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

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 given a dividend of $0.156 per share on Thursday, September 12th. The ex-dividend date of this dividend is Monday, August 26th. This is a positive change from Magic Software Enterprises's previous Semi-Annual dividend of $0.09. View Magic Software Enterprises' Dividend History.

Magic Software Enterprises Ltd (NASDAQ:MGIC) issued its quarterly earnings results on Thursday, November, 14th. The software maker reported $0.17 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.02. The software maker earned $85.84 million during the quarter, compared to analysts' expectations of $80.05 million. Magic Software Enterprises had a return on equity of 10.95% and a net margin of 6.41%. View Magic Software Enterprises' Earnings History.

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Monday, March 2nd 2020. View Earnings Estimates for Magic Software Enterprises.

Magic Software Enterprises issued an update on its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $$317-320 million, compared to the consensus revenue estimate of $$312.6 million.

1 analysts have issued 12 month price targets for Magic Software Enterprises' shares. Their forecasts range from $11.00 to $11.00. On average, they anticipate Magic Software Enterprises' share price to reach $11.00 in the next year. This suggests that the stock has a possible downside of 1.2%. 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.

Media coverage about MGIC stock has been trending very positive on Friday, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by analyzing 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 nearest to five being the most favorable. Magic Software Enterprises earned a daily sentiment score of 4.0 on InfoTrie's scale. They also assigned news coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Magic Software Enterprises.

Magic Software Enterprises saw a decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,900 shares, a decline of 34.5% from the December 15th total of 2,900 shares. Based on an average trading volume of 31,200 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's shares are sold short. View Magic Software Enterprises' Current Options Chain.

Some companies that are related to Magic Software Enterprises include Progress Software (PRGS), Workiva (WK), CommVault Systems (CVLT), SPS Commerce (SPSC), Ping Identity (PING), Pagerduty (PD), Instructure (INST), Zuora (ZUO), Bandwidth (BAND), MicroStrategy (MSTR), Cision (CISN), 2U (TWOU), 3D Systems (DDD), Sapiens International (SPNS) and Secureworks (SCWX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Magic Software Enterprises investors own include Activision Blizzard (ATVI), AT&T (T), NVIDIA (NVDA), AbbVie (ABBV), Alibaba Group (BABA), Applied Materials (AMAT), Gilead Sciences (GILD), PepsiCo (PEP), salesforce.com (CRM) and Walt Disney (DIS).

Magic Software Enterprises' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Harel Insurance Investments & Financial Services Ltd. (4.92%).

MGIC stock was bought by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services 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, Robinhood, Fidelity and Charles Schwab.

One share of MGIC stock can currently be purchased for approximately $11.13.

Magic Software Enterprises has a market capitalization of $544.57 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]