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NASDAQ:MGIC - Magic Software Enterprises Stock Price, Forecast & News

$7.60
+0.03 (+0.40 %)
(As of 04/2/2020 03:56 PM ET)
Add
Compare
Today's Range
$7.60
Now: $7.60▼
$7.84
50-Day Range
$6.40
MA: $9.15▼
$11.50
52-Week Range
$6.31
Now: $7.60▼
$11.53
Volume3,437 shs
Average Volume69,935 shs
Market Capitalization$371.87 million
P/E Ratio29.23
Dividend Yield3.88%
Beta0.86
Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and IT outsourcing software services in Israel and internationally. The company's Software Services 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, a proprietary application platform for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi integration platform, a graphical wizard-based code-free solution; and Magic xpc, a hybrid integration platform as a service. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Solution, a packaged software solution for managing air cargo ground handling; HR Pulse, a customized single-tenant software as a service tool; and MBS Solution, a proprietary system for managing TV broadcast channels. In addition, the company provides software maintenance, support, training, and consulting services. It serves oil and gas, telecommunications, financial, healthcare, and 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.
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Magic Software Enterprises logo

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MGIC
Previous Symbol
CUSIPN/A
CIK876779
Webhttp://www.magicsoftware.com/
Phone972-3538-9322

Debt

Debt-to-Equity Ratio0.06
Current Ratio3.07
Quick Ratio3.21

Price-To-Earnings

Trailing P/E Ratio29.23
Forward P/E Ratio11.34
P/E GrowthN/A

Sales & Book Value

Annual Sales$325.63 million
Price / Sales1.14
Cash Flow$0.81 per share
Price / Cash Flow9.34
Book Value$5.41 per share
Price / Book1.40

Profitability

EPS (Most Recent Fiscal Year)$0.58
Net Income$20.27 million
Net Margins4.25%
Return on Equity10.99%
Return on Assets7.04%

Miscellaneous

Employees2,226
Outstanding Shares48,930,000
Market Cap$371.87 million
Next Earnings Date5/21/2020 (Estimated)
OptionableOptionable

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Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

How has Magic Software Enterprises' stock been impacted by COVID-19 (Coronavirus)?

Magic Software Enterprises' stock was trading at $8.11 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, MGIC stock has decreased by 6.3% and is now trading at $7.60. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Magic Software Enterprises.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release its next quarterly earnings announcement on Thursday, May 21st 2020. View our earnings forecast for Magic Software Enterprises.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd (NASDAQ:MGIC) issued its quarterly earnings results on Monday, March, 9th. The software maker reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by $0.02. The software maker earned $90.93 million during the quarter, compared to analysts' expectations of $83.45 million. Magic Software Enterprises had a return on equity of 10.99% and a net margin of 4.25%. View Magic Software Enterprises' earnings history.

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 Tuesday, August 13th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.156 per share on Thursday, September 12th. The ex-dividend date is Monday, August 26th. This is a boost from Magic Software Enterprises's previous Semi-Annual dividend of $0.09. View Magic Software Enterprises' dividend history.

What guidance has Magic Software Enterprises issued on next quarter's earnings?

Magic Software Enterprises issued an update on its FY 2020 Pre-Market earnings guidance on Monday, March, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $360-370 million, compared to the consensus revenue estimate of $350.63 million.

What price target have analysts set for MGIC?

1 brokerages have issued 1-year price objectives for Magic Software Enterprises' shares. Their forecasts range from $8.50 to $8.50. On average, they anticipate Magic Software Enterprises' stock price to reach $8.50 in the next year. This suggests a possible upside of 11.8% from the stock's current price. View analysts' price targets for Magic Software Enterprises.

Has Magic Software Enterprises been receiving favorable news coverage?

News articles about MGIC stock have trended very negative on Thursday, according to InfoTrie Sentiment. The research firm scores the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magic Software Enterprises earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutMagic Software Enterprises.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a decrease in short interest in March. As of March 13th, there was short interest totaling 5,100 shares, a decrease of 27.1% from the February 27th total of 7,000 shares. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. View Magic Software Enterprises' Current Options Chain.

Who are some of Magic Software Enterprises' key competitors?

What other stocks do shareholders of Magic Software Enterprises own?

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).

Who are Magic Software Enterprises' key executives?

Magic Software Enterprises' management team includes the following people:
  • Mr. Arik Kilman, Chairman of Software Solutions Division (Age 66)
  • Mr. Arik Faingold, Pres of Integration Solutions Division (Age 42)
  • Mr. Yakov Tsaroya, Chief Exec. Officer of Coretech Consulting Services and Fusion Solutions (Age 49)
  • Mr. Udi Ertel, Pres of Software Solutions Division (Age 60)
  • Mr. Hanan Shahaf MBA, Chief Exec. Officer of Roshtov Software Industries Ltd (Age 67)

What is Magic Software Enterprises' stock symbol?

Magic Software Enterprises trades on the NASDAQ under the ticker symbol "MGIC."

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, Robinhood, Fidelity, and Charles Schwab.

What is Magic Software Enterprises' stock price today?

One share of MGIC stock can currently be purchased for approximately $7.60.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $371.87 million and generates $325.63 million in revenue each year. The software maker earns $20.27 million in net income (profit) each year or $0.58 on an earnings per share basis. Magic Software Enterprises employs 2,226 workers across the globe. View additional information about Magic Software Enterprises.

What is Magic Software Enterprises' official website?

The official website for Magic Software Enterprises is http://www.magicsoftware.com/.

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 972-3538-9322 or via email at [email protected]


MarketBeat Community Rating for Magic Software Enterprises (NASDAQ MGIC)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  232 (Vote Outperform)
Underperform Votes:  335 (Vote Underperform)
Total Votes:  567
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.
This page was last updated on 4/2/2020 by MarketBeat.com Staff

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