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

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

Magic Software Enterprises announced a Semi-Annual dividend on Tuesday, August 13th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.156 per share on Thursday, September 12th. The ex-dividend date of this dividend 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.

Magic Software Enterprises Ltd (NASDAQ:MGIC) posted its quarterly earnings data on Thursday, November, 14th. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The software maker had revenue of $85.84 million for the quarter, compared to analysts' expectations of $80.05 million. Magic Software Enterprises had a net margin of 6.41% and a return on equity of 10.95%. View Magic Software Enterprises' Earnings History.

Magic Software Enterprises is scheduled to release their next quarterly earnings announcement on Monday, March 2nd 2020. View Earnings Estimates for Magic Software Enterprises.

Magic Software Enterprises updated its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$317-320 million, compared to the consensus revenue estimate of $$312.6 million.

1 brokers have issued 1-year price targets for Magic Software Enterprises' shares. Their forecasts range from $11.00 to $11.00. On average, they expect Magic Software Enterprises' share price to reach $11.00 in the next year. This suggests that the stock has a possible downside of 0.2%. View Analyst Price Targets for 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 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magic Software Enterprises.

Headlines about MGIC stock have trended extremely negative recently, InfoTrie reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Magic Software Enterprises earned a coverage optimism score of -4.6 on InfoTrie's scale. They also gave news headlines about the software maker a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Magic Software Enterprises.

Magic Software Enterprises saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 6,600 shares, an increase of 247.4% from the January 15th total of 1,900 shares. Based on an average daily volume of 30,900 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold. View Magic Software Enterprises' Current Options Chain.

Some companies that are related to Magic Software Enterprises include Bottomline Technologies (EPAY), LivePerson (LPSN), Fastly (FSLY), SPS Commerce (SPSC), Ping Identity (PING), Progress Software (PRGS), Zuora (ZUO), Instructure (INST), Bandwidth (BAND), Pagerduty (PD), 2U (TWOU), MicroStrategy (MSTR), Cision (CISN), 3D Systems (DDD) and Sapiens International (SPNS).

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).

Magic Software Enterprises' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Harel Insurance Investments & Financial Services Ltd. (4.92%), Renaissance Technologies LLC (1.01%), Phoenix Holdings Ltd. (0.84%), Naples Global Advisors LLC (0.32%), Menora Mivtachim Holdings LTD. (0.18%) and Meitav Dash Investments Ltd. (0.11%).

MGIC stock was sold by a variety of institutional investors in the last quarter, including Driehaus Capital Management LLC, Jane Street Group LLC, UBS Group AG, Menora Mivtachim Holdings LTD., Opus Capital Group LLC, Connor Clark & Lunn Investment Management Ltd. and Advisors Asset Management Inc..

MGIC stock was purchased by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., Phoenix Holdings Ltd., Renaissance Technologies LLC, ARK Investment Management LLC, Acadian Asset Management LLC, Seizert Capital Partners LLC, Meitav Dash Investments Ltd. and Samalin Investment Counsel LLC.

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.

One share of MGIC stock can currently be purchased for approximately $11.02.

Magic Software Enterprises has a market capitalization of $539.21 million and generates $284.38 million in revenue each year. The software maker earns $19.88 million in net income (profit) each year or $0.55 on an earnings per share basis. Magic Software Enterprises employs 2,226 workers across the globe.View Additional Information About Magic Software Enterprises.

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

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]