Robert P. Restrepo, Jr. Purchases 5,000 Shares of Majesco (NYSEMKT:MJCO) Stock
Majesco (NYSEMKT:MJCO) Director Robert P. Restrepo, Jr. bought 5,000 shares of the stock in a transaction dated Friday, August 4th. The stock was purchased at an average price of $4.90 per share, with a total value of $24,500.00. Following the purchase, the director now owns 10,000 shares in the company, valued at $49,000. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Majesco (MJCO) traded up 0.43% on Thursday, hitting $4.64. The stock had a trading volume of 122 shares. The stock’s 50-day moving average is $4.87 and its 200 day moving average is $5.06. Majesco has a 1-year low of $4.49 and a 1-year high of $6.28. The firm’s market capitalization is $169.49 million.
Majesco (NYSEMKT:MJCO) last announced its quarterly earnings data on Wednesday, July 26th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $27.92 million during the quarter. On average, equities research analysts predict that Majesco will post ($0.02) earnings per share for the current fiscal year.
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MJCO has been the subject of a number of research analyst reports. Maxim Group set a $8.00 target price on Majesco and gave the company a “buy” rating in a research note on Wednesday, May 3rd. TheStreet upgraded Majesco from a “d+” rating to a “c” rating in a research note 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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