NASDAQ:MGICMagic Software Enterprises Stock Price, Forecast & News

$10.62

+0.06 (+0.57 %)

(As of 06/4/2020 01:42 PM ET)

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Today's Range

$10.56

Now: $10.62▼

$10.84

50-Day Range

$8.54

MA: $9.35▼

$10.47

52-Week Range

$6.31

Now: $10.62▼

$11.53

Volume1,914 shs

Average Volume45,228 shs

Market Capitalization$519.74 million

P/E Ratio39.33

Dividend Yield1.49%

Beta0.92

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.

Beat the Market (BTM) Rank^™

1.0 Analyst's Opinion

Consensus Rating
Magic Software Enterprises has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.50, Magic Software Enterprises has a potential downside of 20.0% from its current price of $10.62.
Amount of Analyst Coverage
Magic Software Enterprises has only been the subject of 1 research reports in the past 90 days.

2.0 Community Rank

Outperform Votes
Magic Software Enterprises has received 233 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Magic Software Enterprises has received 337 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Magic Software Enterprises has received 59.12% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Magic Software Enterprises is a leading dividend payer. It pays a dividend yield of 1.49%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Magic Software Enterprises has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Magic Software Enterprises is 27.59 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Magic Software Enterprises will have a dividend payout ratio of 23.19 % next year. This indicates that Magic Software Enterprises will be able to sustain or increase its dividend.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magic Software Enterprises insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.49% of the stock of Magic Software Enterprises is held by insiders.
Percentage Held by Institutions
Only 11.27% of the stock of Magic Software Enterprises is held by institutions.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Magic Software Enterprises are expected to grow by 6.15% in the coming year, from $0.65 to $0.69 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Magic Software Enterprises is 39.33, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.28.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magic Software Enterprises is 39.33, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 39.59.
Price to Book Value per Share Ratio
Magic Software Enterprises has a P/B Ratio of 1.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.52 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 Ratio0.06

Current Ratio3.05

Quick Ratio3.05

Price-To-Earnings

Trailing P/E Ratio39.33

Forward P/E Ratio16.34

P/E GrowthN/A

Sales & Book Value

Annual Sales$325.63 million

Price / Sales1.60

Cash Flow$0.87 per share

Price / Cash Flow12.18

Book Value$5.41 per share

Price / Book1.96

Profitability

EPS (Most Recent Fiscal Year)$0.58

Net Income$20.27 million

Net Margins4.23%

Return on Equity11.94%

Return on Assets7.76%

Miscellaneous

Employees2,226

Outstanding Shares48,940,000

Market Cap$519.74 million

Next Earnings Date8/11/2020 (Estimated)

OptionableOptionable

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Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

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

Magic Software Enterprises' stock was trading at $8.11 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MGIC stock has increased by 30.9% and is now trading at $10.62. View which stocks have been most impacted by Coronavirus.

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 hold rating for the stock, resulting in a consensus recommendation of "Hold." 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 Tuesday, August 11th 2020. View our earnings forecast for Magic Software Enterprises.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd (NASDAQ:MGIC) released its quarterly earnings data on Tuesday, May, 26th. The software maker reported $0.19 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.15 by $0.04. The software maker earned $85.21 million during the quarter, compared to analysts' expectations of $82.65 million. Magic Software Enterprises had a net margin of 4.23% and a return on equity of 11.94%. 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 Thursday, May 28th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.08 per share on Thursday, June 25th. This represents a dividend yield of 1.6%. The ex-dividend date is Monday, June 8th. 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 Tuesday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $350-360 million, compared to the consensus revenue estimate of $348.9 million.

What price target have analysts set for MGIC?

1 brokers have issued 12 month price objectives for Magic Software Enterprises' shares. Their forecasts range from $8.50 to $8.50. On average, they anticipate Magic Software Enterprises' share price to reach $8.50 in the next twelve months. This suggests that the stock has a possible downside of 20.0%. View analysts' price targets for Magic Software Enterprises.

Has Magic Software Enterprises been receiving favorable news coverage?

News articles about MGIC stock have been trending somewhat negative on Thursday, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by analyzing 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 closest to five being the most favorable. Magic Software Enterprises earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave news articles about the software maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutMagic Software Enterprises.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 11,500 shares, a drop of 26.3% from the April 30th total of 15,600 shares. Based on an average daily trading volume, of 48,700 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold. View Magic Software Enterprises' Current Options Chain.

Who are some of Magic Software Enterprises' key competitors?

Some companies that are related to Magic Software Enterprises include CommVault Systems (CVLT), Micro Focus International (MFGP), Instructure (INST), Progress Software (PRGS), Materialise (MTLS), Zuora (ZUO), MicroStrategy (MSTR), Sapiens International (SPNS), Secureworks (SCWX), Talend (TLND), 3D Systems (DDD), QAD (QADA), Upland Software (UPLD), Domo (DOMO) 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), Alibaba Group (BABA), Walt Disney (DIS), Netflix (NFLX), Shopify (SHOP), Tesla (TSLA), Applied Materials (AMAT), Gilead Sciences (GILD), Square (SQ) and AT&T (T).

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. (5.11%), Phoenix Holdings Ltd. (1.00%), Naples Global Advisors LLC (0.31%), AXA (0.25%), Meitav Dash Investments Ltd. (0.21%) and Aptus Capital Advisors LLC (0.12%).

Which major investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Morgan Stanley, BlackRock Inc., Jane Street Group LLC, Naples Global Advisors LLC, and Seizert Capital Partners LLC.

Which major investors are buying Magic Software Enterprises stock?

MGIC stock was acquired by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., Phoenix Holdings Ltd., AXA, Meitav Dash Investments Ltd., Acadian Asset Management LLC, State Street Corp, UBS Group AG, and Two Sigma Securities 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 $10.62.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $519.74 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 2,226 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]com.

This page was last updated on 6/4/2020 by MarketBeat.com Staff