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Magic Software Enterprises Ltd. (MGIC)

Stock Price: $16.16 USD 0.55 (3.52%)
Updated Mar 1, 2021 4:00 PM EST - Market closed
Market Cap 829.17M
Revenue (ttm) 325.63M
Net Income (ttm) 20.27M
Shares Out 48.86M
EPS (ttm) 0.33
PE Ratio 48.53
Forward PE 19.53
Dividend $0.26
Dividend Yield 1.58%
Trading Day March 1
Last Price $16.16
Previous Close $15.61
Change ($) 0.55
Change (%) 3.52%
Day's Open 16.09
Day's Range 15.90 - 16.26
Day's Volume 22,670
52-Week Range 6.20 - 18.35

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Zacks Investment Research - 8 hours ago

Magic Software (MGIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research - 1 month ago

Magic Software (MGIC) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

Zacks Investment Research - 1 month ago

Magic Software Enterprises (MGIC) has been struggling lately, but the selling pressure may be coming to an end soon.

Seeking Alpha - 3 months ago

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 3 months ago

Magic Software (MGIC) delivered earnings and revenue surprises of 11.76% and 7.22%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

GlobeNewsWire - 3 months ago

Non-GAAP operating income for the third quarter increased 21% year over year to a record breaking $14.2 million Non-GAAP operating income for the third quarter increased 21% year over year to ...

GlobeNewsWire - 4 months ago

Or Yehuda, Israel, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development p...

Zacks Investment Research - 5 months ago

Magic Software (MGIC) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Zacks Investment Research - 5 months ago

Magic Software (MGIC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Zacks Investment Research - 5 months ago

As of late, it has definitely been a great time to be an investor in Magic Software Enterprises.

Zacks Investment Research - 6 months ago

Does Magic Software (MGIC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Zacks Investment Research - 6 months ago

Magic Software (MGIC) could produce exceptional returns because of its solid growth attributes.

Seeking Alpha - 6 months ago

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 6 months ago

Magic Software (MGIC) delivered earnings and revenue surprises of 13.33% and 1.19%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Benzinga - 6 months ago

Shares of Magic Software (NASDAQ:MGIC) rose 2.5% in pre-market tradinafter the company reported Q2 results.

Zacks Investment Research - 6 months ago

Magic Software (MGIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

GlobeNewsWire - 7 months ago

Or Yehuda, Israel, July 28, 2020 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development...

GlobeNewsWire - 7 months ago

Or Yehuda, Israel, July 28, 2020 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development...

Zacks Investment Research - 8 months ago

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to th...

Zacks Investment Research - 8 months ago

The Nasdaq topped the 10,000 mark on Jun 9 for the first time ever on a day after its first record closing high since Feb 19, 2020. Investors should capitalize on this and pick solid tech stocks.

Other stocks mentioned: ACIA, AMKR, ETSY, NVDA
Zacks Investment Research - 8 months ago

Selecting breakout stocks continue to be one of the most popular methods utilized by active investors.

Other stocks mentioned: ATXI, CALX, ECOM
Seeking Alpha - 9 months ago

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q1 2020 Results - Earnings Call Transcript

Benzinga - 9 months ago

Shares of Magic Software (NASDAQ:MGIC) rose 6.2% in pre-market trading after the company reported Q1 results.

GlobeNewsWire - 9 months ago

Or Yehuda, Israel, May 26, 2020 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms...

Zacks Investment Research - 9 months ago

Magic Software (MGIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

GlobeNewsWire - 9 months ago

Or Yehuda, Israel, May 14, 2020 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms...

Zacks Investment Research - 11 months ago

Let's see if Magic Software's (JCOM) stock is a good choice for value-oriented investors right now from multiple angles.

Seeking Alpha - 11 months ago

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q4 2019 Results - Earnings Call Transcript

Benzinga - 11 months ago

Shares of Magic Software (NASDAQ:MGIC) rallied 10.27% to $8.21 after the company reported Q4 results.

Zacks Investment Research - 11 months ago

Magic Software (MGIC) delivered earnings and revenue surprises of -7.14% and 8.96%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

Magic Software (MGIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research - 1 year ago

The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do?

Other stocks mentioned: EV, LM
Seeking Alpha - 1 year ago

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Magic Software (MGIC) delivered earnings and revenue surprises of 13.33% and 7.24%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

The traditional ways to plan for your retirement may mean income can no longer cover expenses post-employment. But what if there was another option that could provide a steady, reliable source...

Other stocks mentioned: OFC, PDM
Seeking Alpha - 1 year ago

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q2 2019 - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Magic Software (MGIC) delivered earnings and revenue surprises of 0.00% and 0.67%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

Magic Software (MGIC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Seeking Alpha - 1 year ago

Magic Software Enterprises Ltd. (MGIC) CEO Guy Bernstein on Q1 2019 Results - Earnings Call Transcript

About MGIC

Magic Software Enterprises provides proprietary application development, business process integration, vertical software solutions, and information technologies (IT) outsourcing software 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 developmen... [Read more...]

Industry
Software-Application
IPO Date
Aug 28, 1991
CEO
Guy Bernstein
Employees
2,640
Stock Exchange
NASDAQ
Ticker Symbol
MGIC
Full Company Profile

Financial Performance

In 2019, MGIC's revenue was $325.63 million, an increase of 14.51% compared to the previous year's $284.38 million. Earnings were $20.27 million, an increase of 1.93%.

Financial Statements

Analyst Forecasts

According to 3 analysts, the average rating for MGIC stock is "Buy." The 12-month stock price forecast is 17.25, which is an increase of 6.75% from the latest price.

Price Target
$17.25
(6.75% upside)
Analyst Consensus: Buy