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. Shareholders 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 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) posted its quarterly earnings data 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 updated its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided EPS 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 brokerages have issued 12-month target prices for Magic Software Enterprises' shares. Their forecasts range from $11.00 to $11.00. On average, they expect Magic Software Enterprises' stock price to reach $11.00 in the next year. This suggests that the stock has a possible downside of 0.3%. 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 headlines about MGIC stock have been trending somewhat positive on Sunday, InfoTrie Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than six thousand blog and news 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 sentiment score of 2.0 on InfoTrie's scale. They also gave news articles about the software maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for Magic Software Enterprises.

Magic Software Enterprises saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 6,600 shares, an increase of 247.4% from the January 15th total of 1,900 shares. Based on an average daily volume of 30,900 shares, the short-interest ratio is presently 0.2 days. Currently, 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 LivePerson (LPSN), Progress Software (PRGS), SPS Commerce (SPSC), Instructure (INST), Zuora (ZUO), Bandwidth (BAND), Pagerduty (PD), 2U (TWOU), MicroStrategy (MSTR), Cision (CISN), 3D Systems (DDD), Sapiens International (SPNS), Secureworks (SCWX), Cango (CANG) and Talend (TLND).

Based on aggregate information from My MarketBeat watchlists, some companies that other Magic Software Enterprises investors own include Activision Blizzard (ATVI), Alibaba Group (BABA), AT&T (T), Applied Materials (AMAT), Gilead Sciences (GILD), PepsiCo (PEP), AbbVie (ABBV), Shopify (SHOP), Verizon Communications (VZ) and Adobe (ADBE).

Magic Software Enterprises' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (4.92%), Renaissance Technologies LLC (1.01%), Phoenix Holdings Ltd. (0.84%), Naples Global Advisors LLC (0.32%), Menora Mivtachim Holdings LTD. (0.18%) and Meitav Dash Investments Ltd. (0.11%).

MGIC stock was sold by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Jane Street Group LLC, UBS Group AG, Menora Mivtachim Holdings LTD., Opus Capital Group LLC, Connor Clark & Lunn Investment Management Ltd. and Advisors Asset Management Inc..

MGIC stock was purchased by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., Phoenix Holdings Ltd., Renaissance Technologies LLC, ARK Investment Management LLC, Acadian Asset Management LLC, Seizert Capital Partners LLC, Meitav Dash Investments Ltd. and Samalin Investment Counsel LLC.

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 $11.03.

Magic Software Enterprises has a market capitalization of $539.70 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]