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
Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
SymbolNASDAQ:MGIC
CUSIPN/A
Phone972-3538-9292
Debt
Debt-to-Equity Ratio0.13
Current Ratio3.04
Quick Ratio3.04
Price-To-Earnings
Trailing P/E Ratio17.93
Forward P/E Ratio14.47
P/E GrowthN/A
Sales & Book Value
Annual Sales$257.99 million
Price / Sales1.56
Cash Flow$0.7725 per share
Price / Cash10.68
Book Value$4.80 per share
Price / Book1.72
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
Employees2,052
Outstanding Shares48,760,000
Market Cap$409.56
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 yield of 3.21%. The ex-dividend date of this dividend 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) released its quarterly earnings data on Wednesday, May, 16th. The software maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.01. The software maker had revenue of $69.73 million for the quarter, compared to the consensus estimate 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?
3 brokers have issued 1 year price targets for Magic Software Enterprises' shares. Their predictions range from $10.00 to $10.50. On average, they expect Magic Software Enterprises' stock price to reach $10.25 in the next twelve months. This suggests a possible upside of 24.2% from the stock's current price. View Analyst Ratings for Magic Software Enterprises.
What is the consensus analysts' recommendation for Magic Software Enterprises?
3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magic Software Enterprises in the last year. There are currently 1 sell rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
What are Wall Street analysts saying about Magic Software Enterprises stock?
Here are some recent quotes from research analysts about Magic Software Enterprises stock:
- 1. HC Wainwright analysts commented, "We are not in the habit of commenting on collaborative selling arrangements, but in considering Microsoft’s global reach, the entrenched nature of that company’s enterprise solutions, and the potential power the Microsoft brand has in endorsing Magic’s integration tools, we think the longer- term implications of Magic’s new status at Microsoft could propel the company’s operating dynamics. A January 2018 cursory review of co-sell OCP anecdotes found one Microsoft partner" had already noted 12 joints wins with Microsoft and another witnessed a 140% increase in pipeline through Microsoft co-sell opportunities." (7/12/2018)
- 2. According to Zacks Investment Research, "Magic Software Enterprises, a member of the Formula Group, develops, markets and supports software development and deployment technology that enables enterprises to accelerate the process of building and deploying applications that can be rapidly customized and integrated with existing systems. Magic technology, applications and professional services are available through a global network of subsidiaries, distributors and Magic solutions partners. (PRESS RELEASE) " (5/22/2018)
Who are some of Magic Software Enterprises' key competitors?
Some companies that are related to Magic Software Enterprises include Apptio (APTI), MicroStrategy (MSTR), Endurance International Group (EIGI), Hortonworks (HDP), Rapid7 (RPD), Everbridge (EVBG), Cheetah Mobile (CMCM), LivePerson (LPSN), SPS Commerce (SPSC), Web.com Group Inc. common stock (WEB), SendGrid (SEND), Benefitfocus (BNFT), Secureworks (SCWX), Workiva (WK) and QAD (QADA).
Who are Magic Software Enterprises' key executives?
Magic Software Enterprises' management team includes the folowing people:
- Mr. Arik Kilman, Chairman of Software Solutions Division & CEO AppBuilder Solutions (Age 65)
- Mr. Arik Faingold, Pres of Integration Solutions Division (Age 41)
- Mr. Yakov Tsaroya, Chief Exec. Officer of Coretech Consulting Services and Fusion Solutions (Age 48)
- Mr. Udi Ertel, Pres of Software Solutions Division (Age 59)
- Mr. Yuval Baruch, Chief Exec. Officer of Hermes Logistics Technologies (Age 51)
Has Magic Software Enterprises been receiving favorable news coverage?
News headlines about MGIC stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by monitoring more than twenty 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 news sentiment score of 0.13 on Accern's scale. They also gave media stories about the software maker an impact score of 46.67 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.
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 $8.25.
How big of a company is Magic Software Enterprises?
Magic Software Enterprises has a market capitalization of $409.56 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 (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 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.
