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

Magic Software Enterprises trades on the NASDAQ under the ticker symbol "MGIC."

Magic Software Enterprises declared a Semi-Annual dividend on Tuesday, August 13th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.156 per share on Thursday, September 12th. The ex-dividend date of this dividend is Monday, August 26th. This is an increase from Magic Software Enterprises's previous Semi-Annual dividend of $0.09. View Magic Software Enterprises' Dividend History.

Magic Software Enterprises Ltd (NASDAQ:MGIC) released its earnings results on Tuesday, August, 13th. The software maker reported $0.14 EPS for the quarter, meeting the Zacks' consensus estimate of $0.14. The software maker earned $77.06 million during the quarter, compared to analysts' expectations of $76.55 million. Magic Software Enterprises had a return on equity of 10.43% and a net margin of 6.74%. View Magic Software Enterprises' Earnings History.

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Tuesday, November 12th 2019. View Earnings Estimates for Magic Software Enterprises.

Magic Software Enterprises updated its FY 2019 earnings guidance on Tuesday, August, 13th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $313-319 million, compared to the consensus revenue estimate of $312.25 million.

1 brokers have issued 12 month price targets for Magic Software Enterprises' stock. Their forecasts range from $10.00 to $10.00. On average, they anticipate Magic Software Enterprises' stock price to reach $10.00 in the next twelve months. This suggests a possible upside of 8.8% from the stock's current price. View Analyst Price Targets for 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 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magic Software Enterprises.

News stories about MGIC stock have trended positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magic Software Enterprises earned a daily sentiment score of 2.5 on InfoTrie's scale. They also assigned news stories about the software maker a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an impact on the company's share price in the near term. View News Stories for Magic Software Enterprises.

Magic Software Enterprises saw a decrease in short interest during the month of July. As of July 31st, there was short interest totalling 11,300 shares, a decrease of 55.5% from the June 30th total of 25,400 shares. Based on an average trading volume of 15,000 shares, the short-interest ratio is currently 0.8 days. Currently, 0.1% of the company's stock are sold short. View Magic Software Enterprises' Current Options Chain.

Some companies that are related to Magic Software Enterprises include Progress Software (PRGS), Carbon Black (CBLK), Instructure (INST), Zuora (ZUO), MicroStrategy (MSTR), 2U (TWOU), Talend (TLND), Upland Software (UPLD), Materialise (MTLS), Cision (CISN), Sapiens International (SPNS), Secureworks (SCWX), Benefitfocus (BNFT), 3D Systems (DDD) and Cango (CANG).

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).

Magic Software Enterprises' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Clal Insurance Enterprises Holdings Ltd (5.03%), Harel Insurance Investments & Financial Services Ltd. (3.79%), Delek Group Ltd. (1.04%), Renaissance Technologies LLC (0.86%), Naples Global Advisors LLC (0.29%) and Eagle Global Advisors LLC (0.16%).

MGIC stock was sold by a variety of institutional investors in the last quarter, including Delek Group Ltd., Eagle Global Advisors LLC, AXA, Acadian Asset Management LLC, Clal Insurance Enterprises Holdings Ltd, Seizert Capital Partners LLC and Van ECK Associates Corp.

MGIC stock was bought by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., Aptus Capital Advisors LLC, Opus Capital Group LLC, Renaissance Technologies LLC, Naples Global Advisors LLC, BlackRock Inc., Optimum Investment Advisors and Connor Clark & Lunn Investment Management Ltd..

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.

One share of MGIC stock can currently be purchased for approximately $9.19.

Magic Software Enterprises has a market capitalization of $449.30 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 2,226 workers across the globe.View Additional Information About Magic Software Enterprises.

The official website for Magic Software Enterprises is http://www.magicsoftware.com/.

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]