S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:MGIC

Magic Software Enterprises Stock Forecast, Price & News

$21.98
-0.72 (-3.17%)
(As of 11/26/2021 04:00 PM ET)
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Compare
Today's Range
$21.95
$22.50
50-Day Range
$18.94
$24.78
52-Week Range
$14.26
$25.49
Volume
20,792 shs
Average Volume
41,240 shs
Market Capitalization
$1.08 billion
P/E Ratio
38.56
Dividend Yield
2.07%
Beta
1.38
30 days | 90 days | 365 days | Advanced Chart
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Magic Software Enterprises logo

About Magic Software Enterprises

Magic Software Enterprises Ltd. engages in the provision of proprietary application development and business process integration platforms, vertical software solutions, and vendor of information technology (IT) outsourcing software services. It operates through Software Services and IT Professional Services segments. The Software Services segment includes proprietary and non-proprietary software technology and complementary services. The IT Professional Services segment offers services in the areas of infrastructure design and delivery; application development; technology planning and implementation services; communications services and solutions; and supplemental staffing services. The company was founded by David Assia in February 1983 and is headquartered in Or Yehuda, Israel.

Headlines

Magic Software Enterprises (MGIC) to Release Earnings on Monday
November 13, 2021 |  americanbankingnews.com
Magic Software Enterprises Ltd. (MGIC)
November 7, 2021 |  uk.finance.yahoo.com
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
$371.19 million
Cash Flow
$1.01 per share
Book Value
$5.50 per share

Profitability

Net Income
$25.19 million
Pretax Margin
9.39%

Debt

Price-To-Earnings

Miscellaneous

Free Float
46,833,000
Market Cap
$1.08 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
8/27/2021
Dividend Payable
9/14/2021
Last Earnings
11/15/2021
Today
11/28/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
3/14/2022

Social Links


MarketRank

Overall MarketRank

1.81 out of 5 stars

Computer And Technology Sector

555th out of 891 stocks

Prepackaged Software Industry

174th out of 265 stocks

Analyst Opinion: 1.5Community Rank: 4.0Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -












Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

Is Magic Software Enterprises a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magic Software Enterprises in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Magic Software Enterprises stock.
View analyst ratings for Magic Software Enterprises
or view top-rated stocks.

How has Magic Software Enterprises' stock price been impacted by COVID-19?

Magic Software Enterprises' stock was trading at $8.11 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MGIC stock has increased by 171.0% and is now trading at $21.98.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a increase in short interest in November. As of November 15th, there was short interest totaling 27,200 shares, an increase of 103.0% from the October 31st total of 13,400 shares. Based on an average daily volume of 32,100 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the company's shares are sold short.
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 Monday, March 14th 2022.
View our earnings forecast for Magic Software Enterprises
.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd. (NASDAQ:MGIC) released its quarterly earnings data on Monday, November, 15th. The software maker reported $0.24 EPS for the quarter, beating the Zacks' consensus estimate of $0.21 by $0.03. Magic Software Enterprises had a trailing twelve-month return on equity of 16.26% and a net margin of 6.20%. During the same period last year, the firm posted $0.19 earnings per share.
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 announced a semi-annual dividend on Friday, August 13th. Investors of record on Monday, August 30th will be paid a dividend of $0.234 per share on Tuesday, September 14th. This represents a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 27th. This is a positive change from Magic Software Enterprises's previous semi-annual dividend of $0.21.
View Magic Software Enterprises' dividend history
.

Is Magic Software Enterprises a good dividend stock?

Magic Software Enterprises pays an annual dividend of $0.47 per share and currently has a dividend yield of 2.07%. Magic Software Enterprises has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Magic Software Enterprises is 82.46%. 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 48.45% 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 2021 earnings guidance on Monday, November, 22nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $470 million-$475 million, compared to the consensus revenue estimate of $455.10 million.

What price target have analysts set for MGIC?

1 analysts have issued 12-month price targets for Magic Software Enterprises' stock. Their forecasts range from $20.00 to $20.00. On average, they anticipate Magic Software Enterprises' share price to reach $20.00 in the next twelve months. This suggests that the stock has a possible downside of 9.0%.
View analysts' price targets for Magic Software Enterprises
or view top-rated stocks among Wall Street analysts.

Who are Magic Software Enterprises' key executives?

Magic Software Enterprises' management team includes the following people:
  • Guy Shimon Bernstein, Chief Executive Officer & Director
  • Asaf Berenstin, Chief Financial Officer
  • Yuval Lavi, Vice President-Technology & Innovation
  • Kenny Krupnik, Vice President- Research & Development
  • Stephan Romeder, Vice President-Global Business Development

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 a variety of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (1.12%), Meitav Dash Investments Ltd. (0.94%), Phoenix Holdings Ltd. (0.57%), Naples Global Advisors LLC (0.43%), Arrowstreet Capital Limited Partnership (0.37%) and Dimensional Fund Advisors LP (0.20%).

Which major investors are selling Magic Software Enterprises stock?

MGIC stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Millennium Management LLC, Seizert Capital Partners LLC, O Shaughnessy Asset Management LLC, Aptus Capital Advisors LLC, Advisor Group Holdings Inc., Connor Clark & Lunn Investment Management Ltd., and Ritholtz Wealth Management.

Which major investors are buying Magic Software Enterprises stock?

MGIC stock was bought by a variety of institutional investors in the last quarter, including Meitav Dash Investments Ltd., Sphera Funds Management LTD., Citigroup Inc., Arrowstreet Capital Limited Partnership, Oppenheimer & Co. Inc., Dimensional Fund Advisors LP, Sawtooth Solutions LLC, and UBS Group AG.

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 $21.98.

How much money does Magic Software Enterprises make?

Magic Software Enterprises has a market capitalization of $1.08 billion and generates $371.19 million in revenue each year. The software maker earns $25.19 million in net income (profit) each year or $0.57 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.

Where are Magic Software Enterprises' headquarters?

Magic Software Enterprises is headquartered at 5 HAPLADA STREET, OR YEHUDA L3, 6021805.

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 11/28/2021 by MarketBeat.com Staff

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