Magic Software Enterprises Ltd's fundamentals are relatively very healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 89/482 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 18.00.In the medium term, the stock price is expected to trend up.The company has been performing well in the stock market over the past month, which is supported by its strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Magic Software Enterprises Ltd's Score
Industry at a Glance
Industry Ranking
89 / 482
Overall Ranking
149 / 4563
Industry
Software & IT Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
2
analysts
Buy
Current Rating
18.000
Target Price
-29.77%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Magic Software Enterprises Ltd Highlights
StrengthsRisks
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.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 27.16%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 27.16%.
Overvalued
The company’s latest PE is 32.32, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 9.69M shares, decreasing 14.74% quarter-over-quarter.
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 SymbolMGIC
CompanyMagic Software Enterprises Ltd
CEOAzar (Moshe)
Websitehttps://www.magicsoftware.com
FAQs
What is the current price of Magic Software Enterprises Ltd (MGIC)?
The current price of Magic Software Enterprises Ltd (MGIC) is 26.250.
What is the symbol of Magic Software Enterprises Ltd?
The ticker symbol of Magic Software Enterprises Ltd is MGIC.
What is the 52-week high of Magic Software Enterprises Ltd?
The 52-week high of Magic Software Enterprises Ltd is 8870.000.
What is the 52-week low of Magic Software Enterprises Ltd?
The 52-week low of Magic Software Enterprises Ltd is 4209.000.
What is the market capitalization of Magic Software Enterprises Ltd?
The market capitalization of Magic Software Enterprises Ltd is 1.29B.
What is the net income of Magic Software Enterprises Ltd?
The net income of Magic Software Enterprises Ltd is 36.88M.
Is Magic Software Enterprises Ltd (MGIC) currently rated as Buy, Hold, or Sell?
According to analysts, Magic Software Enterprises Ltd (MGIC) has an overall rating of Buy, with a price target of 18.000.
What is the Earnings Per Share (EPS TTM) of Magic Software Enterprises Ltd (MGIC)?
The Earnings Per Share (EPS TTM) of Magic Software Enterprises Ltd (MGIC) is 0.812.