Majesco (MJCO) Director Robert P. Restrepo, Jr. Purchases 5,000 Shares
Majesco (NYSEMKT:MJCO) Director Robert P. Restrepo, Jr. purchased 5,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were purchased at an average cost of $4.90 per share, with a total value of $24,500.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $49,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Majesco (NYSEMKT:MJCO) traded down 1.46% during trading on Tuesday, reaching $4.72. 7,213 shares of the company traded hands. Majesco has a 12-month low of $4.49 and a 12-month high of $6.28. The firm’s 50-day moving average is $4.88 and its 200-day moving average is $5.09. The stock’s market capitalization is $172.41 million.
Majesco (NYSEMKT:MJCO) last released its quarterly earnings results on Wednesday, July 26th. The software maker reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.08. Majesco had a negative return on equity of 6.99% and a negative net margin of 2.84%. The company had revenue of $27.92 million during the quarter. On average, equities analysts predict that Majesco will post ($0.02) earnings per share for the current fiscal year.
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A number of analysts have recently weighed in on the stock. Maxim Group set a $8.00 price target on shares of Majesco and gave the stock a “buy” rating in a report on Tuesday, July 18th. TheStreet raised shares of Majesco from a “d+” rating to a “c” rating in a report on Tuesday, May 2nd.
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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