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

$11.19
-0.31 (-2.70 %)
(As of 02/19/2020 04:53 AM ET)
Today's Range
$11.13
Now: $11.19
$11.50
50-Day Range
$9.78
MA: $10.73
$11.50
52-Week Range
$8.01
Now: $11.19
$11.53
Volume26,600 shs
Average Volume25,391 shs
Market Capitalization$547.50 million
P/E Ratio31.97
Dividend Yield2.70%
Beta0.82
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. Read More…

Industry, Sector and Symbol

Industry Prepackaged software
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:MGIC
CUSIPN/A
Phone972-3538-9322

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$284.38 million
Cash Flow$0.76 per share
Book Value$5.09 per share

Profitability

Net Income$19.88 million

Miscellaneous

Employees2,226
Market Cap$547.50 million
Next Earnings Date3/2/2020 (Estimated)
OptionableOptionable

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Magic Software Enterprises (NASDAQ:MGIC) Frequently Asked Questions

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 declared a Semi-Annual dividend on Tuesday, August 13th. Stockholders 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 positive change from Magic Software Enterprises's previous Semi-Annual dividend of $0.09. View Magic Software Enterprises' Dividend History.

How were Magic Software Enterprises' earnings last quarter?

Magic Software Enterprises Ltd (NASDAQ:MGIC) released its quarterly earnings results on Thursday, November, 14th. The software maker reported $0.17 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.15 by $0.02. The software maker had revenue of $85.84 million for the quarter, compared to analyst estimates 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.

When is Magic Software Enterprises' next earnings date?

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

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

Magic Software Enterprises issued an update on its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share (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.

What price target have analysts set for MGIC?

1 equities research analysts have issued twelve-month price objectives 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 twelve months. This suggests that the stock has a possible downside of 1.7%. View Analyst Price Targets for Magic Software Enterprises.

What is the consensus analysts' recommendation 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.

Has Magic Software Enterprises been receiving favorable news coverage?

News coverage about MGIC stock has been trending extremely negative on Wednesday, InfoTrie reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Magic Software Enterprises earned a media sentiment score of -4.1 on InfoTrie's scale. They also gave news coverage about the software maker a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an impact on the stock's share price in the next several days. View News Stories for Magic Software Enterprises.

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a increase in short interest in 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 days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are short sold. 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 folowing 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)

Who are Magic Software Enterprises' major shareholders?

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%).

Which institutional investors are selling Magic Software Enterprises stock?

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..

Which institutional investors are buying Magic Software Enterprises stock?

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.

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 $11.19.

How big of a company is Magic Software Enterprises?

Magic Software Enterprises has a market capitalization of $547.50 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.

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:  225 (Vote Outperform)
Underperform Votes:  325 (Vote Underperform)
Total Votes:  550
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 2/19/2020 by MarketBeat.com Staff

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