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About Magic Software Enterprises (NASDAQ:MGIC)
Magic 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.
Industry, Sector and Symbol
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:MGIC
CUSIPN/A
Phone972-3538-9322
Debt
Debt-to-Equity Ratio0.13
Current Ratio3.04
Quick Ratio3.04
Price-To-Earnings
Trailing P/E Ratio18.59
Forward P/E Ratio15.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$257.99 million
Price / Sales1.47
Cash Flow$0.7773 per share
Price / Cash11.00
Book Value$4.78 per share
Price / Book1.79
Profitability
EPS (Most Recent Fiscal Year)$0.46
Net Income$15.44 million
Net Margins5.90%
Return on Equity10.41%
Return on Assets6.41%
Miscellaneous
Employees1,699
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 declared a Semi-Annual dividend on Wednesday, February 28th. Investors of record on Tuesday, March 13th will be paid a dividend of $0.13 per share on Monday, March 26th. This represents a dividend yield of 3.21%. The ex-dividend date is Monday, March 12th. This is a boost 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 (NASDAQ:MGIC) announced its quarterly earnings data on Wednesday, May, 16th. The software maker reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. The software maker had revenue of $69.73 million for the quarter, compared to analysts' expectations of $66.55 million. Magic Software Enterprises had a net margin of 5.90% and a return on equity of 10.41%. View Magic Software Enterprises' Earnings History.
When is Magic Software Enterprises' next earnings date?
What price target have analysts set for MGIC?
2 analysts have issued 12 month target prices for Magic Software Enterprises' stock. 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 twelve months. 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 MicroStrategy (MSTR), Instructure (INST), 3D Systems (DDD), Rapid7 (RPD), Hortonworks (HDP), Apptio (APTI), Endurance International Group (EIGI), SPS Commerce (SPSC), Everbridge (EVBG), SendGrid (SEND), LivePerson (LPSN), Workiva (WK), Benefitfocus (BNFT), CommerceHub (CHUBK) and CommerceHub (CHUBA).
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?
News coverage about MGIC stock has trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog 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 daily sentiment score of 0.15 on Accern's scale. They also assigned media headlines about the software maker an impact score of 46.05 out of 100, indicating that recent press 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?
Which institutional investors are selling Magic Software Enterprises stock?
Which institutional investors are buying Magic Software Enterprises stock?
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 $8.55.
How big of a company is Magic Software Enterprises?
Magic Software Enterprises has a market capitalization of $384.83 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 1,699 workers across the globe.
How can I contact Magic Software Enterprises?
Magic Software Enterprises' mailing address is 5 HAPLADA STREET, OR YEHUDA L3, 60218. The software maker can be reached via phone at 972-3538-9322 or via email at [email protected]
MarketBeat Community Rating for Magic Software Enterprises (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 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.
Magic Software Enterprises (NASDAQ:MGIC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for Magic Software Enterprises in the last 12 months. Their average twelve-month price target is $10.25, suggesting that the stock has a possible upside of 19.88%. The high price target for MGIC is $10.50 and the low price target for MGIC is $10.00. There are currently 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $10.25 | $10.1667 | $10.1667 | $10.1667 |
| Price Target Upside: | 19.88% upside | 21.03% upside | 18.22% upside | 18.22% upside |
Magic Software Enterprises (NASDAQ:MGIC) Consensus Price Target History
Magic Software Enterprises (NASDAQ:MGIC) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
Magic Software Enterprises (NASDAQ:MGIC) Dividend Information
Magic Software Enterprises pays an annual dividend of $0.26 per share, with a dividend yield of 3.04%. MGIC's most recent semi-annual dividend payment was Monday, March 26. Magic Software Enterprises pays out 56.52% of its earnings out as a dividend.
| Most Recent Dividend: | 3/26/2018 |
| Annual Dividend: | $0.26 |
| Dividend Yield: | 3.04% |
| Payout Ratio(s): | 56.52% (Trailing 12 Months of Earnings)
45.61% (Based on This Year's Estimates)
41.27% (Based on Next Year's Estimates)
33.45% (Based on Cash Flow)
|
Magic Software Enterprises (NASDAQ:MGIC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/28/2018 | Semi-Annual | $0.13 | 3.21% | 3/12/2018 | 3/13/2018 | 3/26/2018 |
| 8/14/2017 | semiannual | $0.13 | 3.25% | 8/29/2017 | 8/29/2017 | 9/13/2017 |
| 2/22/2017 | Semi-Annual | $0.0850 | | 3/16/2017 | 3/20/2017 | 4/5/2017 |
| 8/15/2016 | | $0.0850 | | 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 | | $0.0950 | | 8/21/2015 | 8/25/2015 | 9/10/2015 |
| 2/5/2015 | | $0.0810 | | 2/19/2015 | 2/23/2015 | 3/11/2015 |
| 8/12/2014 | semiannual | $0.0950 | 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)
Magic Software Enterprises (NASDAQ MGIC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 4.49%
Institutional Ownership Percentage: 11.03%
Magic Software Enterprises (NASDAQ MGIC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
Magic Software Enterprises (NASDAQ MGIC) News Headlines
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Magic Software Enterprises (NASDAQ:MGIC) SEC Filings
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Magic Software Enterprises (NASDAQ:MGIC) Income Statement, Balance Sheet and Cash Flow Statement
Magic Software Enterprises (NASDAQ MGIC) Stock Chart for Thursday, May, 24, 2018
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