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Magic Software Enterprises (MGIC) has 1 split in our MGIC split history database. The split for MGIC took place on February 14, 2000. This was a 3 for 1 split, meaning for each share of MGIC owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 3000 share position following the split.
When a company such as Magic Software Enterprises splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the MGIC split history from start to finish, an original position size of 1000 shares would have turned into 3000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Magic Software Enterprises shares, starting with a $10,000 purchase of MGIC, presented on a split-history-adjusted basis factoring in the complete MGIC split history.
Growth of $10,000.00
With Dividends Reinvested
|Average Annual Total Return:||19.82%|
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:||18.57%|
|About Magic Software Enterprises|
|Magic Software Enterprises provides: proprietary application development and business process integration platforms; selected packaged vertical software solutions; as well as a vendor of software services and IT outsourcing software services. Co. has two segments: software solutions (which include proprietary and non-proprietary software technology, maintenance and support and complementary services) and IT professional services. Co.'s vertical software packages include: Clicks, Leap, Hermes Solution, HR Pulse, and MBS Solution. Co.'s software services offerings include services in the areas of infrastructure design and delivery, application development, and implementation services. According to our MGIC split history records, Magic Software Enterprises has had 1 split.|
|MGIC Split History Table|
|02/14/2000||3 for 1|
|Technology Stock Splits|
|MGIC is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: MGIC shares outstanding history