Magic Software Enterprises Company Profile (NASDAQ:MGIC)

About Magic Software Enterprises (NASDAQ:MGIC)

Magic Software Enterprises logoMagic 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?

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?

Magic Software Enterprises' stock is owned by many different of retail and institutional investors. Top institutional shareholders include YELIN LAPIDOT HOLDINGS MANAGEMENT LTD. (5.00%). View Institutional Ownership Trends for Magic Software Enterprises.

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)
Community Ranking:  2.3 out of 5 ( )
Outperform Votes:  75 (Vote Outperform)
Underperform Votes:  91 (Vote Underperform)
Total Votes:  166
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.

Analyst Ratings

Consensus Ratings for Magic Software Enterprises (NASDAQ:MGIC) (How are Consensus Ratings Calculated?)
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:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/17/2017Barclays PLCReiterated RatingOverweight$9.50 -> $10.00LowView Rating Details
5/17/2017Rodman & RenshawReiterated RatingBuy -> Buy$9.00 -> $10.00MediumView Rating Details
12/12/2016Deutsche Bank AGUpgradeHold -> BuyN/AView Rating Details
10/19/2016Compass PointDowngradeBuy -> NeutralN/AView Rating Details
12/3/2015HC WainwrightReiterated RatingBuy$7.00N/AView Rating Details
(Data available from 7/20/2015 forward)

Earnings

Earnings History for Magic Software Enterprises (NASDAQ:MGIC)
Earnings by Quarter for Magic Software Enterprises (NASDAQ:MGIC)
Earnings History by Quarter for Magic Software Enterprises (NASDAQ MGIC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/16/20173/31/2017$0.12$0.13$49.90 million$60.80 millionViewN/AView Earnings Details
2/21/201712/31/2016$0.13$0.10$53.20 million$55.14 millionViewListenView Earnings Details
11/10/2016Q316$0.14$0.12$50.10 million$54.50 millionViewN/AView Earnings Details
8/10/2016Q216$0.13$0.12$45.07 million$47.40 millionViewListenView Earnings Details
5/9/2016Q116$0.14$0.11$43.97 million$44.70 millionViewN/AView Earnings Details
2/17/2016Q415$0.15$0.13$44.81 million$47.90 millionViewListenView Earnings Details
11/11/2015Q315$0.12$0.13$43.33 million$45.30 millionViewListenView Earnings Details
8/11/2015Q215$0.12$0.12$41.85 million$42.50 millionViewListenView Earnings Details
5/11/2015Q115$0.12$0.12$43.80 million$40.30 millionViewListenView Earnings Details
1/30/2015Q414$0.11$0.13$42.35 million$42.50 millionViewN/AView Earnings Details
11/10/2014Q3$0.12$0.09$41.00 million$40.20 millionViewN/AView Earnings Details
8/11/2014Q214$0.11$0.11$39.30 million$40.60 millionViewN/AView Earnings Details
5/7/2014Q114$0.13$0.12$33.40 million$40.90 millionViewN/AView Earnings Details
2/12/2014Q413$0.16$55.73 million$41.19 millionViewN/AView Earnings Details
11/6/2013Q313$0.12$0.11$35.50 million$35.60 millionViewN/AView Earnings Details
5/7/2013Q113$0.12$0.11$33.80 million$33.40 millionViewN/AView Earnings Details
2/14/2013Q412$0.13$0.12$35.00 million$35.70 millionViewN/AView Earnings Details
11/7/2012Q312$0.11$0.11$30.00 million$30.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Magic Software Enterprises (NASDAQ:MGIC)
2017 EPS Consensus Estimate: $0.56
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.13$0.13$0.13
Q2 20171$0.13$0.13$0.13
Q3 20171$0.16$0.16$0.16
Q4 20171$0.14$0.14$0.14
(Data provided by Zacks Investment Research)

Dividends

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 Payments by Quarter for Magic Software Enterprises (NASDAQ:MGIC)

Dividend History by Quarter for Magic Software Enterprises (NASDAQ MGIC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
2/22/2017Semi-Annual$0.093/16/20173/20/20174/5/2017
8/15/2016$0.099/6/20169/8/20169/22/2016
2/21/2016$0.092/29/20163/2/20163/17/2016
8/12/2015$0.108/21/20158/25/20159/10/2015
2/5/2015$0.082/19/20152/23/20153/11/2015
8/12/2014semiannual$0.102.71%8/15/20148/19/20149/4/2014
2/20/2014semiannual$0.122.78%2/25/20142/27/20143/17/2014
2/20/2014$0.122/25/20142/27/20143/14/2014
8/13/2013semiannual$0.092.96%8/19/20138/21/20139/3/2013
2/15/2013quarterly$0.1210.04%2/21/20132/25/20133/14/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Magic Software Enterprises (NASDAQ:MGIC)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Magic Software Enterprises (NASDAQ:MGIC)
Latest Headlines for Magic Software Enterprises (NASDAQ:MGIC)
Source:
DateHeadline
finance.yahoo.com logoETFs with exposure to Magic Software Enterprises Ltd. : July 14, 2017
finance.yahoo.com - July 15 at 6:26 AM
finance.yahoo.com logoMagic 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
americanbankingnews.com logoMagic Software Enterprises Ltd. (NASDAQ:MGIC) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - July 12 at 10:10 PM
finance.yahoo.com logoMagic Software Enterprises’ IoT Integration Solution Powered by GigaSpaces InsightEdge
finance.yahoo.com - July 12 at 3:27 AM
finance.yahoo.com logoMagic to Announce Second Quarter 2017 Financial Results on August 9, 2017
finance.yahoo.com - July 10 at 5:22 AM
americanbankingnews.com logoMagic Software Enterprises Ltd. (NASDAQ:MGIC) Expected to Announce Quarterly Sales of $52.65 Million
www.americanbankingnews.com - July 2 at 7:48 AM
americanbankingnews.com logo Brokerages Anticipate Magic Software Enterprises Ltd. (MGIC) to Announce $0.12 EPS
www.americanbankingnews.com - June 30 at 8:26 PM
finance.yahoo.com logoAisei Pharmacy Dispenses Better Service by Synching Marketo and CRM with Magic's Integration Platform
finance.yahoo.com - June 28 at 8:14 PM
finance.yahoo.com logoETFs with exposure to Magic Software Enterprises Ltd. : June 28, 2017
finance.yahoo.com - June 28 at 8:14 PM
finance.yahoo.com logoMagic Software Enterprises Ltd. :MGIC-US: Earnings Analysis: Q1, 2017 By the Numbers : June 21, 2017
finance.yahoo.com - June 21 at 7:40 PM
finance.yahoo.com logoMagic 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
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Short Interest Update
www.americanbankingnews.com - June 11 at 12:46 PM
americanbankingnews.com logoZacks: Brokerages Expect Magic Software Enterprises Ltd (MGIC) Will Announce Quarterly Sales of $52.65 Million
www.americanbankingnews.com - June 8 at 9:56 AM
americanbankingnews.com logo Brokerages Anticipate Magic Software Enterprises Ltd (MGIC) Will Announce Earnings of $0.12 Per Share
www.americanbankingnews.com - June 6 at 6:14 PM
finance.yahoo.com logoMagic 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
finance.yahoo.com logoMagic's Application Platform Dominates the Japanese Market in License Sales
finance.yahoo.com - May 22 at 10:10 AM
americanbankingnews.com logoBarclays PLC Reiterates Overweight Rating for Magic Software Enterprises Ltd (MGIC)
www.americanbankingnews.com - May 17 at 5:56 PM
reuters.com logoBRIEF-Magic Software reports Q1 non-GAAP earnings of $0.13/shr
www.reuters.com - May 17 at 9:16 AM
streetinsider.com logoMagic Software Enterprises (MGIC) Tops Q1 EPS by 1c, Beats on Revenues
www.streetinsider.com - May 17 at 9:16 AM
seekingalpha.com logoMagic Software Enterprises' (MGIC) CEO Guy Bernstein on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 17 at 9:16 AM
americanbankingnews.com logo Magic Software Enterprises Ltd (MGIC) Receives Consensus Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - May 17 at 8:56 AM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Forecasted to Post FY2017 Earnings of $0.55 Per Share
www.americanbankingnews.com - May 17 at 8:50 AM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Price Target Increased to $10.00 by Analysts at Rodman & Renshaw
www.americanbankingnews.com - May 17 at 8:34 AM
finance.yahoo.com logoMagic 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
finance.yahoo.com logoMagic Software posts 1Q profit
finance.yahoo.com - May 16 at 10:30 AM
finance.yahoo.com logoInvestor Network: Magic Software Enterprises Ltd. to Host Earnings Call
finance.yahoo.com - May 16 at 10:30 AM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Announces Earnings Results, Beats Estimates By $0.01 EPS
www.americanbankingnews.com - May 16 at 8:56 AM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Expected to Announce Quarterly Sales of $49.9 Million
www.americanbankingnews.com - May 13 at 10:02 AM
americanbankingnews.com logoMagic Software Enterprises Ltd (MGIC) Expected to Announce Earnings of $0.12 Per Share
www.americanbankingnews.com - May 11 at 9:18 AM
finance.yahoo.com logoMagic Software Enterprises Ltd. :MGIC-US: Earnings Analysis: Q4, 2016 By the Numbers : May 10, 2017
finance.yahoo.com - May 10 at 6:37 PM
americanbankingnews.com logoZacks Investment Research Downgrades Magic Software Enterprises Ltd. (MGIC) to Hold
www.americanbankingnews.com - May 9 at 7:16 AM
finance.yahoo.com logoMagic 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
americanbankingnews.com logoSomewhat Positive News Coverage Somewhat Likely to Impact Magic Software Enterprises (MGIC) Stock Price
www.americanbankingnews.com - May 1 at 7:00 PM
finance.yahoo.com logoMagic Software Announces Filing of 2016 Annual Report
finance.yahoo.com - April 28 at 7:27 PM
finance.yahoo.com logoMagic Software Enterprises Ltd. – Value Analysis (NASDAQ:MGIC) : April 28, 2017
finance.yahoo.com - April 28 at 7:27 PM
finance.yahoo.com logoMagic 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
americanbankingnews.com logoSomewhat Favorable Media Coverage Somewhat Likely to Impact Magic Software Enterprises (MGIC) Stock Price
www.americanbankingnews.com - April 24 at 9:34 PM
finance.yahoo.com logoMagic to Announce First Quarter 2017 Financial Results on May 16, 2017
finance.yahoo.com - April 20 at 10:02 AM
americanbankingnews.com logo$0.12 EPS Expected for Magic Software Enterprises Ltd. (MGIC) This Quarter
www.americanbankingnews.com - April 20 at 8:03 AM
americanbankingnews.com logoFavorable Press Coverage Extremely Likely to Impact Magic Software Enterprises (MGIC) Stock Price
www.americanbankingnews.com - April 16 at 11:25 AM
finance.yahoo.com logoMagic 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
americanbankingnews.com logoSomewhat Positive Press Coverage Somewhat Likely to Effect Magic Software Enterprises (MGIC) Share Price
www.americanbankingnews.com - April 13 at 8:38 PM
finance.yahoo.com logoIs Magic Software a Great Stock for Value Investors?
finance.yahoo.com - April 7 at 11:11 AM
americanbankingnews.com logo Magic Software Enterprises Ltd. (MGIC) Given Consensus Recommendation of "" by Analysts
www.americanbankingnews.com - March 21 at 10:52 AM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) Upgraded at Zacks Investment Research
www.americanbankingnews.com - March 19 at 5:42 PM
americanbankingnews.com logoMagic Software Enterprises Ltd. (MGIC) Receives “Buy” Rating from Rodman & Renshaw
www.americanbankingnews.com - March 12 at 10:02 AM
finance.yahoo.com logoAssa Abloy Implements Industry 4.0 Solution Powered by Magic xpi Integration Platform
finance.yahoo.com - March 7 at 10:27 AM
finance.yahoo.com logoMoving Average Crossover Alert: Magic Software Enterprises (MGIC)
finance.yahoo.com - March 6 at 6:03 PM
finance.yahoo.com logoMagic to Open St. Petersburg R&D Center to Expand Solutions and Services Offering
finance.yahoo.com - February 28 at 10:04 AM
reuters.com logoBRIEF-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

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Chart

Magic Software Enterprises (MGIC) Chart for Thursday, July, 20, 2017

This page was last updated on 7/20/2017 by MarketBeat.com Staff