Robert P. Restrepo, Jr. Buys 3,000 Shares of Majesco (MJCO) Stock

Majesco (NYSEAMERICAN:MJCO) Director Robert P. Restrepo, Jr. bought 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were acquired at an average price 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 in the company, valued at approximately $75,762. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Majesco (NYSEAMERICAN:MJCO) opened at $5.55 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 issued its quarterly earnings results on Monday, October 30th. The software maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07). The firm had revenue of $30.35 million for the quarter. Majesco had a negative net margin of 2.36% and a negative return on equity of 6.36%. During the same quarter last year, the firm earned $0.01 EPS.

Several analysts have recently issued reports on MJCO shares. TheStreet cut shares of Majesco from a “c-” rating to a “d+” rating in a research report on Friday, October 13th. ValuEngine upgraded shares of Majesco from a “sell” rating to a “hold” rating in a research report on Saturday, October 21st. Finally, Maxim Group restated a “buy” rating and set a $10.00 target price (up from $8.00) on shares of Majesco in a research report on Tuesday, October 31st.

A hedge fund recently raised its stake in Majesco stock. Vanguard Group Inc. boosted its position in shares of Majesco (NYSEAMERICAN:MJCO) by 3.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,547 shares of the software maker’s stock after purchasing an additional 794 shares during the period. Vanguard Group Inc. owned about 0.07% of Majesco worth $126,000 as of its most recent SEC filing.

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About Majesco

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.

Insider Buying and Selling by Quarter for Majesco (NYSEAMERICAN:MJCO)

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