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Magic Software Enterprises Ltd. (MGIC)

NASDAQ: MGIC · IEX Real-Time Price · USD
21.52 0.52 (2.48%)
Oct 25, 2021 4:00 PM EDT - Market closed
Market Cap1.06B
Revenue (ttm)371.19M
Net Income (ttm)25.19M
Shares Out49.04M
EPS (ttm)0.56
PE Ratio38.43
Forward PE23.31
Dividend$0.44 (2.06%)
Ex-Dividend DateAug 27, 2021
Volume13,293
Open21.21
Previous Close21.00
Day's Range21.12 - 21.60
52-Week Range12.07 - 22.05
Beta1.37
AnalystsBuy
Price Target17.25 (-19.8%)
Est. Earnings DateNov 15, 2021

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...

IndustrySoftware
IPO DateAug 28, 1991
CEOGuy Bernstein
Employees3,039
Stock ExchangeNASDAQ
Ticker SymbolMGIC
Full Company Profile

Financial Performance

In 2020, MGIC's revenue was $371.19 million, an increase of 13.99% compared to the previous year's $325.63 million. Earnings were $25.19 million, an increase of 24.28%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for MGIC stock is "Buy." The 12-month stock price forecast is 17.25, which is a decrease of -19.84% from the latest price.

Price Target
$17.25
(-19.84% downside)
Analyst Consensus: Buy

News

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?

2 months 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

2 months 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.

2 months 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...

5 months ago - GlobeNewsWire

Magic Software (MGIC) Beats Q1 Earnings and Revenue Estimates

Magic Software (MGIC) delivered earnings and revenue surprises of 5.00% and 4.99%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

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...

5 months 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
5 months 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...

6 months 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
6 months 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...

6 months 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
6 months ago - The Motley Fool

3 Reasons Why Magic Software (MGIC) Is a Great Growth Stock

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

6 months ago - Zacks Investment Research

3 Reasons Why Growth Investors Shouldn't Overlook Magic Software (MGIC)

Magic Software (MGIC) possesses solid growth attributes, which could help it handily outperform the market.

7 months ago - Zacks Investment Research

Magic Software (MGIC) Q4 Earnings and Revenues Top Estimates

Magic Software (MGIC) delivered earnings and revenue surprises of 10.53% and 10.48%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

7 months ago - Zacks Investment Research

Magic Software: Q4 Earnings Insights

Shares of Magic Software (NASDAQ:MGIC) rose 5.0% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 61.54% year over year to $0.21, which beat the ...

7 months ago - Benzinga

Magic Reports Fourth Quarter and Full Year 2020 Financial Results with Record-Breaking Annual Revenues of $371.2 mill...

Operating income for the year increased 21% year over year to $40.6 million; Non-GAAP operating income for the year increased 20% year over year to $52.6 million Operating income for the year increased ...

7 months ago - GlobeNewsWire

Preview: Magic Software's Earnings

On Monday, March 08, Magic Software (NASDAQ:MGIC) will report its last quarter's earnings. Here is Benzinga's preview of the company's release.

7 months ago - Benzinga

Magic Software (MGIC) Earnings Expected to Grow: Should You Buy?

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.

7 months ago - Zacks Investment Research

Magic Software (MGIC) Looks Good: Stock Adds 6.8% in Session

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

9 months ago - Zacks Investment Research

Magic Software (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

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

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

11 months ago - Seeking Alpha

Magic Software (MGIC) Q3 Earnings and Revenues Top Estimates

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?

11 months ago - Zacks Investment Research

Magic Reports Third Quarter 2020 Financial Results with Both Record-Breaking Revenues of $95 million, reflecting a 11...

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 a record b...

11 months ago - GlobeNewsWire

Magic to Announce Third Quarter 2020 Financial Results on November 16, 2020

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 platforms a...

1 year ago - GlobeNewsWire

3 Reasons Why Magic Software (MGIC) Is a Great Growth Stock

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

1 year ago - Zacks Investment Research