Majesco (NYSEAMERICAN:MJCO) Director Robert P. Restrepo, Jr. bought 3,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was bought at an average cost of $6.21 per share, for a total transaction of $18,630.00. Following the completion of the transaction, the director now directly owns 12,200 shares of the company’s stock, valued at $75,762. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Majesco (NYSEAMERICAN MJCO) opened at $5.28 on Wednesday. Majesco has a fifty-two week low of $4.35 and a fifty-two week high of $6.43.
Majesco (NYSEAMERICAN:MJCO) last announced its quarterly earnings results on Monday, October 30th. The software maker reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.07). Majesco had a negative net margin of 2.36% and a negative return on equity of 6.36%. The company had revenue of $30.35 million during the quarter. During the same quarter last year, the company posted $0.01 earnings per share.
An institutional investor recently raised its position in Majesco stock. Vanguard Group Inc. raised its holdings in shares of Majesco (NYSEAMERICAN:MJCO) by 3.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,547 shares of the software maker’s stock after purchasing an additional 794 shares during the period. Vanguard Group Inc. owned 0.07% of Majesco worth $126,000 as of its most recent SEC filing.
MJCO has been the subject of several research reports. Maxim Group reiterated a “buy” rating and set a $10.00 price target (up from $8.00) on shares of Majesco in a report on Tuesday, October 31st. TheStreet raised Majesco from a “d+” rating to a “c-” rating in a research report on Thursday, November 16th. Finally, ValuEngine raised Majesco from a “sell” rating to a “hold” rating in a research report on Saturday, October 21st.
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Majesco Company Profile
Majesco is a provider of insurance software, consulting and services for insurance industry. The Company operates through the software solutions provider for the insurance industry segment. The Company offers insurance software solutions for Property and Casualty or General Insurance (P&C), Life, Annuities (L&A), and Pensions and Group or Employee Benefits providers, allowing them to manage policy management, claims management and billing functions.
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