Analysts await Magic Software Enterprises Ltd. (NASDAQ:MGIC) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $0.12 EPS, up 0% or $0 from last year’s $0.12 per share.

At the moment 5 analysts are watching Magic Software Enterprises Ltd. (NASDAQ:MGIC), 3 rate it “Buy”, 2 “Outperform”, 0 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 4 analysts have a mean sales target of 46.22 million. For the quarter ending Sep-16, 4 analysts have a mean sales target of 48.76 million whilst for the year ending Dec-16, 4 analysts have a mean target of 190.86 million.

In terms of earnings per share, 5 analysts have a 0.15 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 5 analysts have a 0.16 EPS mean target and for the quarter ending Sep-16 there are 5 estimates of 0.63 EPS.

The biggest institutional shareholders in Magic Software Enterprises Ltd. include Yelin Lapidot Holdings Management Ltd which owns 2 million shares in the company valued at $13.27 million. Denver Investments is the second biggest holder with 2 million shares currently valued at 10.94 million whilst Yelin Lapidot Mutual Funds Mgmt Ltd has 2 million shares valued at 9.62 million.

Total shares held by institutions as of the most recent company filings are 9,947,843 with a reported 471,080 bought and 402,152 sold. These holdings make up 22.49% of the company’s outstanding shares.

The stock decreased 1.3247% or $0.0918 during the last trading session, hitting $6.7700. Magic Software Enterprises Ltd. (NASDAQ:MGIC) has risen 22.9% over the past 6 months and is uptrending.