Magic Software Enterprises (MGIC) Competitors

$17.38 0.00 (0.00%)

As of 08/3/2026

MGIC vs. WK, FRSH, PONY, AGYS, and BRZE

Should you buy Magic Software Enterprises stock or one of its competitors? MarketBeat compares Magic Software Enterprises with other companies and stocks that may be similar based on industry, sector, market capitalization, business model, investor interest, or shared news coverage. Companies and stocks commonly compared with Magic Software Enterprises include Workiva (WK), Freshworks (FRSH), Pony AI (PONY), Agilysys (AGYS), and Braze (BRZE). These companies are all part of the "application software" industry.

How does Magic Software Enterprises compare to Workiva?

Magic Software Enterprises (NASDAQ:MGIC) and Workiva (NYSE:WK) are both technology companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, valuation, earnings, profitability, media sentiment, institutional ownership, risk and dividends.

Magic Software Enterprises has higher earnings, but lower revenue than Workiva. Magic Software Enterprises is trading at a lower price-to-earnings ratio than Workiva, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Magic Software Enterprises	$603.22M	1.41	$36.88M	$0.81	21.46
Workiva	$884.57M	3.89	-$26.17M	$0.23	266.57

Magic Software Enterprises currently has a consensus target price of $18.00, indicating a potential upside of 3.57%. Workiva has a consensus target price of $88.50, indicating a potential upside of 44.35%. Given Workiva's stronger consensus rating and higher probable upside, analysts plainly believe Workiva is more favorable than Magic Software Enterprises.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Magic Software Enterprises	0 Sell rating(s)	2 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.33
Workiva	1 Sell rating(s)	1 Hold rating(s)	10 Buy rating(s)	0 Strong Buy rating(s)	2.75

24.7% of Magic Software Enterprises shares are held by institutional investors. Comparatively, 92.2% of Workiva shares are held by institutional investors. 4.5% of Magic Software Enterprises shares are held by insiders. Comparatively, 4.8% of Workiva shares are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

Magic Software Enterprises has a beta of 0.73, suggesting that its share price is 27% less volatile than the broader market. Comparatively, Workiva has a beta of 0.46, suggesting that its share price is 54% less volatile than the broader market.

In the previous week, Workiva had 7 more articles in the media than Magic Software Enterprises. MarketBeat recorded 7 mentions for Workiva and 0 mentions for Magic Software Enterprises. Workiva's average media sentiment score of 1.02 beat Magic Software Enterprises' score of 1.00 indicating that Workiva is being referred to more favorably in the news media.

Company	Overall Sentiment
Magic Software Enterprises	Positive
Workiva	Positive

Magic Software Enterprises has a net margin of 6.61% compared to Workiva's net margin of 1.53%. Magic Software Enterprises' return on equity of 16.28% beat Workiva's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Magic Software Enterprises	6.61%	16.28%	8.96%
Workiva	1.53%	-68.43%	1.47%

Summary

Workiva beats Magic Software Enterprises on 10 of the 16 factors compared between the two stocks.

How does Magic Software Enterprises compare to Freshworks?

Magic Software Enterprises (NASDAQ:MGIC) and Freshworks (NASDAQ:FRSH) are both technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, media sentiment, dividends, valuation, profitability, institutional ownership, earnings and analyst recommendations.

In the previous week, Freshworks had 9 more articles in the media than Magic Software Enterprises. MarketBeat recorded 9 mentions for Freshworks and 0 mentions for Magic Software Enterprises. Magic Software Enterprises' average media sentiment score of 1.00 beat Freshworks' score of 0.87 indicating that Magic Software Enterprises is being referred to more favorably in the media.

Company	Overall Sentiment
Magic Software Enterprises	Positive
Freshworks	Positive

Freshworks has a net margin of 20.69% compared to Magic Software Enterprises' net margin of 6.61%. Magic Software Enterprises' return on equity of 16.28% beat Freshworks' return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Magic Software Enterprises	6.61%	16.28%	8.96%
Freshworks	20.69%	4.27%	2.74%

Freshworks has higher revenue and earnings than Magic Software Enterprises. Freshworks is trading at a lower price-to-earnings ratio than Magic Software Enterprises, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Magic Software Enterprises	$603.22M	1.41	$36.88M	$0.81	21.46
Freshworks	$838.81M	3.93	$183.72M	$0.62	19.23

Magic Software Enterprises currently has a consensus target price of $18.00, indicating a potential upside of 3.57%. Freshworks has a consensus target price of $13.25, indicating a potential upside of 11.11%. Given Freshworks' stronger consensus rating and higher possible upside, analysts clearly believe Freshworks is more favorable than Magic Software Enterprises.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Magic Software Enterprises	0 Sell rating(s)	2 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.33
Freshworks	1 Sell rating(s)	8 Hold rating(s)	6 Buy rating(s)	1 Strong Buy rating(s)	2.44

24.7% of Magic Software Enterprises shares are owned by institutional investors. Comparatively, 75.6% of Freshworks shares are owned by institutional investors. 4.5% of Magic Software Enterprises shares are owned by insiders. Comparatively, 8.5% of Freshworks shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Magic Software Enterprises has a beta of 0.73, meaning that its share price is 27% less volatile than the broader market. Comparatively, Freshworks has a beta of 0.86, meaning that its share price is 14% less volatile than the broader market.

Summary

Freshworks beats Magic Software Enterprises on 12 of the 17 factors compared between the two stocks.

How does Magic Software Enterprises compare to Pony AI?

Magic Software Enterprises (NASDAQ:MGIC) and Pony AI (NASDAQ:PONY) are both technology companies, but which is the better investment? We will contrast the two businesses based on the strength of their risk, media sentiment, dividends, valuation, profitability, institutional ownership, earnings and analyst recommendations.

In the previous week, Magic Software Enterprises' average media sentiment score of 1.00 beat Pony AI's score of 0.00 indicating that Magic Software Enterprises is being referred to more favorably in the media.

Company	Overall Sentiment
Magic Software Enterprises	Positive
Pony AI	Neutral

Magic Software Enterprises has a net margin of 6.61% compared to Pony AI's net margin of -128.22%. Magic Software Enterprises' return on equity of 16.28% beat Pony AI's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Magic Software Enterprises	6.61%	16.28%	8.96%
Pony AI	-128.22%	-17.13%	-15.86%

Magic Software Enterprises has higher revenue and earnings than Pony AI. Pony AI is trading at a lower price-to-earnings ratio than Magic Software Enterprises, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Magic Software Enterprises	$603.22M	1.41	$36.88M	$0.81	21.46
Pony AI	$90M	38.30	-$133.97M	-$0.36	N/A

Magic Software Enterprises currently has a consensus target price of $18.00, indicating a potential upside of 3.57%. Pony AI has a consensus target price of $19.94, indicating a potential upside of 151.33%. Given Pony AI's stronger consensus rating and higher possible upside, analysts clearly believe Pony AI is more favorable than Magic Software Enterprises.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Magic Software Enterprises	0 Sell rating(s)	2 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.33
Pony AI	1 Sell rating(s)	3 Hold rating(s)	5 Buy rating(s)	0 Strong Buy rating(s)	2.44

24.7% of Magic Software Enterprises shares are owned by institutional investors. 4.5% of Magic Software Enterprises shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Magic Software Enterprises has a beta of 0.73, meaning that its share price is 27% less volatile than the broader market. Comparatively, Pony AI has a beta of 3.95, meaning that its share price is 295% more volatile than the broader market.

Summary

Magic Software Enterprises beats Pony AI on 10 of the 15 factors compared between the two stocks.

How does Magic Software Enterprises compare to Agilysys?

Magic Software Enterprises (NASDAQ:MGIC) and Agilysys (NASDAQ:AGYS) are both technology companies, but which is the superior investment? We will contrast the two companies based on the strength of their media sentiment, profitability, dividends, institutional ownership, earnings, analyst recommendations, valuation and risk.

Magic Software Enterprises currently has a consensus target price of $18.00, indicating a potential upside of 3.57%. Agilysys has a consensus target price of $123.60, indicating a potential upside of 12.14%. Given Agilysys' stronger consensus rating and higher probable upside, analysts clearly believe Agilysys is more favorable than Magic Software Enterprises.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Magic Software Enterprises	0 Sell rating(s)	2 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.33
Agilysys	0 Sell rating(s)	3 Hold rating(s)	5 Buy rating(s)	0 Strong Buy rating(s)	2.63

24.7% of Magic Software Enterprises shares are owned by institutional investors. Comparatively, 88.0% of Agilysys shares are owned by institutional investors. 4.5% of Magic Software Enterprises shares are owned by company insiders. Comparatively, 8.7% of Agilysys shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Magic Software Enterprises has a beta of 0.73, meaning that its stock price is 27% less volatile than the broader market. Comparatively, Agilysys has a beta of 0.37, meaning that its stock price is 63% less volatile than the broader market.

In the previous week, Agilysys had 23 more articles in the media than Magic Software Enterprises. MarketBeat recorded 23 mentions for Agilysys and 0 mentions for Magic Software Enterprises. Magic Software Enterprises' average media sentiment score of 1.00 beat Agilysys' score of 0.63 indicating that Magic Software Enterprises is being referred to more favorably in the media.

Company	Overall Sentiment
Magic Software Enterprises	Positive
Agilysys	Positive

Agilysys has a net margin of 12.99% compared to Magic Software Enterprises' net margin of 6.61%. Magic Software Enterprises' return on equity of 16.28% beat Agilysys' return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Magic Software Enterprises	6.61%	16.28%	8.96%
Agilysys	12.99%	11.94%	8.20%

Agilysys has lower revenue, but higher earnings than Magic Software Enterprises. Magic Software Enterprises is trading at a lower price-to-earnings ratio than Agilysys, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Magic Software Enterprises	$603.22M	1.41	$36.88M	$0.81	21.46
Agilysys	$330.31M	9.41	$38.79M	$1.51	72.99

Summary

Agilysys beats Magic Software Enterprises on 11 of the 16 factors compared between the two stocks.

How does Magic Software Enterprises compare to Braze?

Braze (NASDAQ:BRZE) and Magic Software Enterprises (NASDAQ:MGIC) are both technology companies, but which is the better business? We will compare the two companies based on the strength of their valuation, institutional ownership, analyst recommendations, dividends, earnings, profitability, risk and media sentiment.

Braze currently has a consensus price target of $34.76, suggesting a potential upside of 33.57%. Magic Software Enterprises has a consensus price target of $18.00, suggesting a potential upside of 3.57%. Given Braze's stronger consensus rating and higher possible upside, research analysts plainly believe Braze is more favorable than Magic Software Enterprises.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Braze	1 Sell rating(s)	0 Hold rating(s)	18 Buy rating(s)	1 Strong Buy rating(s)	2.95
Magic Software Enterprises	0 Sell rating(s)	2 Hold rating(s)	1 Buy rating(s)	0 Strong Buy rating(s)	2.33

90.5% of Braze shares are held by institutional investors. Comparatively, 24.7% of Magic Software Enterprises shares are held by institutional investors. 12.5% of Braze shares are held by company insiders. Comparatively, 4.5% of Magic Software Enterprises shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Braze has a beta of 0.83, meaning that its stock price is 17% less volatile than the broader market. Comparatively, Magic Software Enterprises has a beta of 0.73, meaning that its stock price is 27% less volatile than the broader market.

In the previous week, Braze had 11 more articles in the media than Magic Software Enterprises. MarketBeat recorded 11 mentions for Braze and 0 mentions for Magic Software Enterprises. Magic Software Enterprises' average media sentiment score of 1.00 beat Braze's score of 0.82 indicating that Magic Software Enterprises is being referred to more favorably in the news media.

Company	Overall Sentiment
Braze	Positive
Magic Software Enterprises	Positive

Magic Software Enterprises has a net margin of 6.61% compared to Braze's net margin of -15.51%. Magic Software Enterprises' return on equity of 16.28% beat Braze's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Braze	-15.51%	-17.52%	-9.88%
Magic Software Enterprises	6.61%	16.28%	8.96%

Magic Software Enterprises has lower revenue, but higher earnings than Braze. Braze is trading at a lower price-to-earnings ratio than Magic Software Enterprises, indicating that it is currently the more affordable of the two stocks.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Braze	$738.18M	3.97	-$131.29M	-$1.12	N/A
Magic Software Enterprises	$603.22M	1.41	$36.88M	$0.81	21.46

Summary

Braze beats Magic Software Enterprises on 10 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding MGIC and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.

Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.

MGIC vs. The Competition

Export

Metric	Magic Software Enterprises	Software Industry	Technology Sector	NASDAQ Exchange
Market Cap	$853.36M	$15.43B	$29.33B	$12.89B
Dividend Yield	3.48%	3.45%	2.76%	10.03%
P/E Ratio	21.46	131.04	81.49	25.40
Price / Sales	1.41	1,289.78	597.52	114.39
Price / Cash	12.85	40.66	45.04	34.82
Price / Book	2.84	8.24	8.00	6.30
Net Income	$36.88M	$437.13M	$663.37M	$347.60M
7 Day Performance	N/A	1.79%	4.19%	2.53%
1 Month Performance	N/A	-0.52%	-1.81%	-2.57%
1 Year Performance	-16.64%	7.51%	151.09%	20.26%

Magic Software Enterprises Competitors List

Export

Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
MGIC Magic Software Enterprises	1.7596 of 5 stars	$17.38 flat	$18.00 +3.6%	N/A	$853.36M	$603.22M	21.46	3,787
WK Workiva	4.0526 of 5 stars	$59.21 +1.1%	$88.50 +49.5%	-27.6%	$3.32B	$925.59M	257.13	2,860	Positive News Gap Down
FRSH Freshworks	4.0992 of 5 stars	$11.46 +1.7%	$13.25 +15.7%	-7.2%	$3.16B	$838.81M	18.44	4,500
PONY Pony AI	2.1039 of 5 stars	$7.95 +0.1%	$19.95 +151.1%	-38.3%	$3.06B	$110.27M	N/A	1,669	Positive News Gap Up
AGYS Agilysys	3.6356 of 5 stars	$106.80 -0.8%	$123.60 +15.7%	-4.6%	$3.00B	$319.31M	70.38	2,413

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This page (NASDAQ:MGIC) was last updated on 8/4/2026 by MarketBeat.com Staff.

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Magic Software Enterprises (MGIC) Competitors

MGIC vs. WK, FRSH, PONY, AGYS, and BRZE

How does Magic Software Enterprises compare to Workiva?

Summary

How does Magic Software Enterprises compare to Freshworks?

Summary

How does Magic Software Enterprises compare to Pony AI?

Summary

How does Magic Software Enterprises compare to Agilysys?

Summary

How does Magic Software Enterprises compare to Braze?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

MGIC vs. The Competition

Magic Software Enterprises Competitors List

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Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

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Magic Software Enterprises (MGIC) Competitors

MGIC vs. WK, FRSH, PONY, AGYS, and BRZE

How does Magic Software Enterprises compare to Workiva?

Which has higher valuation and earnings, MGIC or WK?

Do analysts prefer MGIC or WK?

Do institutionals & insiders believe in MGIC or WK?

Which has more risk and volatility, MGIC or WK?

Does the media refer more to MGIC or WK?

Is MGIC or WK more profitable?

Summary

How does Magic Software Enterprises compare to Freshworks?

Does the media refer more to MGIC or FRSH?

Is MGIC or FRSH more profitable?

Which has preferable valuation and earnings, MGIC or FRSH?

Do analysts recommend MGIC or FRSH?

Do institutionals & insiders believe in MGIC or FRSH?

Which has more volatility and risk, MGIC or FRSH?

Summary

How does Magic Software Enterprises compare to Pony AI?

Does the media refer more to MGIC or PONY?

Is MGIC or PONY more profitable?

Which has preferable valuation and earnings, MGIC or PONY?

Do analysts recommend MGIC or PONY?

Do institutionals & insiders believe in MGIC or PONY?

Which has more volatility and risk, MGIC or PONY?

Summary

How does Magic Software Enterprises compare to Agilysys?

Do analysts recommend MGIC or AGYS?

Do insiders and institutionals believe in MGIC or AGYS?

Which has more volatility & risk, MGIC or AGYS?

Does the media refer more to MGIC or AGYS?

Is MGIC or AGYS more profitable?

Which has higher earnings and valuation, MGIC or AGYS?

Summary

How does Magic Software Enterprises compare to Braze?

Do analysts prefer BRZE or MGIC?

Do institutionals & insiders have more ownership in BRZE or MGIC?

Which has more risk and volatility, BRZE or MGIC?

Does the media refer more to BRZE or MGIC?

Is BRZE or MGIC more profitable?

Which has higher earnings & valuation, BRZE or MGIC?

Summary

New MarketBeat Followers Over Time

Media Sentiment Over Time

MGIC vs. The Competition

Magic Software Enterprises Competitors List

Related Companies and Tools

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools