advisors LLC, and Samalin Investment Counsel 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 $12.41.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $607.35 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 9/25/2020 by MarketBeat.com Staff
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