Magic Software Enterprises Ltd. (MGIC)

Feb 24, 2026 - MGIC was delisted (reason: merged with Matrix I.T)
17.38
0.00 (0.00%)
Inactive · Last trade price on Feb 23, 2026
Market Cap853.35M +32.1%
Revenue (ttm)603.22M +12.6%
Net Income39.88M +14.8%
EPS0.81 +16.2%
Shares Out 49.10M
PE Ratio21.40
Forward PE15.13
Dividend$0.60 (3.48%)
Ex-Dividend DateDec 15, 2025
Volume146,011
Open17.96
Previous Closen/a
Day's Range17.25 - 18.29
52-Week Range11.65 - 28.00
Beta0.75
AnalystsBuy
Price Target18.00 (+3.57%)
Earnings DateMar 11, 2026

About 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 worldwide. It operates in two segments, Software Services and IT Professional Services. The Software Services segment develops, markets, sells, and supports proprietary and non-proprietary application platforms, software applications, business and process integration solutions, and related services. Its IT Professional Servic... [Read more]

Sector Technology
IPO Date Aug 28, 1991
Employees 3,800
Stock Exchange NASDAQ
Ticker Symbol MGIC
Full Company Profile

Financial Performance

In 2024, MGIC's revenue was $552.52 million, an increase of 3.26% compared to the previous year's $535.05 million. Earnings were $36.88 million, a decrease of -0.40%.

Financial Statements

Analyst Summary

According to 2 analysts, the average rating for MGIC stock is "Buy." The 12-month stock price target is $18.0, which is an increase of 3.57% from the latest price.

Price Target
$18.0
(3.57% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Magic Software Reports Third quarter 2025 Financial Results with Record-Braking Revenues of $161.7$ million – a 13.1% Year Over Year Increase

Operating income for the third quarter increased 13.6 % year over year to a third quarter record-braking result of $ 17 . 1 million; Non-GAAP operating income for the third quarter increased by 8.1% y...

4 months ago - GlobeNewsWire

Magic Software Stock: Rally Extends, Upside Potential Remains

Magic Software MGIC has been rallying since November 2024, and the move has only strengthened in recent months. In this article, we break down what triggered the rally under the lens of the Adhishthan...

7 months ago - Benzinga

Magic Software Reports Second Quarter and First Half 2025 Financial Results

OR YEHUDA, Israel, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and...

7 months ago - GlobeNewsWire

Magic Software Reports First Quarter 2025 Financial Results

OR YEHUDA, Israel, May 21, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and ...

10 months ago - GlobeNewsWire

Magic Software Files Annual Report on Form 20-F for the Year Ended December 31, 2024

OR YEHUDA, Israel, May 19, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (Nasdaq and TASE: MGIC) (“Magic Software” or the “Company”), a global provider of IT consulting services and end-to-...

10 months ago - GlobeNewsWire

Magic Software Reports Fourth Quarter and Full Year 2024 Financial Results

OR YEHUDA, Israel, March 11, 2025 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration an...

1 year ago - GlobeNewsWire

Magic Software Reports Third Quarter and First Nine Months Period Ended September 30, 2024 Financial Results

OR YEHUDA, Israel, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and...

1 year ago - GlobeNewsWire

Magic Software Reports Second Quarter and First Half 2024 Financial Results

OR YEHUDA, Israel, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and...

1 year ago - GlobeNewsWire

Magic Software to Announce 2024 Second Quarter Financial Results on August 14th, 2024

Or Yehuda, Israel, July 22, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT consulting services and end-to-end integration and low-code applic...

1 year ago - GlobeNewsWire

CORRECTION: Magic Software Reports First Quarter 2024 Financial Results

OR YEHUDA, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), please note that the company h...

2 years ago - GlobeNewsWire

Magic Software Reports First Quarter 2024 Financial Results

OR YEHUDA, Israel, May 16, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and ...

2 years ago - GlobeNewsWire

Melanie McFaddin with Wiley Bros – Aintree Capital &Partners, LLC Represents Theoris, Inc. in its Acquisition by CoreTech Consulting Group, LLC

NASHVILLE, Tenn.--(BUSINESS WIRE)--Melanie McFaddin, representative of Wiley Bros – Aintree Capital &Partners, LLC (“WBAC”) is pleased to announce its representation of Theoris, Inc. (“Theoris” and th...

2 years ago - Business Wire

Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results

OR YEHUDA, Israel, March 13, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration an...

2 years ago - GlobeNewsWire

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

Or Yehuda, Israel, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of IT consulting services and end-to-end integration and low-code applic...

2 years ago - GlobeNewsWire

Magic Software Reports Third Quarter 2023 Financial Results

OR YEHUDA, Israel, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (“the Company”), a global provider of IT consulting services and end-to-end integration and...

2 years ago - GlobeNewsWire

MAGIC SOFTWARE ANNOUNCES SELECTED PRELIMINARY THIRD QUARTER 2023 FINANCIAL RESULTS

Company will announce results for the third quarter of 2023 on November 14, 2023 Or Yehuda, Israel, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC) (the “Comp...

2 years ago - GlobeNewsWire

Magic Software Reports Second Quarter 2023 Financial Results

Revenues for the second quarter of 2023 increased by approximately 0.4 % to a record-breaking second quarter result of $ 137 . 6  million and 4.4% on a constant currency basis , compared to $ 137 . 0 ...

2 years ago - GlobeNewsWire

Magic Software Reports First Quarter 2023 Financial Results

Revenues for the first quarter of 2023 increased by approximately 3% to a record-breaking first quarter result of $142.4 million, compared to $138.7 million in the same period of the previous year Rev...

3 years ago - GlobeNewsWire

Magic Software Reports Fourth Quarter and Full Year 2022 Financial Results with Record-Breaking Full Year 2022 Results Recorded Across All Key Financial Indices (Revenues, Gross Profit, Operating Income and Net Income)

Net income for the year increased by 38.6% year over year to a record-breaking result of $40.7 million; non-GAAP net income for the year increased by 13% year over year to a record-breaking result of ...

3 years ago - GlobeNewsWire

Magic Software Reports Third Quarter 2022 Financial Results with Record Breaking Revenues of $144 Million, Reflecting a 19% Year-Over-Year Growth. Net income reached a record-breaking $11.5 Million, Reflecting 53% Year-Over-Year Growth

Operating income for the third quarter increased by 34% year-over-year to a record-breaking result of $16.1 million; Non-GAAP operating income for the third quarter increased by 14% year-over-year to ...

3 years ago - GlobeNewsWire

Magic Software Reports Second Quarter 2022 Financial Results with Record Second Quarter Revenues of $137 Million, Reflecting a 15% Year Over Year Growth

Operating income for the second quarter increased by 16% year over year to a record second quarter result of $14.7 million; Non-GAAP operating income for the second quarter increased by 10% year over ...

3 years ago - GlobeNewsWire

Magic Software Announces Filing of 2021 Annual Report

PRESS RELEASE PRESS RELEASE

4 years ago - GlobeNewsWire

Magic Software Reports First Quarter 2022 Financial Results with Record-Breaking Revenues of $138.7 Million, Reflecting 29.3% Year Over Year Growth

Operating income for the first quarter increased 31% year over year to a record breaking $15.9 million; Non-GAAP operating income for the first quarter increased 26% year over year to a record-breakin...

4 years ago - GlobeNewsWire

Magic Software Reports Fourth Quarter and Full Year 2021 Financial Results with Record-Breaking Annual Revenues of $480.3 Million Reflecting 29.4% Year Over Year Growth

Operating income for the year increased 26.2% year over year to a record breaking $51.2 million; Non-GAAP operating income for the year increased 27% year over year to a record-breaking $66.8 million

4 years ago - GlobeNewsWire

Magic Software Reports Third Quarter 2021 Financial Results with Record-Breaking Revenues of $120.9 million - a 27.4% Year Over Year Increase

Operating income for the third quarter increased 9% year over year to $12.0 million; Non-GAAP operating income for the third quarter increased 14% year over year to a record-breaking $16.2 million

4 years ago - GlobeNewsWire