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

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$8.68 -0.12 (-1.36 %)
(As of 05/24/2019 04:00 PM ET)
Previous Close$8.68
Today's Range$8.01 - $8.68
52-Week Range$7.29 - $10.20
Volume17,830 shs
Average Volume27,374 shs
Market Capitalization$424.37 million
P/E Ratio15.78
Dividend Yield3.41%
Beta0.91
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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Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MGIC
CUSIPN/A
Phone972-3538-9292

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$284.38 million
Cash Flow$0.7627 per share
Book Value$5.08 per share

Profitability

Net Income$19.88 million

Miscellaneous

Employees2,052
Market Cap$424.37 million
Next Earnings Date8/14/2019 (Estimated)
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 Monday, March 4th. Shareholders of record on Thursday, March 14th will be given a dividend of $0.15 per share on Wednesday, March 27th. The ex-dividend date of this dividend is Wednesday, March 13th. This is a boost 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) issued its earnings results on Thursday, May, 16th. The software maker reported $0.14 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.14. The software maker had revenue of $71.80 million for the quarter, compared to the consensus estimate of $75.30 million. Magic Software Enterprises had a return on equity of 10.83% and a net margin of 7.21%. View Magic Software Enterprises' Earnings History.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Magic Software Enterprises.

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

Magic Software Enterprises issued an update on its FY 2019 earnings guidance on Thursday, May, 16th. The company provided EPS guidance of for the period. The company issued revenue guidance of $313-319 million, compared to the consensus revenue estimate of $314.6 million.

What price target have analysts set for MGIC?

2 Wall Street analysts have issued 12-month price objectives for Magic Software Enterprises' stock. Their forecasts 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 15.2% 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.

Has Magic Software Enterprises been receiving favorable news coverage?

Headlines about MGIC stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Magic Software Enterprises earned a media sentiment score of 1.4 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days.

Who are some of Magic Software Enterprises' key 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), TherapeuticsMD (TXMD), Applied Materials (AMAT), PepsiCo (PEP), Canopy Growth (CGC), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Kinross Gold (KGC), AT&T (T) and Weyerhaeuser (WY).

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 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)

Who are Magic Software Enterprises' major shareholders?

Magic Software Enterprises' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Clal Insurance Enterprises Holdings Ltd (5.04%), Harel Insurance Investments & Financial Services Ltd. (3.64%), Wellington Management Group LLP (1.42%), Delek Group Ltd. (1.14%), Meitav Dash Investments Ltd. (0.91%) and Renaissance Technologies LLC (0.84%).

Which major 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., Clal Insurance Enterprises Holdings Ltd, Edmond DE Rothschild Holding S.A., Morgan Stanley, Harel Insurance Investments & Financial Services Ltd., Menta Capital LLC and ETF Managers Group 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 Delek Group Ltd., Wellington Management Group LLP, Seizert Capital Partners LLC, Renaissance Technologies LLC, Advisors Asset Management Inc., GHP Investment Advisors Inc., Naples Global Advisors LLC and Menora Mivtachim Holdings LTD..

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 $8.68.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $424.37 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 2,052 workers across the globe.

What is Magic Software Enterprises' official website?

The official website for Magic Software Enterprises is http://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 972-3538-9292 or via email at [email protected]


MarketBeat Community Rating for Magic Software Enterprises (NASDAQ MGIC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  203 (Vote Outperform)
Underperform Votes:  285 (Vote Underperform)
Total Votes:  488
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.
This page was last updated on 5/25/2019 by MarketBeat.com Staff

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