Magic Software Enterprises Ltd. (NASDAQ:MGIC - Free Report) - William Blair boosted their Q3 2025 earnings per share (EPS) estimates for Magic Software Enterprises in a report released on Monday, November 18th. William Blair analyst M. Nolan now forecasts that the software maker will earn $0.26 per share for the quarter, up from their previous forecast of $0.25. The consensus estimate for Magic Software Enterprises' current full-year earnings is $0.95 per share. William Blair also issued estimates for Magic Software Enterprises' FY2026 earnings at $1.03 EPS.
MGIC has been the subject of a number of other research reports. Barclays increased their target price on Magic Software Enterprises from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Tuesday. StockNews.com upgraded Magic Software Enterprises from a "buy" rating to a "strong-buy" rating in a research note on Wednesday.
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Magic Software Enterprises Trading Up 0.2 %
Shares of Magic Software Enterprises stock traded up $0.02 during trading hours on Wednesday, reaching $10.98. The stock had a trading volume of 20,408 shares, compared to its average volume of 53,773. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.13. Magic Software Enterprises has a 1 year low of $8.40 and a 1 year high of $12.99. The firm has a market capitalization of $539.12 million, a price-to-earnings ratio of 16.15 and a beta of 1.08. The firm has a 50 day simple moving average of $11.30 and a two-hundred day simple moving average of $10.96.
Magic Software Enterprises Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Monday, December 23rd will be given a $0.236 dividend. This is a positive change from Magic Software Enterprises's previous semi-annual dividend of $0.20. The ex-dividend date of this dividend is Monday, December 23rd. This represents a dividend yield of 3.7%. Magic Software Enterprises's dividend payout ratio (DPR) is presently 60.29%.
Institutional Trading of Magic Software Enterprises
Several hedge funds have recently made changes to their positions in the stock. Copeland Capital Management LLC bought a new stake in shares of Magic Software Enterprises in the 3rd quarter worth $47,000. Barclays PLC grew its holdings in shares of Magic Software Enterprises by 4,274.4% in the 3rd quarter. Barclays PLC now owns 5,818 shares of the software maker's stock worth $69,000 after acquiring an additional 5,685 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Magic Software Enterprises in the 3rd quarter worth $115,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of Magic Software Enterprises by 722.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 15,334 shares of the software maker's stock worth $177,000 after acquiring an additional 13,469 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Magic Software Enterprises by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 228,551 shares of the software maker's stock worth $2,201,000 after acquiring an additional 29,635 shares during the last quarter. Institutional investors own 24.70% of the company's stock.
Magic Software Enterprises Company Profile
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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. Its Software Services segment develops, markets, sells, and supports application platform, software applications, and business and process integration solutions and related services.
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