Majesco (NYSEMKT:MJCO) was downgraded by investment analysts at TheStreet from a “c-” rating to a “d+” rating in a research note issued on Friday.

Separately, Maxim Group set a $8.00 price target on shares of Majesco and gave the company a “buy” rating in a report on Tuesday, July 18th.

Shares of Majesco (MJCO) opened at 5.58 on Friday. Majesco has a 1-year low of $4.35 and a 1-year high of $6.34. The stock has a 50 day moving average of $5.12 and a 200-day moving average of $5.12. The stock’s market capitalization is $203.82 million.

Majesco (NYSEMKT:MJCO) last released its earnings results on Wednesday, July 26th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.08). Majesco had a negative return on equity of 14.55% and a negative net margin of 5.91%. The company had revenue of $27.92 million during the quarter. Equities research analysts predict that Majesco will post ($0.02) earnings per share for the current fiscal year.

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In other Majesco news, insider Ketan Mehta purchased 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were purchased at an average price of $4.57 per share, for a total transaction of $25,135.00. Following the completion of the acquisition, the insider now owns 15,854 shares of the company’s stock, valued at approximately $72,452.78. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 15,500 shares of company stock worth $74,485 in the last 90 days.

An institutional investor recently raised its position in Majesco stock. Vanguard Group Inc. boosted its holdings in Majesco (NYSEMKT:MJCO) by 3.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 25,547 shares of the software maker’s stock after buying an additional 794 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Majesco worth $126,000 at the end of the most recent reporting period.

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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