NASDAQ:MGIC - Magic Software Enterprises Stock Price, Forecast & News

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

Magic Software Enterprises announced a Semi-Annual dividend on Tuesday, August 13th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.156 per share on Thursday, September 12th. The ex-dividend date is Monday, August 26th. This is an increase from Magic Software Enterprises's previous Semi-Annual dividend of $0.09. View Magic Software Enterprises' Dividend History.

Magic Software Enterprises Ltd (NASDAQ:MGIC) issued its earnings results on Thursday, November, 14th. The software maker reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.02. The software maker had revenue of $85.84 million for the quarter, compared to the consensus estimate of $80.05 million. Magic Software Enterprises had a return on equity of 10.95% and a net margin of 6.41%. View Magic Software Enterprises' Earnings History.

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Monday, March 2nd 2020. View Earnings Estimates for Magic Software Enterprises.

1 analysts have issued 12 month price objectives for Magic Software Enterprises' shares. Their forecasts range from $11.00 to $11.00. On average, they anticipate Magic Software Enterprises' share price to reach $11.00 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price. View Analyst Price Targets for 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.

Press coverage about MGIC stock has been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Magic Software Enterprises earned a coverage optimism score of -2.0 on InfoTrie's scale. They also assigned news articles about the software maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Magic Software Enterprises.

Magic Software Enterprises saw a increase in short interest in February. As of February 14th, there was short interest totalling 10,000 shares, an increase of 51.5% from the January 30th total of 6,600 shares. Based on an average daily volume of 30,700 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company's stock are short sold. View Magic Software Enterprises' Current Options Chain.

Some companies that are related to Magic Software Enterprises include Bottomline Technologies (EPAY), Fastly (FSLY), Ping Identity (PING), SPS Commerce (SPSC), Instructure (INST), Progress Software (PRGS), Zuora (ZUO), Bandwidth (BAND), Pagerduty (PD), Cision (CISN), 2U (TWOU), MicroStrategy (MSTR), 3D Systems (DDD), Sapiens International (SPNS) and Secureworks (SCWX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Magic Software Enterprises investors own include Activision Blizzard (ATVI), Alibaba Group (BABA), AT&T (T), Applied Materials (AMAT), Gilead Sciences (GILD), PepsiCo (PEP), AbbVie (ABBV), Shopify (SHOP), Verizon Communications (VZ) and Adobe (ADBE).

Magic Software Enterprises' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (4.92%), Renaissance Technologies LLC (1.01%), Phoenix Holdings Ltd. (0.84%), Naples Global Advisors LLC (0.32%), Menora Mivtachim Holdings LTD. (0.18%) and Meitav Dash Investments Ltd. (0.11%).

MGIC stock was sold by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Jane Street Group LLC, UBS Group AG, Menora Mivtachim Holdings LTD., Opus Capital Group LLC, Connor Clark & Lunn Investment Management Ltd. and Advisors Asset Management Inc..

MGIC stock was acquired by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., Phoenix Holdings Ltd., Renaissance Technologies LLC, ARK Investment Management LLC, Acadian Asset Management LLC, Seizert Capital Partners LLC, Meitav Dash Investments Ltd. and Samalin Investment Counsel LLC.

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.

One share of MGIC stock can currently be purchased for approximately $9.95.

Magic Software Enterprises has a market capitalization of $486.85 million and generates $284.38 million in revenue each year. The software maker earns $19.88 million in net income (profit) each year or $0.55 on an earnings per share basis. Magic Software Enterprises employs 2,226 workers across the globe.View Additional Information About Magic Software Enterprises.

The official website for Magic Software Enterprises is http://www.magicsoftware.com/.

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]