Several other research firms have also recently weighed in on MJCO. ValuEngine upgraded shares of Majesco from a sell rating to a hold rating in a research report on Saturday, October 21st. Maxim Group restated a buy rating and issued a $10.00 price objective (up previously from $8.00) on shares of Majesco in a research report on Tuesday, October 31st.
Majesco (NYSEAMERICAN:MJCO) opened at $5.71 on Thursday. Majesco has a one year low of $4.35 and a one year high of $6.34.
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In other Majesco news, insider Ketan Mehta bought 5,500 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was bought at an average price of $4.57 per share, for a total transaction of $25,135.00. Following the transaction, 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 SEC, which can be accessed through the SEC website.
A hedge fund recently raised its stake in Majesco stock. Northern Trust Corp grew its position in Majesco (NYSEAMERICAN:MJCO) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 36,766 shares of the software maker’s stock after buying an additional 470 shares during the period. Northern Trust Corp owned approximately 0.10% of Majesco worth $181,000 at the end of the most recent quarter.
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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