NASDAQ:MGIC Magic Software Enterprises - MGIC Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Magic Software Enterprises Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. $16.11 -0.60 (-3.59%) (As of 01/26/2023 12:00 AM ET) Add Compare Share Share Today's Range$16.07▼$16.3550-Day Range$15.51▼$17.4852-Week Range$14.01▼$20.24Volume13,338 shsAverage Volume10,393 shsMarket Capitalization$790.52 millionP/E Ratio25.17Dividend Yield3.47%Price TargetN/A ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Magic Software Enterprises MarketRank™ ForecastAnalyst RatingN/AUpside/DownsideN/AShort InterestHealthy0.06% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.15Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth14.56%From $1.03 to $1.18 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.61 out of 5 starsComputer And Technology Sector94th out of 627 stocksPrepackaged Software Industry29th out of 216 stocks N/A Analyst's Opinion Consensus RatingThere is not enough analysis data for Magic Software Enterprises. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.06% of the float of Magic Software Enterprises has been sold short.Short Interest Ratio / Days to CoverMagic Software Enterprises has a short interest ratio ("days to cover") of 0.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Magic Software Enterprises has recently decreased by 18.67%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldMagic Software Enterprises pays a meaningful dividend of 3.47%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMagic Software Enterprises does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Magic Software Enterprises is 90.63%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Magic Software Enterprises will have a dividend payout ratio of 49.15% next year. This indicates that Magic Software Enterprises will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MGIC. Previous Next 4.0 News and Social Media Coverage News SentimentMagic Software Enterprises has a news sentiment score of 1.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Magic Software Enterprises this week, compared to 1 article on an average week.Search Interest2 people have searched for MGIC on MarketBeat in the last 30 days. MarketBeat Follows2 people have added Magic Software Enterprises to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magic Software Enterprises insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.49% of the stock of Magic Software Enterprises is held by insiders.Percentage Held by InstitutionsOnly 18.24% of the stock of Magic Software Enterprises is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Magic Software Enterprises are expected to grow by 14.56% in the coming year, from $1.03 to $1.18 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magic Software Enterprises is 25.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.74.Price to Earnings Ratio vs. SectorThe P/E ratio of Magic Software Enterprises is 25.17, 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 375.32.Price to Book Value per Share RatioMagic Software Enterprises has a P/B Ratio of 2.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Magic Software Enterprises (NASDAQ:MGIC) StockMagic 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; FactoryEye for virtualization of production data; BusinessEye for organizational business intelligence; and Magic SmartUX for cross-platform mobile business applications. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, the company provides software maintenance, support, training, and consulting services. 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 incorporated in 1983 and is headquartered in Or Yehuda, Israel.Read More Receive MGIC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Magic Software Enterprises and its competitors with MarketBeat's FREE daily newsletter. Email Address MGIC Stock News HeadlinesJanuary 20, 2023 | americanbankingnews.comMagic Software Enterprises (NASDAQ:MGIC) Rating Increased to Strong-Buy at StockNews.comJanuary 13, 2023 | finance.yahoo.comAre Investors Undervaluing Magic Software Enterprises (MGIC) Right Now?January 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 10, 2023 | finance.yahoo.comThose who invested in Magic Software Enterprises (NASDAQ:MGIC) five years ago are up 113%November 22, 2022 | seekingalpha.comMagic Software Keeps Seeing Growth Despite FX HeadwindsNovember 16, 2022 | nasdaq.comIs Magic Software Enterprises (MGIC) a Good Pick for Value Investors?November 16, 2022 | finance.yahoo.comMagic Software Enterprises Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS In LineNovember 14, 2022 | seekingalpha.comMagic Software Enterprises Ltd. (MGIC) Q3 2022 Earnings Call TranscriptJanuary 27, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…November 14, 2022 | finance.yahoo.comMagic Software Reports Third Quarter 2022 Financial Results with Record Breaking Revenues of $144 Million, Reflecting a 19% Year-Over-Year Growth. Net income reached a record-breaking $11.5 Million, Reflecting 53% Year-Over-Year GrowthOctober 10, 2022 | finance.yahoo.comIs There Now An Opportunity In Magic Software Enterprises Ltd. (NASDAQ:MGIC)?October 1, 2022 | finance.yahoo.comMagic Software Enterprises Ltd. (MGIC.TA)September 26, 2022 | nasdaq.comMagic Software Enterprises' (NASDAQ:MGIC) Returns On Capital Are Heading HigherSeptember 25, 2022 | finance.yahoo.comMagic Software Enterprises Ltd. (NASDAQ:MGIC) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?September 11, 2022 | finance.yahoo.comPublic companies account for 46% of Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) ownership, while individual investors account for 28%August 29, 2022 | nasdaq.comThose who invested in Magic Software Enterprises (NASDAQ:MGIC) five years ago are up 159%August 28, 2022 | finance.yahoo.comMagic Software Enterprises (NASDAQ:MGIC) Might Have The Makings Of A Multi-BaggerAugust 25, 2022 | nasdaq.comEx-Dividend Reminder: Cathay General Bancorp, Magic Software Enterprises and Lumen TechnologiesAugust 13, 2022 | seekingalpha.comMagic Software Continues Organic Growth, Risks Enterprise Tech ReckoningAugust 11, 2022 | seekingalpha.comMagic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q2 2022 Results - Earnings Call TranscriptAugust 11, 2022 | finance.yahoo.comMagic Software Reports Second Quarter 2022 Financial Results with Record Second Quarter Revenues of $137 Million, Reflecting a 15% Year Over Year GrowthAugust 11, 2022 | finance.yahoo.comMagic Software (MGIC) Q2 Earnings Miss EstimatesAugust 3, 2022 | finance.yahoo.comMagic Software Enterprises (NASDAQ:MGIC) shareholders have earned a 23% CAGR over the last five yearsMay 15, 2022 | seekingalpha.comMagic Software Continues To Create Revenue Platforms In Resilient IndustriesMay 12, 2022 | seekingalpha.comMagic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q1 2022 Results - Earnings Call TranscriptMay 12, 2022 | finance.yahoo.comMagic Software Announces Filing of 2021 Annual ReportMay 12, 2022 | finance.yahoo.comMagic Software Reports First Quarter 2022 Financial Results with Record-Breaking Revenues of $138.7 Million, Reflecting 29.3% Year Over Year GrowthSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MGIC Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Magic Software Enterprises and its competitors with MarketBeat's FREE daily newsletter. Email Address MGIC Company Calendar Last Earnings11/14/2022Today1/27/2023Next Earnings (Estimated)3/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Prepackaged software Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:MGIC CUSIPN/A CIK876779 Webwww.magicsoftware.com Phone(723) 538-9292Fax972-3538-9333Employees3,677Year Founded1983Profitability EPS (Most Recent Fiscal Year)$0.64 Trailing P/E Ratio25.17 Forward P/E Ratio15.64 P/E GrowthN/ANet Income$29.33 million Net Margins5.99% Pretax Margin10.14% Return on Equity18.81% Return on Assets10.02% Debt Debt-to-Equity Ratio0.14 Current Ratio1.97 Quick Ratio1.97 Sales & Book Value Annual Sales$480.33 million Price / Sales1.65 Cash Flow$1.20 per share Price / Cash Flow13.45 Book Value$5.62 per share Price / Book2.87Miscellaneous Outstanding Shares49,070,000Free Float46,870,000Market Cap$790.52 million OptionableOptionable Beta1.18 Social Links Key ExecutivesMr. Arik Kilman (Age 70)Chairman of Software Solutions Division Comp: $695.34kMr. Arik Faingold (Age 46)Pres of Integration Solutions Division Comp: $865.82kMr. Yuval Baruch (Age 56)Chief Exec. Officer of Hermes Logistics Technologies Comp: $451.82kMr. Yakov Tsaroya (Age 53)Chief Exec. Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc. Comp: $1.64MMr. Hanan Shahaf MBA (Age 71)Chief Exec. Officer of Roshtov Software Industries Ltd Comp: $325.62kMr. Guy Bernstein (Age 55)CEO & Director Mr. Asaf Berenstin (Age 45)Chief Financial Officer Mr. Yuval Lavi (Age 54)Chief Technology Officer Mr. Amit Birk (Age 52)VP of Mergers & Acquisitions, Gen. Counsel & Corp. Sec. Ms. Karin NetzerChief Marketing OfficerMore ExecutivesKey CompetitorsOperaNASDAQ:OPRAVTEXNYSE:VTEXGrid DynamicsNASDAQ:GDYNWalkMeNASDAQ:WKMELivePersonNASDAQ:LPSNView All CompetitorsInsiders & InstitutionsARK Investment Management LLCBought 12,717 shares on 1/24/2023Ownership: 0.279%Paradiem LLCBought 4,039 shares on 1/24/2023Ownership: 0.074%Naples Global Advisors LLCBought 12,150 shares on 1/20/2023Ownership: 0.524%Assenagon Asset Management S.A.Bought 124,779 shares on 1/12/2023Ownership: 0.254%Bank of New York Mellon CorpBought 2,788 shares on 12/8/2022Ownership: 0.142%View All Institutional Transactions MGIC Stock - Frequently Asked Questions How have MGIC shares performed in 2023? Magic Software Enterprises' stock was trading at $16.0229 on January 1st, 2023. Since then, MGIC shares have increased by 0.5% and is now trading at $16.11. View the best growth stocks for 2023 here. When is Magic Software Enterprises' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 1st 2023. View our MGIC earnings forecast. How were Magic Software Enterprises' earnings last quarter? Magic Software Enterprises Ltd. (NASDAQ:MGIC) announced its earnings results on Monday, November, 14th. The software maker reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The software maker earned $143.96 million during the quarter, compared to analyst estimates of $131.70 million. Magic Software Enterprises had a net margin of 5.99% and a trailing twelve-month return on equity of 18.81%. How often does Magic Software Enterprises pay dividends? What is the dividend yield for Magic Software Enterprises? Magic Software Enterprises declared a semi-annual dividend on Friday, August 12th. Stockholders of record on Tuesday, August 30th will be given a dividend of $0.29 per share on Tuesday, September 13th. This represents a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, August 29th. This is a boost from the stock's previous semi-annual dividend of $0.22. Read our dividend analysis for MGIC. Is Magic Software Enterprises a good dividend stock? Magic Software Enterprises (NASDAQ:MGIC) pays an annual dividend of $0.58 per share and currently has a dividend yield of 3.47%. The dividend payout ratio is 90.63%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MGIC will have a dividend payout ratio of 49.15% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MGIC. What guidance has Magic Software Enterprises issued on next quarter's earnings? Magic Software Enterprises updated its FY 2022 earnings guidance on Wednesday, December, 14th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $555.00 million-$565.00 million, compared to the consensus revenue estimate of $550.41 million. What is Guy Bernstein's approval rating as Magic Software Enterprises' CEO? 13 employees have rated Magic Software Enterprises Chief Executive Officer Guy Bernstein on Glassdoor.com. Guy Bernstein has an approval rating of 61% among the company's employees. This puts Guy Bernstein in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 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), Block (SQ), Tesla (TSLA), Trade Desk (TTD), AbbVie (ABBV), Applied Materials (AMAT) and Alibaba Group (BABA). 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 retail and institutional investors. Top institutional investors include Naples Global Advisors LLC (0.52%), ARK Investment Management LLC (0.28%), Assenagon Asset Management S.A. (0.25%) and Paradiem LLC (0.07%). How do I buy shares of Magic Software Enterprises? Shares of MGIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Magic Software Enterprises' stock price today? One share of MGIC stock can currently be purchased for approximately $16.11. How much money does Magic Software Enterprises make? Magic Software Enterprises (NASDAQ:MGIC) has a market capitalization of $790.57 million and generates $480.33 million in revenue each year. The software maker earns $29.33 million in net income (profit) each year or $0.64 on an earnings per share basis. How many employees does Magic Software Enterprises have? The company employs 3,677 workers across the globe. How can I contact Magic Software Enterprises? Magic Software Enterprises' mailing address is 5 HAPLADA STREET, OR YEHUDA L3, 6021805. The official website for the company is www.magicsoftware.com. The software maker can be reached via phone at (723) 538-9292, via email at ir@magicsoftware.com, or via fax at 972-3538-9333. This page (NASDAQ:MGIC) was last updated on 1/27/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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