S&P 500   3,901.36 (+0.01%)
DOW   31,261.90 (+0.03%)
QQQ   288.36 (-0.42%)
AAPL   137.16 (-0.14%)
MSFT   252.31 (-0.33%)
FB   193.50 (+1.16%)
GOOGL   2,176.77 (-1.40%)
AMZN   2,151.09 (+0.22%)
TSLA   660.57 (-6.89%)
NVDA   166.68 (-2.66%)
BABA   86.79 (-1.03%)
NIO   16.44 (-1.32%)
AMD   93.38 (-3.40%)
CGC   5.52 (-5.96%)
MU   68.85 (-0.79%)
T   20.40 (+0.94%)
GE   75.25 (-0.65%)
F   12.50 (-2.72%)
DIS   102.42 (-0.70%)
AMC   12.03 (-8.03%)
PFE   52.47 (+3.59%)
PYPL   80.52 (-0.94%)
NFLX   186.35 (+1.56%)
S&P 500   3,901.36 (+0.01%)
DOW   31,261.90 (+0.03%)
QQQ   288.36 (-0.42%)
AAPL   137.16 (-0.14%)
MSFT   252.31 (-0.33%)
FB   193.50 (+1.16%)
GOOGL   2,176.77 (-1.40%)
AMZN   2,151.09 (+0.22%)
TSLA   660.57 (-6.89%)
NVDA   166.68 (-2.66%)
BABA   86.79 (-1.03%)
NIO   16.44 (-1.32%)
AMD   93.38 (-3.40%)
CGC   5.52 (-5.96%)
MU   68.85 (-0.79%)
T   20.40 (+0.94%)
GE   75.25 (-0.65%)
F   12.50 (-2.72%)
DIS   102.42 (-0.70%)
AMC   12.03 (-8.03%)
PFE   52.47 (+3.59%)
PYPL   80.52 (-0.94%)
NFLX   186.35 (+1.56%)
S&P 500   3,901.36 (+0.01%)
DOW   31,261.90 (+0.03%)
QQQ   288.36 (-0.42%)
AAPL   137.16 (-0.14%)
MSFT   252.31 (-0.33%)
FB   193.50 (+1.16%)
GOOGL   2,176.77 (-1.40%)
AMZN   2,151.09 (+0.22%)
TSLA   660.57 (-6.89%)
NVDA   166.68 (-2.66%)
BABA   86.79 (-1.03%)
NIO   16.44 (-1.32%)
AMD   93.38 (-3.40%)
CGC   5.52 (-5.96%)
MU   68.85 (-0.79%)
T   20.40 (+0.94%)
GE   75.25 (-0.65%)
F   12.50 (-2.72%)
DIS   102.42 (-0.70%)
AMC   12.03 (-8.03%)
PFE   52.47 (+3.59%)
PYPL   80.52 (-0.94%)
NFLX   186.35 (+1.56%)
S&P 500   3,901.36 (+0.01%)
DOW   31,261.90 (+0.03%)
QQQ   288.36 (-0.42%)
AAPL   137.16 (-0.14%)
MSFT   252.31 (-0.33%)
FB   193.50 (+1.16%)
GOOGL   2,176.77 (-1.40%)
AMZN   2,151.09 (+0.22%)
TSLA   660.57 (-6.89%)
NVDA   166.68 (-2.66%)
BABA   86.79 (-1.03%)
NIO   16.44 (-1.32%)
AMD   93.38 (-3.40%)
CGC   5.52 (-5.96%)
MU   68.85 (-0.79%)
T   20.40 (+0.94%)
GE   75.25 (-0.65%)
F   12.50 (-2.72%)
DIS   102.42 (-0.70%)
AMC   12.03 (-8.03%)
PFE   52.47 (+3.59%)
PYPL   80.52 (-0.94%)
NFLX   186.35 (+1.56%)
NASDAQ:MGIC

Magic Software Enterprises (MGIC) Stock Forecast, Price & News

$17.00
-0.04 (-0.23%)
(As of 05/20/2022 03:58 PM ET)
Add
Compare
Today's Range
$16.63
$17.15
50-Day Range
$15.17
$18.59
52-Week Range
$14.87
$25.49
Volume
13,429 shs
Average Volume
25,851 shs
Market Capitalization
$834.24 million
P/E Ratio
30.36
Dividend Yield
2.52%
Beta
1.28
30 days | 90 days | 365 days | Advanced Chart
Receive MGIC News and Ratings via Email

Sign-up to receive the latest news and ratings for Magic Software Enterprises and its competitors with MarketBeat's FREE daily newsletter.

Magic Software Enterprises logo

About Magic Software Enterprises

Magic Software Enterprises Ltd. provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software services in Israel and internationally. The company's Software Services segment develops, markets, sells, and supports 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, communications services and solutions, and supplemental outsourcing services. The company offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining high-end and mainframe-grade business applications; Magic xpi for application integration; Magic xpc, a hybrid integration platform as a service; Magic SmartUX, a mobile development application platform; and FactoryEye for virtualization of production data. 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 management. In addition, the company provides software maintenance, support, training, and consulting services. It serves oil and gas, telecommunications, financial, healthcare, and industrial sectors; and 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 incorporated in 1983 and is headquartered in Or Yehuda, Israel.

Headlines

See More Headlines

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:MGIC
Employees
3,039
Year Founded
1983

Sales & Book Value

Annual Sales
$480.33 million
Cash Flow
$1.22 per share
Book Value
$5.62 per share

Profitability

Net Income
$29.33 million
Pretax Margin
9.42%

Debt

Price-To-Earnings

Miscellaneous

Free Float
46,870,000
Market Cap
$834.24 million
Optionable
Optionable

Company Calendar

Ex-Dividend for 4/7 Dividend
3/23/2022
Dividend Payable
4/07/2022
Last Earnings
5/12/2022
Today
5/20/2022
Next Earnings (Estimated)
8/11/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

1.36 out of 5 stars

Computer And Technology Sector

722nd out of 924 stocks

Prepackaged Software Industry

236th out of 297 stocks

Analyst Opinion: 0.0Community Rank: 3.9Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -













Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a increase in short interest in April. As of April 30th, there was short interest totaling 15,700 shares, an increase of 23.6% from the April 15th total of 12,700 shares. Based on an average daily trading volume, of 21,400 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the company's stock are short sold.
View Magic Software Enterprises' Short Interest
.

When is Magic Software Enterprises' next earnings date?

Magic Software Enterprises is scheduled to release its next quarterly earnings announcement on Thursday, August 11th 2022.
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 Thursday, May, 12th. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The software maker had revenue of $138.71 million for the quarter, compared to analysts' expectations of $128.80 million. Magic Software Enterprises had a trailing twelve-month return on equity of 17.84% and a net margin of 5.35%.
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 Wednesday, March 2nd. Investors of record on Thursday, March 24th will be given a dividend of $0.216 per share on Thursday, April 7th. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, March 23rd.
View Magic Software Enterprises' dividend history
.

Is Magic Software Enterprises a good dividend stock?

Magic Software Enterprises pays an annual dividend of $0.43 per share and currently has a dividend yield of 2.50%. The dividend payout ratio of Magic Software Enterprises is 76.79%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Magic Software Enterprises will have a dividend payout ratio of 36.13% next year. This indicates that Magic Software Enterprises will be able to sustain or increase its dividend.
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 2022 earnings guidance on Thursday, May, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $540.00 million-$550.00 million, compared to the consensus revenue estimate of $540.40 million.

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 69, Pay $511.33k)
  • Mr. Arik Faingold, Pres of Integration Solutions Division (Age 45, Pay $564.44k)
  • Mr. Yuval Baruch, Chief Exec. Officer of Hermes Logistics Technologies (Age 55, Pay $319.47k)
  • Mr. Yakov Tsaroya, Chief Exec. Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc. (Age 52, Pay $855k)
  • Mr. Hanan Shahaf MBA, Chief Exec. Officer of Roshtov Software Industries Ltd (Age 70, Pay $310.61k)
  • Mr. Guy Bernstein, CEO & Director (Age 54)
  • Mr. Asaf Berenstin, Chief Financial Officer (Age 44)
  • Mr. Yuval Lavi, Chief Technology Officer (Age 53)
  • Mr. Amit Birk, VP of Mergers & Acquisitions, Gen. Counsel & Corp. Sec. (Age 51)
  • Ms. Karin Netzer, Chief Marketing Officer
What is Guy Bernstein's approval rating as Magic Software Enterprises' CEO?

13 employees have rated Magic Software Enterprises CEO Guy Bernstein on Glassdoor.com. Guy Bernstein has an approval rating of 61% among Magic Software Enterprises' employees. This puts Guy Bernstein in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Walt Disney (DIS), Gilead Sciences (GILD), Shopify (SHOP), Square (SQ), Tesla (TSLA), Trade Desk (TTD), AbbVie (ABBV), Applied Materials (AMAT) and Alibaba Group (BABA).

What is Magic Software Enterprises' stock symbol?

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

Who are Magic Software Enterprises' major shareholders?

Magic Software Enterprises' stock is owned by many different institutional and retail investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (5.12%), Meitav Dash Investments Ltd. (1.11%), Renaissance Technologies LLC (1.05%), Phoenix Holdings Ltd. (0.79%), Wellington Management Group LLP (0.71%) and Naples Global Advisors LLC (0.45%).

Which major investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Renaissance Technologies LLC, State Street Corp, UBS Group AG, Oppenheimer & Co. Inc., ARK Investment Management LLC, Edmond DE Rothschild Holding S.A., and Eqis Capital Management Inc..

Which major investors are buying Magic Software Enterprises stock?

MGIC stock was acquired by a variety of institutional investors in the last quarter, including Phoenix Holdings Ltd., Group One Trading L.P., PEAK6 Investments LLC, Meitav Dash Investments Ltd., Goldman Sachs Group Inc., Dimensional Fund Advisors LP, Russell Investments Group Ltd., and Sawtooth Solutions LLC.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Magic Software Enterprises' stock price today?

One share of MGIC stock can currently be purchased for approximately $16.92.

How much money does Magic Software Enterprises make?

Magic Software Enterprises has a market capitalization of $830.26 million and generates $480.33 million in revenue each year. The software maker earns $29.33 million in net income (profit) each year or $0.56 on an earnings per share basis.

How many employees does Magic Software Enterprises have?

Magic Software Enterprises employs 3,039 workers across the globe.

When was Magic Software Enterprises founded?

Magic Software Enterprises was founded in 1983.

What is Magic Software Enterprises' official website?

The official website for Magic Software Enterprises is 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 (723) 538-9292, via email at [email protected], or via fax at 972-3538-9333.

This page was last updated on 5/20/2022 by MarketBeat.com Staff

Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.