Magic Software Enterprises/MGIC

$11.74

0.08%
-
1D1W1MYTD1YMAX

About Magic Software Enterprises

Magic Software Enterprises Ltd. is a provider of application development, business process integration platforms, vertical software solutions and related professional services. The Company is a vendor of information technology (IT) outsourcing services. Its software technology is used by customers to develop, deploy and integrate on premise, mobile and cloud-based business. It operates through two segments: software solutions and IT professional services. The software services segment includes software technology and complementary services. The IT professional services segment offers IT services in the areas of infrastructure design and delivery, application development, technology planning and implementation services, and communications services and solutions. Its product portfolio includes Magic xpa Application Platform, AppBuilder Application Platform and Magic xpi Integration Platform. Its vertical software packages include Leap, Hermes Solution, HR Pulse and MBS Solution.

Ticker

MGIC

Sector

Technology

Trading on

NASDAQ

Industry

Software & Programming

CEO

Guy Bernstein

Employees

4,161

Headquarters

Or yehuda, Israel

MGIC Metrics

BasicAdvanced
$582.83M
Market cap
15.57
P/E ratio
$0.75
EPS
1.14
Beta
$0.63
Dividend rate
5.34%
Dividend yield
$582.83M
1.13636
$14.82
$8.15
62.18K
$0.63
1.812
28.346
40.873
83.12%
14.686
13.29%
8.27%
14%
12.28%
15.573
1.089
2.167
11.832
10.207
2.97%
5.34%
5.34%
-5.6%
-8.48%
12.96%
13.67%
34.97%

What the Analysts think about MGIC

Analyst Ratings

Majority rating from 2 analysts.
Buy

Price Targets

Average projection from 1 analyst.
19.25% upside
High $14.00
Low $14.00
$11.74
Current price
$14.00
Average price target

MGIC Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
6.77% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$125.5M
-3.01%
Net income
$8.5M
19.72%
Profit margin
6.77%
23.54%

MGIC Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 25.98%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.26
$0.28
$0.21
$0.24
-
Expected
$0.27
$0.27
$0.26
$0.19
$0.21
Surprise
-1.89%
5.66%
-18.45%
25.98%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for Magic Software Enterprises stock?

Magic Software Enterprises (MGIC) has a market cap of $582.83M as of April 14, 2024.

What is the P/E ratio for Magic Software Enterprises stock?

The price to earnings (P/E) ratio for Magic Software Enterprises (MGIC) stock is 15.57 as of April 14, 2024.

Does Magic Software Enterprises stock pay dividends?

Yes, the Magic Software Enterprises (MGIC) stock pays dividends to shareholders. As of April 14, 2024, the dividend rate is $0.627 and the yield is 5.34%. Magic Software Enterprises has a payout ratio of 83.12% on a trailing twelve-month basis.

When is the next Magic Software Enterprises dividend payment date?

The next Magic Software Enterprises (MGIC) dividend payment date is unconfirmed.

What is the beta indicator for Magic Software Enterprises?

Magic Software Enterprises (MGIC) has a beta rating of 1.14. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the Magic Software Enterprises stock price target?

The target price for Magic Software Enterprises (MGIC) stock is $14, which is 19.25% above the current price of $11.74. This is an average based on projections from 1 analyst, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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