Ketan Mehta Purchases 5,000 Shares of Majesco (MJCO) Stock
Majesco (NYSEMKT:MJCO) insider Ketan Mehta bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average price of $4.87 per share, for a total transaction of $24,350.00. Following the acquisition, the insider now directly owns 5,500 shares of the company’s stock, valued at approximately $26,785. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Majesco (NYSEMKT:MJCO) traded down 0.63% during midday trading on Tuesday, reaching $4.77. 4,392 shares of the company traded hands. Majesco has a 1-year low of $4.49 and a 1-year high of $6.28. The company’s market capitalization is $174.14 million. The company has a 50 day moving average price of $5.28 and a 200 day moving average price of $5.21.
Majesco (NYSEMKT:MJCO) last issued its quarterly earnings results on Tuesday, May 2nd. The software maker reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.05. The business had revenue of $28.16 million for the quarter. On average, analysts expect that Majesco will post $0.14 earnings per share for the current year.
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An institutional investor recently raised its position in Majesco stock. Vanguard Group Inc. increased its position in shares of Majesco (NYSEMKT:MJCO) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,753 shares of the software maker’s stock after buying an additional 205 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Majesco worth $128,000 as of its most recent filing with the SEC.
MJCO has been the topic of several research reports. Zacks Investment Research cut shares of Majesco from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th. TheStreet cut shares of Majesco from a “c-” rating to a “d+” rating in a report on Monday, March 6th. Finally, Maxim Group set a $8.00 target price on shares of Majesco and gave the stock a “buy” rating in a report on Thursday, April 6th.
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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