Magic Software Enterprises Ltd. (MGIC)

Market Cap	591.16M
Revenue (ttm)	535.48M
Net Income (ttm)	34.74M
Shares Out	49.10M
EPS (ttm)	0.70
PE Ratio	17.22
Forward PE	12.30
Dividend	$0.20 (1.69%)
Ex-Dividend Date	Jun 27, 2024

Volume	70,611
Open	11.70
Previous Close	11.90
Day's Range	11.70 - 12.30
52-Week Range	9.38 - 13.40
Beta	1.10
Analysts	Buy
Price Target	15.00 (+24.59%)
Earnings Date	Nov 18, 2024

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 in Israel and internationally. Its Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services. The company’s IT Professional Services segment offers IT services in the areas of infrastructure design and deliv...

• Industry: Information Technology Services
• Sector: Technology
• IPO Date: Aug 28, 1991
• Employees: 3,628
• Stock Exchange: NASDAQ
• Ticker Symbol: MGIC
• Website: https://www.magicsoftware.com

Financial Performance

In 2023, MGIC's revenue was $535.05 million, a decrease of -5.60% compared to the previous year's $566.79 million. Earnings were $37.03 million, a decrease of -8.50%.

Analyst Forecast

According to one analyst, the rating for MGIC stock is "Buy" and the 12-month stock price forecast is $15.0.

Price Target

$15.0

(24.59% upside)

Analyst Consensus: Buy