Magic Software Enterprises Ltd. (MGIC)

NASDAQ: MGIC · IEX Real-Time Price · USD
15.68
-0.04 (-0.25%)
Sep 27, 2022 3:35 PM EDT - Market open
-0.25%
Market Cap 766.43M
Revenue (ttm) 529.56M
Net Income (ttm) 31.63M
Shares Out 48.88M
EPS (ttm) 0.57
PE Ratio 27.51
Forward PE 23.92
Dividend $0.51 (3.23%)
Ex-Dividend Date Aug 29, 2022
Volume 9,971
Open 15.78
Previous Close 15.72
Day's Range 15.55 - 15.87
52-Week Range 15.08 - 25.49
Beta 1.21
Analysts Buy
Price Target 28.56 (+82.1%)
Earnings Date Nov 14, 2022

About MGIC

Magic Software Enterprises Ltd. 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 devel... [Read more...]

Industry Software
IPO Date Aug 28, 1991
CEO Guy Bernstein
Employees 3,677
Stock Exchange NASDAQ
Ticker Symbol MGIC
Full Company Profile

Financial Performance

In 2021, MGIC's revenue was $480.33 million, an increase of 29.40% compared to the previous year's $371.19 million. Earnings were $29.33 million, an increase of 16.46%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for MGIC stock is "Buy." The 12-month stock price forecast is 28.56, which is an increase of 82.14% from the latest price.

Price Target
$28.56
(82.14% upside)
Analyst Consensus: Buy
Stock Forecasts

News

5 Solid Stocks That Recently Announced a Dividend Hike

Westlake Corporation (WLK), Badger Mete (BMI), Vermilion Energy (VET), Magic Software Enterprises (MGIC) and CI Financial (CIXX) recently hiked their dividends.

Other symbols: BMICIXXVETWLK
1 month ago - Zacks Investment Research

Magic Software (MGIC) Q2 Earnings Miss Estimates

Magic Software (MGIC) delivered earnings and revenue surprises of -11.11% and 4.01%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Magic Software Reports Second Quarter 2022 Financial Results with Record Second Quarter Revenues of $137 Million, Ref...

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 ye...

1 month ago - GlobeNewsWire

Magic Software (MGIC) Upgraded to Buy: Here's What You Should Know

Magic Software (MGIC) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

4 months ago - Zacks Investment Research

Magic Software Announces Filing of 2021 Annual Report

PRESS RELEASE PRESS RELEASE

4 months ago - GlobeNewsWire

Magic Software (MGIC) Beats Q1 Earnings and Revenue Estimates

Magic Software (MGIC) delivered earnings and revenue surprises of 8.33% and 7.69%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

4 months ago - Zacks Investment Research

Magic Software Reports First Quarter 2022 Financial Results with Record-Breaking Revenues of $138.7 Million, Reflecti...

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-breaking ...

4 months ago - GlobeNewsWire

Magic Software (MGIC) Meets Q4 Earnings Estimates

Magic Software (MGIC) delivered earnings and revenue surprises of 0% and 5.98%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Magic Software Reports Fourth Quarter and Full Year 2021 Financial Results with Record-Breaking Annual Revenues of $4...

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

6 months ago - GlobeNewsWire

Magic Software Enterprises (MGIC) Sees Hammer Chart Pattern: Time to Buy?

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

9 months ago - Zacks Investment Research

Is Magic Software (MGIC) a Solid Growth Stock? 3 Reasons to Think " Yes "

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

9 months ago - Zacks Investment Research

Here's Why Momentum in Magic Software (MGIC) Should Keep going

Magic Software (MGIC) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

10 months ago - Zacks Investment Research

Magic Software (MGIC) Beats Q3 Earnings and Revenue Estimates

Magic Software (MGIC) delivered earnings and revenue surprises of 14.29% and 6.97%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

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

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

10 months ago - GlobeNewsWire

Magic Software (MGIC) to Report Q3 Results: Wall Street Expects Earnings Growth

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.

10 months ago - Zacks Investment Research

Magic Software (MGIC) Beats Q2 Earnings and Revenue Estimates

Magic Software (MGIC) delivered earnings and revenue surprises of 9.52% and 11.20%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

Magic Software Reports Second Quarter 2021 Financial Results with Record-Breaking Revenues for The Second Quarter of ...

Operating Income for the second quarter increased 29% year over year to $12.7 million; Non-GAAP operating income for the second quarter increased 30% year over year to $15.9 million

1 year ago - GlobeNewsWire

Magic Software (MGIC) Earnings Expected to Grow: What to Know Ahead of Q2 Release

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.

1 year ago - Zacks Investment Research

Magic Software Announces Filing of 2020 Annual Report

Or Yehuda, Israel, May 13, 2021 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms and IT cons...

1 year ago - GlobeNewsWire

Magic Software Reports First Quarter 2021 Financial Results

OR YEHUDA, Israel, May 10, 2021 (GLOBE NEWSWIRE) -- Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and application development platforms solutions a...

1 year ago - GlobeNewsWire

6 Top-Ranked Stocks to Pick With Stellar Net Profit Margins

Here are the six best-performing stocks with impressive net profit margins that can contribute toward making an enriching portfolio.

Other symbols: CCSCTRNPIPRTRTNVRTV
1 year ago - Zacks Investment Research

Magic Software to Announce First Quarter 2021 Financial Results on May 10, 2021

Or Yehuda, Israel, April 22, 2021 (GLOBE NEWSWIRE) --  Magic Software Enterprises Ltd. (NASDAQ and TASE: MGIC), a global provider of end-to-end integration and low-code application development platforms...

1 year ago - GlobeNewsWire

6 Top-Ranked Stocks With Impressive Net Profit Margins

Let's take a look at these six top-ranked stocks with solid net profit margins for a winning portfolio.

Other symbols: CTRNDECKMATXSEMVRTV
1 year ago - Zacks Investment Research

Magic Software Introduces FactoryEye, a Dynamic Industry 4.0 Solution for North American Manufacturers

OR YEHUDA, Israel and LAGUNA HILLS, Calif., April 19, 2021 /PRNewswire/ -- Magic Software Enterprises Ltd, (NASDAQ: MGIC) and (TASE: MGIC), a global provider of end-to-end integration platform solutions...

1 year ago - PRNewsWire

3 High-Yield Dividend Tech Stocks to Buy in April

These stocks pay big dividends and could offer some share-price upside, as well.

Other symbols: IBMLUMN
1 year ago - The Motley Fool