Magic Software Enterprises Ltd. is a provider of application development, business process integration platforms, vertical software solutions and related professional services. The Company is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. It operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The 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. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Software - NEC
- Sub-Industry: N/A
- Symbol: NASDAQ:MGIC
- CUSIP: N/A
- Web: www.magicsoftware.com
Capitalization:- Market Cap: $359.68 million
- Outstanding Shares: 44,132,000
Average Prices:- 50 Day Moving Avg: $8.00
- 200 Day Moving Avg: $7.73
- 52 Week Range: $6.51 - $8.70
P/E:- Trailing P/E Ratio: 28.83
- Foreward P/E Ratio: 13.15
- P/E Growth: 1.14
Sales & Book Value:- Annual Revenue: $217.74 million
- Price / Sales: 1.65
- Book Value: $4.51 per share
- Price / Book: 1.81
Dividend:- Annual Dividend: $0.17
- Dividend Yield: 2.1%
Profitability:- EBIDTA: $35.2 million
- Net Margins: 5.73%
- Return on Equity: 10.22%
- Return on Assets: 6.88%
Debt:- Debt-to-Equity Ratio: 0.18%
- Current Ratio: 3.33%
- Quick Ratio: 3.33%
Misc:- Average Volume: 39,686 shs.
- Beta: 0.63
- Short Ratio: 0.56
Frequently Asked Questions for Magic Software Enterprises (NASDAQ:MGIC)
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 22nd. Investors of record on Monday, March 20th will be given a dividend of $0.085 per share on Wednesday, April 5th. The ex-dividend date is Thursday, March 16th. View Magic Software Enterprises' Dividend History.
How were Magic Software Enterprises' earnings last quarter?
Magic Software Enterprises Ltd. (NASDAQ:MGIC) posted its earnings results on Tuesday, May, 16th. The company reported $0.13 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.12 by $0.01. The firm had revenue of $60.80 million for the quarter, compared to analysts' expectations of $49.90 million. Magic Software Enterprises had a return on equity of 10.22% and a net margin of 5.73%. The firm's revenue for the quarter was up 36.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. View Magic Software Enterprises' Earnings History.
Where is Magic Software Enterprises' stock going? Where will Magic Software Enterprises' stock price be in 2017?
4 analysts have issued 12-month price objectives for Magic Software Enterprises' shares. Their predictions range from $10.00 to $10.00. On average, they expect Magic Software Enterprises' stock price to reach $10.00 in the next year. View Analyst Ratings for Magic Software Enterprises.
Who are some of Magic Software Enterprises' key competitors?
Some companies that are related to Magic Software Enterprises include Everbridge (EVBG), Merge Healthcare (MRGE), MobileIron (MOBL), Accesso Technology Group PLC (ACSO), Okta (OKTA), Park City Group (PCYG), Amber Road (AMBR), Wandisco PLC (WAND), EnerNOC (ENOC), Exa Corp (EXA), Majesco (MJCO), RealNetworks (RNWK), Ideagen PLC (IDEA), Attunity (ATTU), Gresham Technologies PLC (GHT), Asure Software (ASUR), GlobalSCAPE (GSB) and Oxford Metrics PLC (OMG).
Who are Magic Software Enterprises' key executives?
Magic Software Enterprises' management team includes the folowing people:
- Guy Bernstein, Chief Executive Officer, Director
- Asaf Berenstin, Chief Financial Officer
- Yuval Baruch, Chief Executive Officer - Hermes Logistics
- Udi Ertel, President - Software Solutions division
- Arik Faingold, President - Integration Solutions division
- Eyal Pfeifel, Chief Technology Officer
- Amit Birk, Vice President of Mergers & Acquisitions, General Counsel, Secretary
- Moshe Gez, Chief Executive Officer - Complete Business Solutions
- Arik Kilman, President - AppBuilder Software Solutions division
- Yacov Tsruya, Chief Executive Officer - Coretech Consulting Services and Fusion Solutions
Who owns Magic Software Enterprises stock?
How do I buy Magic Software Enterprises stock?
Shares of Magic Software Enterprises can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Magic Software Enterprises' stock price today?
One share of Magic Software Enterprises stock can currently be purchased for approximately $8.15.
MarketBeat Community Rating for Magic Software Enterprises (NASDAQ MGIC)MarketBeat's community ratings are surveys of what our community members think about Magic Software Enterprises and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Magic Software Enterprises (NASDAQ:MGIC) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 3 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.75) |
| Consensus Price Target: | $10.00 (22.70% upside) |
Analysts' Ratings History for Magic Software Enterprises (NASDAQ:MGIC)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 5/17/2017 | Barclays PLC | Reiterated Rating | Overweight | $9.50 -> $10.00 | Low |  |
| 5/17/2017 | Rodman & Renshaw | Reiterated Rating | Buy -> Buy | $9.00 -> $10.00 | Medium | |
| 12/12/2016 | Deutsche Bank AG | Upgrade | Hold -> Buy | | N/A | |
| 10/19/2016 | Compass Point | Downgrade | Buy -> Neutral | | N/A | |
| 12/3/2015 | HC Wainwright | Reiterated Rating | Buy | $7.00 | N/A | |
(Data available from 7/20/2015 forward)
Earnings History for Magic Software Enterprises (NASDAQ:MGIC)Earnings History by Quarter for Magic Software Enterprises (NASDAQ MGIC)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/16/2017 | 3/31/2017 | $0.12 | $0.13 | $49.90 million | $60.80 million | View | N/A | |
| 2/21/2017 | 12/31/2016 | $0.13 | $0.10 | $53.20 million | $55.14 million | View | Listen | |
| 11/10/2016 | Q316 | $0.14 | $0.12 | $50.10 million | $54.50 million | View | N/A | |
| 8/10/2016 | Q216 | $0.13 | $0.12 | $45.07 million | $47.40 million | View | Listen | |
| 5/9/2016 | Q116 | $0.14 | $0.11 | $43.97 million | $44.70 million | View | N/A | |
| 2/17/2016 | Q415 | $0.15 | $0.13 | $44.81 million | $47.90 million | View | Listen | |
| 11/11/2015 | Q315 | $0.12 | $0.13 | $43.33 million | $45.30 million | View | Listen | |
| 8/11/2015 | Q215 | $0.12 | $0.12 | $41.85 million | $42.50 million | View | Listen | |
| 5/11/2015 | Q115 | $0.12 | $0.12 | $43.80 million | $40.30 million | View | Listen | |
| 1/30/2015 | Q414 | $0.11 | $0.13 | $42.35 million | $42.50 million | View | N/A | |
| 11/10/2014 | Q3 | $0.12 | $0.09 | $41.00 million | $40.20 million | View | N/A | |
| 8/11/2014 | Q214 | $0.11 | $0.11 | $39.30 million | $40.60 million | View | N/A | |
| 5/7/2014 | Q114 | $0.13 | $0.12 | $33.40 million | $40.90 million | View | N/A | |
| 2/12/2014 | Q413 | | $0.16 | $55.73 million | $41.19 million | View | N/A | |
| 11/6/2013 | Q313 | $0.12 | $0.11 | $35.50 million | $35.60 million | View | N/A | |
| 5/7/2013 | Q113 | $0.12 | $0.11 | $33.80 million | $33.40 million | View | N/A | |
| 2/14/2013 | Q412 | $0.13 | $0.12 | $35.00 million | $35.70 million | View | N/A | |
| 11/7/2012 | Q312 | $0.11 | $0.11 | $30.00 million | $30.00 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Magic Software Enterprises (NASDAQ:MGIC)2017 EPS Consensus Estimate: $0.56
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 1 | $0.13 | $0.13 | $0.13 |
| Q2 2017 | 1 | $0.13 | $0.13 | $0.13 |
| Q3 2017 | 1 | $0.16 | $0.16 | $0.16 |
| Q4 2017 | 1 | $0.14 | $0.14 | $0.14 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Magic Software Enterprises (NASDAQ:MGIC)| Most Recent Dividend: | 4/5/2017 |
| Annual Dividend: | $0.17 |
| Dividend Yield: | 2.09% |
| Payout Ratio: | 60.71% (Trailing 12 Months of Earnings)
32.08% (Based on This Year's Estimates)
27.42% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Magic Software Enterprises (NASDAQ MGIC)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/22/2017 | Semi-Annual | $0.09 | | 3/16/2017 | 3/20/2017 | 4/5/2017 |
| 8/15/2016 | | $0.09 | | 9/6/2016 | 9/8/2016 | 9/22/2016 |
| 2/21/2016 | | $0.09 | | 2/29/2016 | 3/2/2016 | 3/17/2016 |
| 8/12/2015 | | $0.10 | | 8/21/2015 | 8/25/2015 | 9/10/2015 |
| 2/5/2015 | | $0.08 | | 2/19/2015 | 2/23/2015 | 3/11/2015 |
| 8/12/2014 | semiannual | $0.10 | 2.71% | 8/15/2014 | 8/19/2014 | 9/4/2014 |
| 2/20/2014 | semiannual | $0.12 | 2.78% | 2/25/2014 | 2/27/2014 | 3/17/2014 |
| 2/20/2014 | | $0.12 | | 2/25/2014 | 2/27/2014 | 3/14/2014 |
| 8/13/2013 | semiannual | $0.09 | 2.96% | 8/19/2013 | 8/21/2013 | 9/3/2013 |
| 2/15/2013 | quarterly | $0.12 | 10.04% | 2/21/2013 | 2/25/2013 | 3/14/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for Magic Software Enterprises (NASDAQ:MGIC)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Magic Software Enterprises (NASDAQ:MGIC)
Latest Headlines for Magic Software Enterprises (NASDAQ:MGIC)
| Source: |
|
| Date | Headline |
|---|
 | ETFs with exposure to Magic Software Enterprises Ltd. : July 14, 2017
finance.yahoo.com - July 15 at 6:26 AM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : July 13, 2017
finance.yahoo.com - July 14 at 6:25 AM |
 | Magic Software Enterprises Ltd. (NASDAQ:MGIC) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - July 12 at 10:10 PM |
| Magic Software Enterprises’ IoT Integration Solution Powered by GigaSpaces InsightEdge
finance.yahoo.com - July 12 at 3:27 AM |
| Magic to Announce Second Quarter 2017 Financial Results on August 9, 2017
finance.yahoo.com - July 10 at 5:22 AM |
| Magic Software Enterprises Ltd. (NASDAQ:MGIC) Expected to Announce Quarterly Sales of $52.65 Million
www.americanbankingnews.com - July 2 at 7:48 AM |
| Brokerages Anticipate Magic Software Enterprises Ltd. (MGIC) to Announce $0.12 EPS
www.americanbankingnews.com - June 30 at 8:26 PM |
| Aisei Pharmacy Dispenses Better Service by Synching Marketo and CRM with Magic's Integration Platform
finance.yahoo.com - June 28 at 8:14 PM |
| ETFs with exposure to Magic Software Enterprises Ltd. : June 28, 2017
finance.yahoo.com - June 28 at 8:14 PM |
| Magic Software Enterprises Ltd. :MGIC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017
finance.yahoo.com - June 21 at 7:40 PM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : June 20, 2017
finance.yahoo.com - June 20 at 7:30 PM |
| Magic Software Enterprises Ltd (MGIC) Short Interest Update
www.americanbankingnews.com - June 11 at 12:46 PM |
| Zacks: Brokerages Expect Magic Software Enterprises Ltd (MGIC) Will Announce Quarterly Sales of $52.65 Million
www.americanbankingnews.com - June 8 at 9:56 AM |
| Brokerages Anticipate Magic Software Enterprises Ltd (MGIC) Will Announce Earnings of $0.12 Per Share
www.americanbankingnews.com - June 6 at 6:14 PM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : June 6, 2017
finance.yahoo.com - June 6 at 9:30 AM |
| Magic's Application Platform Dominates the Japanese Market in License Sales
finance.yahoo.com - May 22 at 10:10 AM |
| Barclays PLC Reiterates Overweight Rating for Magic Software Enterprises Ltd (MGIC)
www.americanbankingnews.com - May 17 at 5:56 PM |
 | BRIEF-Magic Software reports Q1 non-GAAP earnings of $0.13/shr
www.reuters.com - May 17 at 9:16 AM |
 | Magic Software Enterprises (MGIC) Tops Q1 EPS by 1c, Beats on Revenues
www.streetinsider.com - May 17 at 9:16 AM |
 | Magic Software Enterprises' (MGIC) CEO Guy Bernstein on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 17 at 9:16 AM |
| Magic Software Enterprises Ltd (MGIC) Receives Consensus Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - May 17 at 8:56 AM |
| Magic Software Enterprises Ltd (MGIC) Forecasted to Post FY2017 Earnings of $0.55 Per Share
www.americanbankingnews.com - May 17 at 8:50 AM |
| Magic Software Enterprises Ltd (MGIC) Price Target Increased to $10.00 by Analysts at Rodman & Renshaw
www.americanbankingnews.com - May 17 at 8:34 AM |
| Magic Delivers Record-Breaking Revenues of $61 Million for the First Quarter with 36% Year Over Year Growth
finance.yahoo.com - May 16 at 10:30 AM |
| Magic Software posts 1Q profit
finance.yahoo.com - May 16 at 10:30 AM |
| Investor Network: Magic Software Enterprises Ltd. to Host Earnings Call
finance.yahoo.com - May 16 at 10:30 AM |
| Magic Software Enterprises Ltd (MGIC) Announces Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - May 16 at 8:56 AM |
| Magic Software Enterprises Ltd (MGIC) Expected to Announce Quarterly Sales of $49.9 Million
www.americanbankingnews.com - May 13 at 10:02 AM |
| Magic Software Enterprises Ltd (MGIC) Expected to Announce Earnings of $0.12 Per Share
www.americanbankingnews.com - May 11 at 9:18 AM |
| Magic Software Enterprises Ltd. :MGIC-US: Earnings Analysis: Q4, 2016 By the Numbers : May 10, 2017
finance.yahoo.com - May 10 at 6:37 PM |
| Zacks Investment Research Downgrades Magic Software Enterprises Ltd. (MGIC) to Hold
www.americanbankingnews.com - May 9 at 7:16 AM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bullish Manner : MGIC-US : May 8, 2017
finance.yahoo.com - May 8 at 12:33 PM |
| Somewhat Positive News Coverage Somewhat Likely to Impact Magic Software Enterprises (MGIC) Stock Price
www.americanbankingnews.com - May 1 at 7:00 PM |
| Magic Software Announces Filing of 2016 Annual Report
finance.yahoo.com - April 28 at 7:27 PM |
| Magic Software Enterprises Ltd. – Value Analysis (NASDAQ:MGIC) : April 28, 2017
finance.yahoo.com - April 28 at 7:27 PM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : April 27, 2017
finance.yahoo.com - April 27 at 9:36 AM |
| Somewhat Favorable Media Coverage Somewhat Likely to Impact Magic Software Enterprises (MGIC) Stock Price
www.americanbankingnews.com - April 24 at 9:34 PM |
| Magic to Announce First Quarter 2017 Financial Results on May 16, 2017
finance.yahoo.com - April 20 at 10:02 AM |
| $0.12 EPS Expected for Magic Software Enterprises Ltd. (MGIC) This Quarter
www.americanbankingnews.com - April 20 at 8:03 AM |
| Favorable Press Coverage Extremely Likely to Impact Magic Software Enterprises (MGIC) Stock Price
www.americanbankingnews.com - April 16 at 11:25 AM |
| Magic Software Enterprises Ltd. breached its 50 day moving average in a Bearish Manner : MGIC-US : April 14, 2017
finance.yahoo.com - April 14 at 6:19 PM |
| Somewhat Positive Press Coverage Somewhat Likely to Effect Magic Software Enterprises (MGIC) Share Price
www.americanbankingnews.com - April 13 at 8:38 PM |
| Is Magic Software a Great Stock for Value Investors?
finance.yahoo.com - April 7 at 11:11 AM |
| Magic Software Enterprises Ltd. (MGIC) Given Consensus Recommendation of "" by Analysts
www.americanbankingnews.com - March 21 at 10:52 AM |
| Magic Software Enterprises Ltd. (MGIC) Upgraded at Zacks Investment Research
www.americanbankingnews.com - March 19 at 5:42 PM |
| Magic Software Enterprises Ltd. (MGIC) Receives “Buy” Rating from Rodman & Renshaw
www.americanbankingnews.com - March 12 at 10:02 AM |
| Assa Abloy Implements Industry 4.0 Solution Powered by Magic xpi Integration Platform
finance.yahoo.com - March 7 at 10:27 AM |
| Moving Average Crossover Alert: Magic Software Enterprises (MGIC)
finance.yahoo.com - March 6 at 6:03 PM |
| Magic to Open St. Petersburg R&D Center to Expand Solutions and Services Offering
finance.yahoo.com - February 28 at 10:04 AM |
| BRIEF-Magic Software Enterprises says Q4 revenues up 15 pct year over year to $55.1 mln
www.reuters.com - February 22 at 6:39 PM |
Magic Software Enterprises (MGIC) Chart for Thursday, July, 20, 2017
