Majesco (NYSEAMERICAN:MJCO) Director Robert P. Restrepo, Jr. purchased 10,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was purchased at an average price of $6.00 per share, with a total value of $60,000.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $150,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Majesco (MJCO) traded down $0.05 during trading hours on Tuesday, reaching $5.38. 8,205 shares of the company were exchanged, compared to its average volume of 11,980. The company has a market capitalization of $209.30, a P/E ratio of -31.94 and a beta of -2.93. Majesco has a 52 week low of $4.35 and a 52 week high of $6.43.
MJCO has been the subject of a number of recent research reports. Maxim Group reissued a “buy” rating and issued a $10.00 price objective (up previously from $8.00) on shares of Majesco in a research note on Tuesday, October 31st. ValuEngine raised shares of Majesco from a “sell” rating to a “hold” rating in a research note on Saturday, October 21st. Finally, TheStreet raised shares of Majesco from a “d+” rating to a “c-” rating in a research note on Thursday, November 16th.
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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