NASDAQ:MGIC - Magic Software Enterprises Stock Price, Price Target & More

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$8.30 -0.10 (-1.19 %)
(As of 06/20/2018 03:37 AM ET)
Previous Close$8.40
Today's Range$8.25 - $8.35
52-Week Range$7.60 - $9.50
Volume6,188 shs
Average Volume22,802 shs
Market Capitalization$371.48 million
P/E Ratio18.04
Dividend Yield3.11%
Magic Software Enterprises logoMagic Software Enterprises Ltd. provides proprietary application development, business process integration, and vertical software solutions and related professional services in Israel and internationally. The company's Software Solutions 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 application platform for building, deploying, and maintaining mainframe-grade business applications; and Magic xpi integration platform, a graphical wizard-based code-free solution. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Solution for both hubs and traditional air cargo ground handling operations; HR Pulse, a customized single-tenant software as a service tool that helps organizations to create new human capital management solutions; and MBS Solution, a proprietary system for managing TV broadcast channels. In addition, it provides software maintenance, support, training, and consulting services. It serves oil and gas, telecommunications, financial, healthcare, 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.

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Industry, Sector and Symbol

Industry Prepackaged software
SectorComputer and Technology


Debt-to-Equity Ratio0.13
Current Ratio3.04
Quick Ratio3.04


Trailing P/E Ratio18.04
Forward P/E Ratio14.56
P/E GrowthN/A

Sales & Book Value

Annual Sales$257.99 million
Price / Sales1.43
Cash Flow$0.7823 per share
Price / Cash10.61
Book Value$4.80 per share
Price / Book1.73


EPS (Most Recent Fiscal Year)$0.46
Net Income$15.44 million
Net Margins5.90%
Return on Equity10.41%
Return on Assets6.41%


Outstanding Shares44,490,000

Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

What is Magic Software Enterprises' stock symbol?

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

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 Wednesday, February 28th. Investors of record on Tuesday, March 13th will be given a dividend of $0.13 per share on Monday, March 26th. This represents a yield of 3.21%. The ex-dividend date is Monday, March 12th. This is an increase from Magic Software Enterprises's previous Semi-Annual dividend of $0.09. View Magic Software Enterprises' Dividend History.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd (NASDAQ:MGIC) released its quarterly earnings results on Wednesday, May, 16th. The software maker reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The software maker earned $69.73 million during the quarter, compared to analyst estimates of $66.55 million. Magic Software Enterprises had a return on equity of 10.41% and a net margin of 5.90%. View Magic Software Enterprises' Earnings History.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Wednesday, August, 8th 2018. View Earnings Estimates for Magic Software Enterprises.

What price target have analysts set for MGIC?

3 Wall Street analysts have issued 12-month price objectives for Magic Software Enterprises' shares. Their forecasts range from $10.00 to $10.50. On average, they expect Magic Software Enterprises' share price to reach $10.25 in the next year. View Analyst Ratings for Magic Software Enterprises.

Who are some of Magic Software Enterprises' key competitors?

Who are Magic Software Enterprises' key executives?

Magic Software Enterprises' management team includes the folowing people:
  • Mr. Udi Ertel, Pres of Software Solutions Division (Age 59)
  • Mr. Yuval Baruch, Chief Exec. Officer of Hermes Logistics Technologies (Age 51)
  • Mr. Arik Kilman, Managing Director of AppBuilder Solutions Division (Age 65)
  • Mr. Guy Bernstein, Chief Exec. Officer and Director (Age 50)
  • Mr. Asaf Berenstin, Chief Financial Officer (Age 40)

Has Magic Software Enterprises been receiving favorable news coverage?

Media coverage about MGIC stock has been trending somewhat negative this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Magic Software Enterprises earned a news impact score of -0.02 on Accern's scale. They also assigned media coverage about the software maker an impact score of 40.10 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

Who are Magic Software Enterprises' major shareholders?

Magic Software Enterprises' stock is owned by many different of institutional and retail investors. Top institutional investors include Denver Investment Advisors LLC (0.67%), Delek Group Ltd. (0.40%) and Unterberg Capital LLC (0.38%). View Institutional Ownership Trends for Magic Software Enterprises.

Which major investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Delek Group Ltd. and Denver Investment Advisors LLC. View Insider Buying and Selling for Magic Software Enterprises.

Which major investors are buying Magic Software Enterprises stock?

MGIC stock was purchased by a variety of institutional investors in the last quarter, including Unterberg Capital LLC. View Insider Buying and Selling for Magic Software Enterprises.

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, Scottrade, Fidelity and Charles Schwab.

What is Magic Software Enterprises' stock price today?

One share of MGIC stock can currently be purchased for approximately $8.30.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $371.48 million and generates $257.99 million in revenue each year. The software maker earns $15.44 million in net income (profit) each year or $0.46 on an earnings per share basis. Magic Software Enterprises employs 2,052 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 software maker can be reached via phone at 972-3538-9292 or via email at [email protected]

MarketBeat Community Rating for Magic Software Enterprises (MGIC)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  161 (Vote Outperform)
Underperform Votes:  220 (Vote Underperform)
Total Votes:  381
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.
This page was last updated on 6/20/2018 by Staff

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