Majesco (MJCO) Director Acquires $155,750.00 in Stock

Majesco (NYSEAMERICAN:MJCO) Director Robert P. Restrepo, Jr. purchased 25,000 shares of the stock in a transaction on Tuesday, December 11th. The shares were acquired at an average price of $6.23 per share, for a total transaction of $155,750.00. Following the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $311,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Majesco stock opened at $7.05 on Friday. Majesco has a 12 month low of $4.93 and a 12 month high of $9.27.

Majesco (NYSEAMERICAN:MJCO) last announced its earnings results on Monday, October 29th. The software maker reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The firm had revenue of $34.04 million for the quarter.

Several institutional investors have recently made changes to their positions in the business. Vanguard Group Inc raised its holdings in shares of Majesco by 145.9% during the third quarter. Vanguard Group Inc now owns 200,808 shares of the software maker’s stock valued at $1,516,000 after acquiring an additional 119,130 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Majesco by 145.9% during the third quarter. Vanguard Group Inc. now owns 200,808 shares of the software maker’s stock valued at $1,516,000 after acquiring an additional 119,130 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Majesco by 4.0% during the third quarter. BlackRock Inc. now owns 280,243 shares of the software maker’s stock valued at $2,116,000 after acquiring an additional 10,902 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Majesco by 61.2% during the second quarter. Northern Trust Corp now owns 56,751 shares of the software maker’s stock valued at $349,000 after acquiring an additional 21,546 shares during the last quarter.

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Majesco Company Profile

Majesco provides insurance software, consulting services, and other insurance technology solutions for business transformation of the insurance industry in the United States, Canada, Mexico, the United Kingdom, Malaysia, Singapore, Thailand, and India. It offers insurance software solutions for property and casualty (P&C)/general insurance, life and annuity (L&A), and pensions and group/benefits providers.

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