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Market Cap 629.92M P/E 15.49 EPS this Y -6.10% Ern Qtrly Grth -14.10%
Income 37.03M Forward P/E 10.76 EPS next Y 4.30% 50D Avg Chg -1.00%
Sales 535.05M PEG 1.25 EPS past 5Y 15.97% 200D Avg Chg -13.00%
Dividend N/A Price/Book 2.44 EPS next 5Y 10.00% 52W High Chg -37.00%
Recommedations - Quick Ratio 1.81 Shares Outstanding 49.10M 52W Low Chg 13.00%
Insider Own 46.64% ROA 6.96% Shares Float 25.97M Beta 1.15
Inst Own 20.21% ROE 14.99% Shares Shorted/Prior 13.81K/32.29K Price 12.70
Gross Margin 28.59% Profit Margin 6.92% Avg. Volume 23,077 Target Price -
Oper. Margin 10.23% Earnings Date Apr 29 Volume 19,330 Change -0.55%
About Magic Software Enterprises Ltd.

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. 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 development, technology planning and implementation services, communications services and solutions, and supplemental outsourcing services. It also offers proprietary application platforms, such as Magic xpa for developing and deploying business applications; AppBuilder for building, deploying, and maintaining business applications; Magic xpi for application integration; Magic xpi cloud native; FactoryEye for virtualization of production data; Magic Data Management and Analytics Platform for data management; and Magic SmartUX for cross-platform mobile business applications. It also provides vertical software solutions comprising Clicks, a software solution for healthcare providers; Leap, a software solution for business support systems; Hermes Cargo, a packaged software solution for managing air cargo ground handling; HR Pulse, a single-tenant software as a service tool; MBS Solution, a system for managing TV broadcast management; Nativ, a system for management of rehabilitation centers; and Mobisale, a system for sales and distribution field activities for consumer goods manufacturers and wholesalers. In addition, the company provides software maintenance, support, training, and consulting services. The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991. The company was incorporated in 1983 and is headquartered in Or Yehuda, Israel.

Magic Software Enterprises Ltd. News
03/26/24 13 Best Affordable Tech Stocks To Buy According to Analysts
03/16/24 Magic Software Enterprises Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
03/15/24 Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q4 2023 Earnings Call Transcript
03/15/24 New Forecasts: Here's What Analysts Think The Future Holds For Magic Software Enterprises Ltd. (NASDAQ:MGIC)
03/13/24 Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results
02/28/24 Magic Software to Announce Fourth Quarter and Full year 2023 Financial Results on March 13th, 2024
02/18/24 Is There Now An Opportunity In Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
01/24/24 Magic Software Enterprises Ltd.'s (NASDAQ:MGIC) Stock Has Fared Decently: Is the Market Following Strong Financials?
01/08/24 While individual investors own 30% of Magic Software Enterprises Ltd. (NASDAQ:MGIC), public companies are its largest shareholders with 46% ownership
12/22/23 We Like These Underlying Return On Capital Trends At Magic Software Enterprises (NASDAQ:MGIC)
11/29/23 The past year for Magic Software Enterprises (NASDAQ:MGIC) investors has not been profitable
11/15/23 Magic Software Enterprises Ltd. (NASDAQ:MGIC) Q3 2023 Earnings Call Transcript
11/15/23 One Analyst Just Shaved Their Magic Software Enterprises Ltd. (NASDAQ:MGIC) Forecasts Dramatically
11/14/23 Magic Software Reports Third Quarter 2023 Financial Results
11/08/23 MAGIC SOFTWARE ANNOUNCES SELECTED PRELIMINARY THIRD QUARTER 2023 FINANCIAL RESULTS
09/10/23 Is Now An Opportune Moment To Examine Magic Software Enterprises Ltd. (NASDAQ:MGIC)?
08/24/23 There's A Lot To Like About Magic Software Enterprises' (NASDAQ:MGIC) Upcoming US$0.33 Dividend
08/17/23 Magic Software Enterprises (NASDAQ:MGIC) Is Paying Out A Larger Dividend Than Last Year
08/14/23 Could The Market Be Wrong About Magic Software Enterprises Ltd. (NASDAQ:MGIC) Given Its Attractive Financial Prospects?
08/14/23 Magic Software Reports Second Quarter 2023 Financial Results
MGIC Chatroom

User Image Stock_Titan Posted - 1 day ago

$MGIC Melanie McFaddin with Wiley Bros – Aintree Capital &Partners, LLC Represents Theoris, Inc. in its Acquisition by CoreTech Consulting Group, LLC https://www.stocktitan.net/news/MGIC/melanie-mc-faddin-with-wiley-bros-aintree-capital-amp-partners-llc-naupga8fdrlk.html

User Image ShomedaMunny Posted - 1 week ago

$MGIC in at 11.79

User Image erevnon Posted - 1 month ago

Barclays maintains Magic Software $MGIC at Overweight and raises the price target from $13 to https://marketsblock.com/stock-upgrades-and-downgrades/

User Image DonCorleone77 Posted - 1 month ago

$MGIC Magic Software sees 2024 revenue $540M-$550M Magic is introducing 2024 annual revenue guidance of between $540 million and $550 million. Measured against Magic Software's annualized 2023 fourth quarter revenue on a go-forward basis, the 2024 annual revenue guidance reflects an annual growth of 7.5% to 9.5%.

User Image DonCorleone77 Posted - 1 month ago

$MGIC Magic Software reports Q4 EPS 24c vs. 27c last year Reports Q4 revenue $125.5M vs. $147.1M last year. Guy Bernstein, Chief Executive Officer of Magic Software, said: "Despite the slowdown we faced during the second half of the year resulting from the headwind facing by some of our customers in certain sectors in the U.S., we remain positive that the vast majority of our customers will continue to value our unique proposition and resume to engage us to an increasing degree as a preferred partner for innovative digital transformation initiatives. Fueled by a well-diversified investment portfolio, we persistently pursue both organic and inorganic avenues of expansion across our service lines. Embracing innovation as our guiding principle, we eagerly anticipate the fruition of our ongoing efforts in cultivating cutting-edge capabilities that are poised to propel us toward sustained, long-term profitability, thereby delivering enduring value to our esteemed shareholders....

User Image epsguid Posted - 1 month ago

$MGIC reported earnings of $0.24, consensus was $0.20 via @eWhispers #epsbeat http://eps.sh/d/mgic

User Image Stock_Titan Posted - 1 month ago

$MGIC Magic Software Reports Fourth Quarter and Full Year 2023 Financial Results https://www.stocktitan.net/news/MGIC/magic-software-reports-fourth-quarter-and-full-year-2023-financial-itwdrebgmj9x.html

User Image Stock_Titan Posted - 02/28/24

$MGIC Magic Software to Announce Fourth Quarter and Full year 2023 Financial Results on March 13th, 2024 https://www.stocktitan.net/news/MGIC/magic-software-to-announce-fourth-quarter-and-full-year-2023-wymdfphg2phl.html

User Image thayford Posted - 2 months ago

$MGIC 9.71 average

User Image StockAutomatePro Posted - 3 months ago

$MGIC Stock market is looking optimistic based on the chart. We alerted the BUY signal at $9.9 and we were able to close this one with profit at $10.82 🎯

User Image StockAutomatePro Posted - 3 months ago

$MGIC Stock is headed for a rally according to the chart. We alerted the BUY signal at $9.96 and we were able to close this one with profit at $10.7 🔏

User Image tickeron Posted - 3 months ago

How does this affect your portfolio? $MGIC price may drop as it broke higher Bollinger Band. View odds of downtrend. https://srnk.us/go/4972056

User Image StockAutomatePro Posted - 3 months ago

$MGIC Stock may be headed for a surge according to the chart. We alerted the BUY signal at $9.84 and we were able to close this one with profit at $10.42 🎯

User Image TalkMarkets Posted - 3 months ago

Will #MagicSoftware Cut Its 6.7% #Dividend Yield? $MGIC https://talkmarkets.com/content/stocks--equities/will-magic-software-cut-its-67-dividend-yield?post=426686

User Image tickeron Posted - 3 months ago

A.I.dvisor is predicting $MGIC is about to fall. View odds of downtrend. https://srnk.us/go/4950641

User Image tickeron Posted - 3 months ago

A.I.dvisor is predicting $MGIC is about to move higher. View odds of uptrend. https://srnk.us/go/4950633

User Image TradewithBri Posted - 4 months ago

$MGIC needs to hold above 1.26 for continuation

User Image StockAutomatePro Posted - 11/29/23

$MGIC Stock market is looking optimistic based on the chart. We alerted the BUY signal at $8.65 and we were able to close this one with profit at $9.385 💖

User Image tickeron Posted - 11/28/23

Do you agree with the A.I. prediction? $MGIC MACD Histogram turned positive on November 27, 2023. View odds of downtrend. https://srnk.us/go/4927474

User Image swingingtech Posted - 5 months ago

$SQM, $SBSW, $MGIC, $NYCB https://wallstreetwaves.com/56-delicious-december-value-buys-from-ben-grahams-formula/

User Image tickeron Posted - 5 months ago

A.I.dvisor made a bearish call on $MGIC, netting in a 18.15% gain over 2 weeks https://srnk.us/go/4920371

User Image cctranscripts Posted - 5 months ago

Check out answers advanced concerning $MGIC call (transcript) https://conferencecalltranscripts.com/summary/?id=534988&pr=true

User Image risenhoover Posted - 5 months ago

$MGIC / Magic Software Enterprises files form 6-K https://fintel.io/doc/sec-magic-software-enterprises-ltd-876779-6k-2023-november-14-19675-4916?utm_source=stocktwits.com&utm_medium=referral&utm_campaign=filing

User Image DonCorleone77 Posted - 5 months ago

$MGIC Magic Software reports Q3 adjusted EPS 21c vs 28c last year Reports Q3 revenue $129.5M vs $144M last year. Guy Bernstein, Chief Executive Officer of Magic Software, said: "Despite the slowdown we faced resulting from the headwind facing by some of our customers in certain sectors, we remain positive that the vast majority of our customers continue to value our unique proposition. We acknowledge that while short-term conditions are not ideal, we are nevertheless optimistic that in 2024, once the major part of the war is behind us, and our Israeli customers return to full operations, they will resume to engage us to an increasing degree as a preferred partner for innovative digital transformation initiatives. We have a well-established track record of growth, profitability, and high cash generation and the Magic team worldwide is committed to executing our strategy to return and deliver future sustainable growth and continue improving our shareholders' value."

User Image epsguid Posted - 5 months ago

$MGIC reported earnings of $0.21, consensus was $0.26 via @eWhispers #epsmiss http://eps.sh/d/mgic

User Image tickeron Posted - 5 months ago

Magic Software Enterprises Ltd to report earnings on November 14, 2023. Earnings per share (EPS) estimate: $0.27 $MGIC https://srnk.us/go/4914027

User Image tickeron Posted - 5 months ago

What do you think of this? $MGIC price may climb as it broke lower Bollinger Band. View odds of downtrend. https://srnk.us/go/4910050

User Image EarningsInsider Posted - 5 months ago

$MGIC updates Q3 2023 guidance to EPS and revenue guidance to $129.30 million-$129.30 million. www.marketbeat.com/stocks/NASDAQ/MGIC/earnin

User Image EarningsInsider Posted - 5 months ago

$MGIC updates Q4 2023 guidance to EPS and revenue guidance to $115.00 million-$125.00 million. www.marketbeat.com/stocks/NASDAQ/MGIC/earnin

Analyst Ratings
HC Wainwright & Co. Buy Mar 9, 21
HC Wainwright & Co. Buy Aug 17, 20
HC Wainwright & Co. Neutral Mar 11, 20
B of A Securities Underperform Jun 13, 18
Barclays Overweight Aug 11, 16
Barclays Overweight Feb 23, 16
Barclays Overweight Nov 12, 15
HC Wainwright & Co. Buy Jul 9, 15
Barclays Equal-Weight Jan 12, 15