NASDAQ:MGICMagic Software Enterprises Stock Price, Forecast & News

$10.17

+0.06 (+0.59 %)

(As of 05/29/2020 04:00 PM ET)

Add

Compare

Today's Range

$9.92

Now: $10.17▼

$10.18

50-Day Range

$8.49

MA: $9.20▼

$10.34

52-Week Range

$6.31

Now: $10.17▼

$11.53

Volume14,714 shs

Average Volume42,382 shs

Market Capitalization$497.72 million

P/E Ratio37.67

Dividend Yield1.58%

Beta0.89

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 16.4% from its current price of $10.17.
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 232 “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 59.23% “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 1.58%, 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 22.22 % 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 11.11% 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 12.50% in the coming year, from $0.64 to $0.72 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Magic Software Enterprises is 37.67, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magic Software Enterprises is 37.67, 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 40.94.
Price to Book Value per Share Ratio
Magic Software Enterprises has a P/B Ratio of 1.88. 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 Ratio3.07

Quick Ratio3.07

Price-To-Earnings

Trailing P/E Ratio37.67

Forward P/E Ratio15.89

P/E GrowthN/A

Sales & Book Value

Annual Sales$325.63 million

Price / Sales1.53

Cash Flow$0.85 per share

Price / Cash Flow11.91

Book Value$5.41 per share

Price / Book1.88

Profitability

EPS (Most Recent Fiscal Year)$0.58

Net Income$20.27 million

Net Margins4.23%

Return on Equity11.98%

Return on Assets7.69%

Miscellaneous

Employees2,226

Outstanding Shares48,940,000

Market Cap$497.72 million

Next Earnings Date8/11/2020 (Estimated)

OptionableOptionable

Receive MGIC News and Ratings via Email

Sign-up to receive the latest news and ratings for MGIC and its competitors with MarketBeat's FREE daily newsletter.

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 COVID-19 reached pandemic status according to the World Health Organization. Since then, MGIC shares have increased by 25.4% and is now trading at $10.17. 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) announced its quarterly earnings results on Tuesday, May, 26th. The software maker reported $0.19 EPS for the quarter, beating the consensus estimate of $0.15 by $0.04. The software maker had revenue of $85.21 million for the quarter, compared to the consensus estimate of $82.65 million. Magic Software Enterprises had a net margin of 4.23% and a return on equity of 11.98%. 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. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.08 per share on Thursday, June 25th. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend 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 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 Wall Street analysts have issued twelve-month target prices for Magic Software Enterprises' stock. Their forecasts range from $8.50 to $8.50. On average, they anticipate Magic Software Enterprises' stock price to reach $8.50 in the next year. This suggests that the stock has a possible downside of 16.4%. View analysts' price targets for Magic Software Enterprises.

Has Magic Software Enterprises been receiving favorable news coverage?

Media headlines about MGIC stock have trended extremely negative on Friday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magic Software Enterprises earned a news impact score of -4.0 on InfoTrie's scale. They also gave media headlines about the software maker a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutMagic Software Enterprises.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 11,500 shares, a decrease of 26.3% from the April 30th total of 15,600 shares. Based on an average trading volume of 48,700 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company's shares are sold short. 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 Pagerduty (PD), Instructure (INST), CommVault Systems (CVLT), Progress Software (PRGS), Zuora (ZUO), Materialise (MTLS), MicroStrategy (MSTR), Sapiens International (SPNS), Secureworks (SCWX), Talend (TLND), QAD (QADA), 3D Systems (DDD), Upland Software (UPLD), NCC Group (NCCGF) and Cango (CANG). 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 many different retail and institutional 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 purchased 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 $10.17.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $497.72 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]

This page was last updated on 5/29/2020 by MarketBeat.com Staff