NASDAQ:MGIC Magic Software Enterprises (MGIC) Stock Price, News & Analysis → Charles Payne Demystifies Options (From Unstoppable Prosperity) (Ad) Free MGIC Stock Alerts $12.47 +0.06 (+0.48%) (As of 05/14/2024 ET) Add Compare Share Share Today's Range$12.36▼$12.4950-Day Range$10.48▼$12.4752-Week Range$8.15▼$14.82Volume36,494 shsAverage Volume59,849 shsMarket Capitalization$612.15 millionP/E Ratio16.63Dividend Yield2.65%Price Target$14.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Magic Software Enterprises alerts: Email Address Magic Software Enterprises MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside12.3% Upside$14.00 Price TargetShort InterestHealthy0.08% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment1.19Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth4.30%From $0.93 to $0.97 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.3.26 out of 5 starsComputer And Technology Sector853rd out of 1,797 stocksPrepackaged Software Industry271st out of 606 stocks 2.5 Analyst's Opinion Consensus RatingMagic Software Enterprises has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Amount of Analyst CoverageMagic Software Enterprises has only been the subject of 1 research reports in the past 90 days.Read more about Magic Software Enterprises' stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted0.08% of the float of Magic Software Enterprises has been sold short.Short Interest Ratio / Days to CoverMagic Software Enterprises has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Magic Software Enterprises has recently decreased by 19.92%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend YieldMagic Software Enterprises pays a meaningful dividend of 2.64%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMagic Software Enterprises has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Magic Software Enterprises is 44.00%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Magic Software Enterprises will have a dividend payout ratio of 34.02% next year. This indicates that Magic Software Enterprises will be able to sustain or increase its dividend.Read more about Magic Software Enterprises' dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MGIC. Previous Next 2.9 News and Social Media Coverage News SentimentMagic Software Enterprises has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Magic Software Enterprises this week, compared to 1 article on an average week.Search InterestOnly 1 people have searched for MGIC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Magic Software Enterprises insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 4.49% of the stock of Magic Software Enterprises is held by insiders.Percentage Held by InstitutionsOnly 24.70% of the stock of Magic Software Enterprises is held by institutions.Read more about Magic Software Enterprises' insider trading history. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Magic Software Enterprises are expected to grow by 4.30% in the coming year, from $0.93 to $0.97 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Magic Software Enterprises is 16.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.78.Price to Earnings Ratio vs. SectorThe P/E ratio of Magic Software Enterprises is 16.63, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 255.50.Price to Book Value per Share RatioMagic Software Enterprises has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Magic Software Enterprises' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyAmerica could fall from this eventAmerica’s “Internal Enemies” Exposed New documentary exposes a hidden election plan in Washington D.C. that, if successful, could be more financially and culturally devastating than the dot-com blowup of 2000, the 2008 financial crisis, or the COVID crash.Click here to see how you can protect yourself today. About Magic Software Enterprises Stock (NASDAQ:MGIC)Magic Software Enterprises Ltd. provides proprietary application development, vertical software solutions, business process integration, information technologies (IT) outsourcing software services, and cloud based 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. It also offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining business applications; Magic xpi for application integration; Magic xpi cloud native; FactoryEye for virtualization of production data; Magic Data Management and Analytics Platform for data management; and Magic SmartUX for cross-platform mobile business applications. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, the company provides software maintenance, support, training, and consulting services. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. The company was incorporated in 1983 and is headquartered in Or Yehuda, Israel.Read More MGIC Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MGIC Stock News HeadlinesMay 9, 2024 | americanbankingnews.comMagic Software Enterprises (NASDAQ:MGIC) Stock Crosses Above Two Hundred Day Moving Average of $10.49May 1, 2024 | investorplace.com7 Tech Stocks Blending Growth and Income for Maximum ReturnsApril 23, 2024 | businesswire.comMelanie McFaddin with Wiley Bros – Aintree Capital &Partners, LLC Represents Theoris, Inc. in its Acquisition by CoreTech Consulting Group, LLCApril 3, 2024 | seekingalpha.comThe Bear's Case For Magic Software EnterprisesMarch 28, 2024 | barrons.comMagic Software Enterprises Ltd.March 16, 2024 | finance.yahoo.comMagic Software Enterprises Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This YearMarch 15, 2024 | seekingalpha.comMagic Software Enterprises Ltd. (MGIC) Q4 2023 Earnings Call TranscriptMarch 15, 2024 | finance.yahoo.comNew Forecasts: Here's What Analysts Think The Future Holds For Magic Software Enterprises Ltd. (NASDAQ:MGIC)March 14, 2024 | finance.yahoo.comMGIC Mar 2024 7.500 putMarch 14, 2024 | seekingalpha.comMagic Software Q4 2023 Earnings PreviewMarch 13, 2024 | finanznachrichten.deMagic Software Enterprises Ltd.: Magic Software Reports Fourth Quarter and Full Year 2023 Financial ResultsMarch 13, 2024 | benzinga.comIT Consulting Services Firm Magic Software Enterprises Stock Soars On Wednesday - Here's WhyMarch 13, 2024 | globenewswire.comMagic Software Reports Fourth Quarter and Full Year 2023 Financial ResultsFebruary 28, 2024 | globenewswire.comMagic Software to Announce Fourth Quarter and Full year 2023 Financial Results on March 13th, 2024February 17, 2024 | morningstar.comMagic Software Enterprises LtdJanuary 31, 2024 | seekingalpha.comMGIC Magic Software Enterprises Ltd.January 24, 2024 | finance.yahoo.comMagic Software Enterprises Ltd.'s (NASDAQ:MGIC) Stock Has Fared Decently: Is the Market Following Strong Financials?January 23, 2024 | stocknews.comPOWR Income Stock of the Week: Magic Software Enterprises (MGIC)December 22, 2023 | finance.yahoo.comWe Like These Underlying Return On Capital Trends At Magic Software Enterprises (NASDAQ:MGIC)November 29, 2023 | finance.yahoo.comThe past year for Magic Software Enterprises (NASDAQ:MGIC) investors has not been profitableNovember 15, 2023 | finance.yahoo.comMagic Software Enterprises Ltd. (NASDAQ:MGIC) Q3 2023 Earnings Call TranscriptNovember 15, 2023 | finance.yahoo.comOne Analyst Just Shaved Their Magic Software Enterprises Ltd. (NASDAQ:MGIC) Forecasts DramaticallyNovember 14, 2023 | benzinga.comMagic Software: Q3 Earnings InsightsNovember 14, 2023 | finance.yahoo.comMagic Software Reports Third Quarter 2023 Financial ResultsNovember 13, 2023 | benzinga.comMagic Software's Earnings: A PreviewSee More Headlines Receive MGIC Stock 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. Email Address Company Calendar Last Earnings3/13/2024Today5/14/2024Next Earnings (Estimated)5/16/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Prepackaged software Sub-IndustryN/A Current SymbolNASDAQ:MGIC CUSIPN/A CIK876779 Webwww.magicsoftware.com Phone(723) 538-9292Fax972-3538-9333Employees4,161Year Founded1983Price Target and Rating Average Stock Price Target$14.00 High Stock Price Target$14.00 Low Stock Price Target$14.00 Potential Upside/Downside+12.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)$0.75 Trailing P/E Ratio16.53 Forward P/E Ratio13.33 P/E GrowthN/ANet Income$37.09 million Net Margins6.92% Pretax Margin9.81% Return on Equity17.33% Return on Assets9.32% Debt Debt-to-Equity Ratio0.18 Current Ratio1.81 Quick Ratio1.76 Sales & Book Value Annual Sales$535.05 million Price / Sales1.14 Cash Flow$1.39 per share Price / Cash Flow8.94 Book Value$5.93 per share Price / Book2.09Miscellaneous Outstanding Shares49,090,000Free Float46,889,000Market Cap$608.72 million OptionableOptionable Beta1.12 Social Links Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Asaf Berenstin (Age 46)Chief Financial Officer Comp: $548kMr. Arik Kilman (Age 71)Chairman of Software Solutions Division Comp: $581kMr. Arik Faingold (Age 47)President of Integration Solutions Division Comp: $622kMr. Yakov Tsaroya (Age 54)Chief Executive Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc. Comp: $1.82MEli SchwartzChief Executive Officer of Comblack I.T. Ltd.Mr. Guy Bernstein (Age 56)CEO & Director Mr. Yuval Lavi (Age 55)Chief Technology Officer Mr. Amit Birk (Age 53)VP of Mergers & Acquisitions, General Counsel & Corporate Secretary Comp: $259.88kMs. Karin NetzerChief Marketing OfficerYael Ilan (Age 55)Chief Executive Officer of Complete Business Solutions More ExecutivesKey CompetitorsBandwidthNASDAQ:BANDChangyou.ComNASDAQ:CYOUWeave CommunicationsNYSE:WEAVCognyte SoftwareNASDAQ:CGNTSecureWorksNASDAQ:SCWXView All CompetitorsInstitutional OwnershipCANADA LIFE ASSURANCE CoBought 13,469 shares on 5/14/2024Ownership: 0.031%Acadian Asset Management LLCSold 11,593 shares on 5/10/2024Ownership: 0.006%Edmond DE Rothschild Holding S.A.Sold 4,230 shares on 5/8/2024Ownership: 0.008%Naples Global Advisors LLCSold 8,380 shares on 4/30/2024Ownership: 0.539%Wellington Management Group LLPBought 11,010 shares on 3/5/2024Ownership: 1.392%View All Institutional Transactions MGIC Stock Analysis - Frequently Asked Questions Should I buy or sell Magic Software Enterprises stock right now? 1 Wall Street research 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 research analysts is that investors should "buy" MGIC shares. View MGIC analyst ratings or view top-rated stocks. What is Magic Software Enterprises' stock price target for 2024? 1 brokers have issued 1 year target prices for Magic Software Enterprises' stock. Their MGIC share price targets range from $14.00 to $14.00. On average, they predict the company's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 12.3% from the stock's current price. View analysts price targets for MGIC or view top-rated stocks among Wall Street analysts. How have MGIC shares performed in 2024? Magic Software Enterprises' stock was trading at $9.69 at the beginning of 2024. Since then, MGIC stock has increased by 28.7% and is now trading at $12.47. View the best growth stocks for 2024 here. When is Magic Software Enterprises' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 16th 2024. View our MGIC earnings forecast. How were Magic Software Enterprises' earnings last quarter? Magic Software Enterprises Ltd. (NASDAQ:MGIC) posted its earnings results on Wednesday, March, 13th. The software maker reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. The software maker had revenue of $125.55 million for the quarter, compared to the consensus estimate of $115 million. Magic Software Enterprises had a trailing twelve-month return on equity of 17.33% and a net margin of 6.92%. 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 Monday, August 14th. Shareholders of record on Wednesday, August 30th will be given a dividend of $0.327 per share on Wednesday, September 13th. This represents a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, August 29th. This is a boost from the stock's previous Semi-Annual dividend of $0.23. Read our dividend analysis for MGIC. Is Magic Software Enterprises a good dividend stock? Magic Software Enterprises (NASDAQ:MGIC) pays an annual dividend of $0.33 per share and currently has a dividend yield of 2.64%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MGIC will have a dividend payout ratio of 34.02% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MGIC. What ETF holds Magic Software Enterprises' stock? ARK Israel Innovative Technology ETF holds 183,254 shares of MGIC stock, representing 2.23% of its portfolio. What guidance has Magic Software Enterprises issued on next quarter's earnings? Magic Software Enterprises issued an update on its FY 2024 earnings guidance on Wednesday, March, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $540.0 million-$550.0 million, compared to the consensus revenue estimate of $473.8 million. What is Guy Bernstein's approval rating as Magic Software Enterprises' CEO? 13 employees have rated Magic Software Enterprises Chief Executive Officer Guy Bernstein on Glassdoor.com. Guy Bernstein has an approval rating of 61% among the company's 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), Block (SQ), Tesla (TSLA), Trade Desk (TTD), AbbVie (ABBV), Applied Materials (AMAT) and Alibaba Group (BABA). Who are Magic Software Enterprises' major shareholders? Magic Software Enterprises' stock is owned by a variety of institutional and retail investors. Top institutional investors include Naples Global Advisors LLC (0.54%), CANADA LIFE ASSURANCE Co (0.03%), Edmond DE Rothschild Holding S.A. (0.01%) and Acadian Asset Management LLC (0.01%). How do I buy shares of Magic Software Enterprises? Shares of MGIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:MGIC) was last updated on 5/14/2024 by MarketBeat.com Staff From Our PartnersDid Intel Just Dethrone Nvidia?Chaikin AnalyticsCharles Payne Demystifies OptionsUnstoppable ProsperityRevolutionizing the Green Energy Space and Building Shareholder Value Along the WaySmall Cap SniperTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsForget Bitcoin. Crypto Millionaire Predicts 8,788% Gains For THISParadigm PressElon to Transform U.S. Economy? Porter & CompanyThe only AI company you should be looking atBehind the Markets Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Magic Software Enterprises Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. 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