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 equities research analysts have issued twelve-month target prices for Magic Software Enterprises' stock. Their MGIC share price targets range from $14.00 to $14.00. On average, they anticipate the company's share price to reach $14.00 in the next year. This suggests a possible upside of 22.3% 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 start of the year. Since then, MGIC shares have increased by 18.2% and is now trading at $11.45. View the best growth stocks for 2024 here .

Are investors shorting Magic Software Enterprises?

Magic Software Enterprises saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 13,800 shares, a drop of 21.6% from the March 15th total of 17,600 shares. Based on an average daily trading volume, of 64,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold. View Magic Software Enterprises' Short Interest .

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) released its quarterly earnings data on Wednesday, March, 13th. The software maker reported $0.24 earnings per share for the quarter, beating 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 net margin of 6.92% and a trailing twelve-month return on equity of 17.33%.

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 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 $0.65 per share and currently has a dividend yield of 5.61%. MGIC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 86.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MGIC will have a dividend payout ratio of 67.01% 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 198,333 shares of MGIC stock, representing 2.12% 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 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) .

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 .

NASDAQ:MGIC

Magic Software Enterprises (MGIC) Stock Price, News & Analysis

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Free MGIC Stock Alerts

$11.45

-0.17 (-1.46%)

(As of 04/18/2024 ET)

Compare

Today's Range: $11.32
▼
$11.62
50-Day Range: $10.48
▼
$12.25
52-Week Range: $8.15
▼
$14.82

Volume: 59,289 shs
Average Volume: 64,245 shs
Market Capitalization: $562.08 million

P/E Ratio: 15.27
Dividend Yield: 5.68%
Price Target: $14.00

Get Magic Software Enterprises alerts:

Magic Software Enterprises MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 22.3% Upside
$14.00 Price Target
Short Interest: Healthy
0.05% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.33
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 4.30%
From $0.93 to $0.97 Per Share

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.

3.28 out of 5 stars

Computer And Technology Sector

266th out of 590 stocks

Prepackaged Software Industry

80th out of 190 stocks

2.5

Analyst's Opinion

Consensus Rating
Magic 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 Coverage
Magic Software Enterprises has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.05% of the float of Magic Software Enterprises has been sold short.
Short Interest Ratio / Days to Cover
Magic Software Enterprises has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Magic Software Enterprises has recently decreased by 21.59%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Magic Software Enterprises is a leading dividend payer. It pays a dividend yield of 5.61%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Magic Software Enterprises has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Magic Software Enterprises is 86.67%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on earnings estimates, Magic Software Enterprises will have a dividend payout ratio of 67.01% next year. This indicates that Magic Software Enterprises will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MGIC.

3.5

News and Social Media Coverage

News Sentiment
Magic Software Enterprises has a news sentiment score of 1.33. 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 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Magic Software Enterprises this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for MGIC on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
6 people have added Magic Software Enterprises to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Magic Software Enterprises insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.49% of the stock of Magic Software Enterprises is held by insiders.
Percentage Held by Institutions
Only 24.70% of the stock of Magic Software Enterprises is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The P/E ratio of Magic Software Enterprises is 15.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Magic Software Enterprises is 15.27, 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 265.23.
Price to Book Value per Share Ratio
Magic Software Enterprises has a P/B Ratio of 1.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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.

MGIC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MGIC Stock News Headlines

April 13, 2024 | americanbankingnews.com

Magic Software Enterprises (NASDAQ:MGIC) Shares Gap Down to $12.24

April 11, 2024 | americanbankingnews.com

Magic Software Enterprises (NASDAQ:MGIC) Shares Gap Up to $11.56

April 19, 2024 | InvestorPlace (Ad)

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April 9, 2024 | americanbankingnews.com

Datadog (NASDAQ:DDOG) & Magic Software Enterprises (NASDAQ:MGIC) Head-To-Head Review

April 3, 2024 | seekingalpha.com

The Bear's Case For Magic Software Enterprises

March 28, 2024 | barrons.com

Magic Software Enterprises Ltd.

March 16, 2024 | finance.yahoo.com

Magic Software Enterprises Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

March 15, 2024 | seekingalpha.com

Magic Software Enterprises Ltd. (MGIC) Q4 2023 Earnings Call Transcript

April 19, 2024 | InvestorPlace (Ad)

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March 15, 2024 | finance.yahoo.com

New Forecasts: Here's What Analysts Think The Future Holds For Magic Software Enterprises Ltd. (NASDAQ:MGIC)

March 14, 2024 | finance.yahoo.com

MGIC Mar 2024 7.500 put

March 14, 2024 | seekingalpha.com

Magic Software Q4 2023 Earnings Preview

March 13, 2024 | finanznachrichten.de

Magic Software Enterprises Ltd.: Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results

March 13, 2024 | benzinga.com

IT Consulting Services Firm Magic Software Enterprises Stock Soars On Wednesday - Here's Why

March 13, 2024 | globenewswire.com

Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results

February 28, 2024 | globenewswire.com

Magic Software to Announce Fourth Quarter and Full year 2023 Financial Results on March 13th, 2024

February 17, 2024 | morningstar.com

Magic Software Enterprises Ltd

January 31, 2024 | seekingalpha.com

MGIC Magic Software Enterprises Ltd.

January 24, 2024 | finance.yahoo.com

Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Stock Has Fared Decently: Is the Market Following Strong Financials?

January 23, 2024 | stocknews.com

POWR Income Stock of the Week: Magic Software Enterprises (MGIC)

December 22, 2023 | finance.yahoo.com

We Like These Underlying Return On Capital Trends At Magic Software Enterprises (NASDAQ:MGIC)

November 29, 2023 | finance.yahoo.com

The past year for Magic Software Enterprises (NASDAQ:MGIC) investors has not been profitable

November 15, 2023 | finance.yahoo.com

Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q3 2023 Earnings Call Transcript

November 15, 2023 | finance.yahoo.com

One Analyst Just Shaved Their Magic Software Enterprises Ltd. (NASDAQ:MGIC) Forecasts Dramatically

November 14, 2023 | benzinga.com

Magic Software: Q3 Earnings Insights

November 14, 2023 | finance.yahoo.com

Magic Software Reports Third Quarter 2023 Financial Results

November 13, 2023 | benzinga.com

Magic Software's Earnings: A Preview

See More Headlines

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Company Calendar

Last Earnings: 3/13/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/16/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:MGIC
CUSIP: N/A
CIK: 876779
Web: www.magicsoftware.com
Phone: (723) 538-9292
Fax: 972-3538-9333
Employees: 4,161
Year Founded: 1983

Price Target and Rating

Average Stock Price Target: $14.00
High Stock Price Target: $14.00
Low Stock Price Target: $14.00
Potential Upside/Downside: +22.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.75
Trailing P/E Ratio: 15.27
Forward P/E Ratio: 12.31
P/E Growth: N/A
Net Income: $37.09 million
Net Margins: 6.92%
Pretax Margin: 9.81%
Return on Equity: 17.33%
Return on Assets: 9.32%

Debt

Debt-to-Equity Ratio: 0.18
Current Ratio: 1.81
Quick Ratio: 1.76

Sales & Book Value

Annual Sales: $535.05 million
Price / Sales: 1.05
Cash Flow: $1.36 per share
Price / Cash Flow: 8.41
Book Value: $5.93 per share
Price / Book: 1.93

Miscellaneous

Outstanding Shares: 49,090,000
Free Float: 46,889,000
Market Cap: $562.08 million
Optionable: Optionable
Beta: 1.17

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Key Executives

Mr. Asaf Berenstin (Age 46)
Chief Financial Officer
Comp: $548k
Mr. Arik Kilman (Age 71)
Chairman of Software Solutions Division
Comp: $581k
Mr. Arik Faingold (Age 47)
President of Integration Solutions Division
Comp: $622k
Mr. Yakov Tsaroya (Age 54)
Chief Executive Officer of Coretech Consulting Group LLC, Fusion Solution LLC & Xsell Resources Inc.
Comp: $1.82M
Eli Schwartz
Chief 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: $259.88k
Ms. Karin Netzer
Chief Marketing Officer
Yael Ilan (Age 55)
Chief Executive Officer of Complete Business Solutions

Key Competitors

View All Competitors

Institutional Ownership

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 equities research analysts have issued twelve-month target prices for Magic Software Enterprises' stock. Their MGIC share price targets range from $14.00 to $14.00. On average, they anticipate the company's share price to reach $14.00 in the next year. This suggests a possible upside of 22.3% 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 start of the year. Since then, MGIC shares have increased by 18.2% and is now trading at $11.45.
View the best growth stocks for 2024 here.
Are investors shorting Magic Software Enterprises?: Magic Software Enterprises saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 13,800 shares, a drop of 21.6% from the March 15th total of 17,600 shares. Based on an average daily trading volume, of 64,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.
View Magic Software Enterprises' Short Interest.
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) released its quarterly earnings data on Wednesday, March, 13th. The software maker reported $0.24 earnings per share for the quarter, beating 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 net margin of 6.92% and a trailing twelve-month return on equity of 17.33%.
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 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 $0.65 per share and currently has a dividend yield of 5.61%. MGIC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 86.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, MGIC will have a dividend payout ratio of 67.01% 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 198,333 shares of MGIC stock, representing 2.12% 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 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).
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 4/19/2024 by MarketBeat.com Staff

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Magic Software Enterprises (MGIC) Stock Price, News & Analysis

Magic Software Enterprises MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Magic Software Enterprises Stock (NASDAQ:MGIC)

MGIC Stock Price History

MGIC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

MGIC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™