Split History
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Magic Software Enterprises is a global provider of: proprietary application development and business process integration platforms, selected packaged vertical software solutions, as well as a vendor of software services and Information Technologies (IT) outsourcing software services. Co. has two reportable business segments: software solutions (which include proprietary and non-proprietary software technology, maintenance and support and complementary services) and IT professional services. Co.'s software solutions are used by customers to develop, deploy and integrate on-premise, mobile and cloud-based business applications. Co. also provides selected verticals with a software solution. According to our MGIC split history records, Magic Software Enterprises has had 1 split.
MGIC split history picture
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. MGIC split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 03/04/2014
End date: 02/28/2024
Start price/share: $8.78
End price/share: $10.98
Starting shares: 1,138.95
Ending shares: 1,463.26
Dividends reinvested/share: $2.85
Total return: 60.67%
Average Annual Total Return: 4.86%
Starting investment: $10,000.00
Ending investment: $16,068.88
Years: 9.99
 
Growth of $10,000.00
Without Dividends Reinvested

Start date: 03/04/2014
End date: 02/28/2024
Start price/share: $8.78
End price/share: $10.98
Dividends collected/share: $2.85
Total return: 57.55%
Average Annual Total Return: 4.65%
Starting investment: $10,000.00
Ending investment: $15,750.13
Years: 9.99
Date Ratio
02/14/20003 for 1
MGIC is categorized under the Technology sector; below are some other companies in the same sector that also have a history of stock splits:

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Also explore: MGIC shares outstanding history

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