NASDAQ:MGIC

Magic Software Enterprises - MGIC Stock Forecast, Price & News

$15.72

-0.30 (-1.87%)

(As of 09/26/2022 12:00 AM ET)

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Today's Range: $15.60
▼
$16.21
50-Day Range: $15.72
▼
$19.73
52-Week Range: $15.08
▼
$25.49

Volume: 11,505 shs
Average Volume: 24,225 shs
Market Capitalization: $771.38 million

P/E Ratio: 28.07
Dividend Yield: 3.62%
Price Target: N/A

Magic Software Enterprises MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.06% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.74
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 10.48%
From $1.05 to $1.16 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.52 out of 5 stars

Computer And Technology Sector

214th out of 636 stocks

Prepackaged Software Industry

57th out of 225 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Magic Software Enterprises.

5.0

Short Interest

Percentage of Shares Shorted
0.06% of the float of Magic Software Enterprises has been sold short.
Short Interest Ratio / Days to Cover
Magic Software Enterprises has a short interest ratio ("days to cover") of 0.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Magic Software Enterprises has recently decreased by 42.24%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Magic Software Enterprises is a leading dividend payer. It pays a dividend yield of 3.62%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Magic Software Enterprises has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Magic Software Enterprises is 103.57%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Magic Software Enterprises will have a dividend payout ratio of 50.00% next year. This indicates that Magic Software Enterprises will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MGIC.

2.6

News and Social Media Coverage

News Sentiment
Magic Software Enterprises has a news sentiment score of 0.74. 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 0.44 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Magic Software Enterprises this week, compared to 1 article on an average week.

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 29.56% of the stock of Magic Software Enterprises is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Magic Software Enterprises are expected to grow by 10.48% in the coming year, from $1.05 to $1.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Magic Software Enterprises is 28.07, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magic Software Enterprises is 28.07, 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 341.28.
Price to Book Value per Share Ratio
Magic Software Enterprises has a P/B Ratio of 2.80. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Magic Software Enterprises (NASDAQ:MGIC) Stock

Magic 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.

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MGIC Stock News Headlines

September 26, 2022 | nasdaq.com

Magic Software Enterprises' (NASDAQ:MGIC) Returns On Capital Are Heading Higher

September 26, 2022 | americanbankingnews.com

Comparing Magic Software Enterprises (NASDAQ:MGIC) & Duck Creek Technologies (NASDAQ:DCT)

September 25, 2022 | finance.yahoo.com

Magic Software Enterprises Ltd. (NASDAQ:MGIC) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?

September 22, 2022 | americanbankingnews.com

Magic Software Enterprises (NASDAQ:MGIC) Shares Gap Down to $16.15

September 11, 2022 | finance.yahoo.com

Public companies account for 46% of Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) ownership, while individual investors account for 28%

August 29, 2022 | nasdaq.com

Those who invested in Magic Software Enterprises (NASDAQ:MGIC) five years ago are up 159%

August 28, 2022 | finance.yahoo.com

Magic Software Enterprises (NASDAQ:MGIC) Might Have The Makings Of A Multi-Bagger

August 25, 2022 | nasdaq.com

Ex-Dividend Reminder: Cathay General Bancorp, Magic Software Enterprises and Lumen Technologies

August 13, 2022 | seekingalpha.com

Magic Software Continues Organic Growth, Risks Enterprise Tech Reckoning

August 11, 2022 | seekingalpha.com

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q2 2022 Results - Earnings Call Transcript

August 11, 2022 | finance.yahoo.com

Magic Software Reports Second Quarter 2022 Financial Results with Record Second Quarter Revenues of $137 Million, Reflecting a 15% Year Over Year Growth

August 11, 2022 | finance.yahoo.com

Magic Software (MGIC) Q2 Earnings Miss Estimates

August 3, 2022 | finance.yahoo.com

Magic Software Enterprises (NASDAQ:MGIC) shareholders have earned a 23% CAGR over the last five years

May 15, 2022 | seekingalpha.com

Magic Software Continues To Create Revenue Platforms In Resilient Industries

May 12, 2022 | seekingalpha.com

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q1 2022 Results - Earnings Call Transcript

May 12, 2022 | finance.yahoo.com

Magic Software Announces Filing of 2021 Annual Report

May 12, 2022 | finance.yahoo.com

Magic Software Reports First Quarter 2022 Financial Results with Record-Breaking Revenues of $138.7 Million, Reflecting 29.3% Year Over Year Growth

May 12, 2022 | seekingalpha.com

Magic Software Non-GAAP EPS of $0.26, revenue of $138.7M; raises FY22 guidance

May 11, 2022 | seekingalpha.com

Magic Software Q1 consensus EPS, revenue estimates up

April 26, 2022 | finance.yahoo.com

Microsoft (MSFT) Q3 Earnings and Revenues Top Estimates

April 7, 2022 | finance.yahoo.com

Should Weakness in Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

March 7, 2022 | finance.yahoo.com

Magic Software Enterprises' (NASDAQ:MGIC) Upcoming Dividend Will Be Larger Than Last Year's

March 2, 2022 | finance.yahoo.com

Magic Software Reports Fourth Quarter and Full Year 2021 Financial Results with Record-Breaking Annual Revenues of $480.3 Million Reflecting 29.4% Year Over Year Growth

February 14, 2022 | finance.yahoo.com

Magic Software Enterprises (NASDAQ:MGIC) Is Looking To Continue Growing Its Returns On Capital

January 11, 2022 | finance.yahoo.com

Cadence (CDNS) Solution Boosts Efficiency of Rodelta Pumps

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MGIC Company Calendar

Last Earnings: 11/15/2021
Ex-Dividend for 9/13 Dividend: 8/29/2022
Dividend Payable: 9/13/2022
Today: 9/27/2022
Next Earnings (Estimated): 11/21/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:MGIC
CUSIP: N/A
CIK: 876779
Web: www.magicsoftware.com
Phone: (723) 538-9292
Fax: 972-3538-9333
Employees: 3,677
Year Founded: 1983

Profitability

EPS (Most Recent Fiscal Year): $0.56
Trailing P/E Ratio: 28.07
Forward P/E Ratio: 14.97
P/E Growth: N/A
Net Income: $29.33 million
Net Margins: 5.49%
Pretax Margin: 9.76%
Return on Equity: 18.04%
Return on Assets: 9.80%

Debt

Debt-to-Equity Ratio: 0.14
Current Ratio: 2.31
Quick Ratio: 2.31

Sales & Book Value

Annual Sales: $480.33 million
Price / Sales: 1.61
Cash Flow: $1.22 per share
Price / Cash Flow: 12.90
Book Value: $5.62 per share
Price / Book: 2.80

Miscellaneous

Outstanding Shares: 49,070,000
Free Float: 46,870,000
Market Cap: $771.38 million
Optionable: Optionable
Beta: 1.21

Social Links

Key Executives

Mr. Arik Kilman (Age 69)
Chairman of Software Solutions Division
Comp: $695.34k

Mr. Arik Faingold (Age 45)
Pres of Integration Solutions Division
Comp: $865.82k

Mr. Yuval Baruch (Age 55)
Chief Exec. Officer of Hermes Logistics Technologies
Comp: $451.82k

Mr. Yakov Tsaroya (Age 52)
Chief Exec. Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc.
Comp: $1.64M

Mr. Hanan Shahaf MBA (Age 70)
Chief Exec. Officer of Roshtov Software Industries Ltd
Comp: $325.62k

Mr. Guy Bernstein (Age 54)
CEO & Director

Mr. Asaf Berenstin (Age 44)
Chief Financial Officer

Mr. Yuval Lavi (Age 53)
Chief Technology Officer

Mr. Amit Birk (Age 51)
VP of Mergers & Acquisitions, Gen. Counsel & Corp. Sec.

Ms. Karin Netzer
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

MGIC Stock - Frequently Asked Questions

How have MGIC shares performed in 2022?: Magic Software Enterprises' stock was trading at $20.93 on January 1st, 2022. Since then, MGIC stock has decreased by 24.9% and is now trading at $15.72.
View the best growth stocks for 2022 here.
When is Magic Software Enterprises' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 21st 2022.
View our MGIC earnings forecast.
How were Magic Software Enterprises' earnings last quarter?: Magic Software Enterprises Ltd. (NASDAQ:MGIC) released its earnings results on Monday, November, 15th. The software maker reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. The software maker had revenue of $120.87 million for the quarter, compared to the consensus estimate of $113 million. Magic Software Enterprises had a trailing twelve-month return on equity of 18.04% and a net margin of 5.49%. During the same quarter in the previous year, the firm posted $0.19 EPS.
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 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 positive change 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 3.62%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 103.57%. 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 50.00% 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 Friday, September, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $545.00 million-$555.00 million, compared to the consensus revenue estimate of $544.30 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 many different institutional and retail investors. Top institutional investors include Meitav Dash Investments Ltd. (1.09%), Renaissance Technologies LLC (0.97%), Naples Global Advisors LLC (0.49%), Group One Trading L.P. (0.00%), ARK Investment Management LLC (0.27%) and Aptus Capital Advisors LLC (0.25%).
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 $15.72.
How much money does Magic Software Enterprises make?: Magic Software Enterprises (NASDAQ:MGIC) has a market capitalization of $771.43 million and generates $480.33 million in revenue each year. The software maker earns $29.33 million in net income (profit) each year or $0.56 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 9/27/2022 by MarketBeat.com Staff

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Magic Software Enterprises - MGIC Stock Forecast, Price & News

Magic Software Enterprises MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month