Robert P. Restrepo, Jr. Purchases 5,000 Shares of Majesco (MJCO) Stock

Majesco (NYSEMKT:MJCO) Director Robert P. Restrepo, Jr. acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was purchased at an average cost of $4.90 per share, for a total transaction of $24,500.00. Following the purchase, the director now owns 10,000 shares of the company’s stock, valued at $49,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Majesco (MJCO) traded up 0.43% during mid-day trading on Thursday, reaching $4.64. The company’s stock had a trading volume of 122 shares. The stock has a 50 day moving average of $4.87 and a 200-day moving average of $5.06. The stock’s market cap is $169.49 million. Majesco has a one year low of $4.49 and a one year high of $6.28.

Majesco (NYSEMKT:MJCO) last posted its quarterly earnings results on Wednesday, July 26th. The software maker reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.08. The business had revenue of $27.92 million during the quarter. Majesco had a negative return on equity of 6.99% and a negative net margin of 2.84%. On average, equities research analysts expect that Majesco will post ($0.02) EPS for the current fiscal year.

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Several analysts have issued reports on MJCO shares. Maxim Group set a $8.00 target price on Majesco and gave the company a “buy” rating in a research report on Wednesday, May 3rd. TheStreet raised Majesco from a “d+” rating to a “c” rating in a research report on Tuesday, May 2nd.

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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