Zacks Investment Research upgraded shares of Majesco (NYSEMKT:MJCO) from a hold rating to a buy rating in a research report report published on Wednesday morning. The brokerage currently has $5.75 target price on the stock.

According to Zacks, “Majesco is a technology solutions company. The Company provides software products, consulting and services to the insurance industry. Majesco is based in New York, United States. “

Separately, Maxim Group set a $8.00 price objective on Majesco and gave the stock a buy rating in a research note on Wednesday, August 3rd.

Majesco (NYSEMKT:MJCO) opened at 5.00 on Wednesday. The stock has a 50 day moving average price of $4.88 and a 200 day moving average price of $5.23. Majesco has a 12 month low of $4.49 and a 12 month high of $6.74. The company’s market cap is $182.43 million.

Majesco (NYSEMKT:MJCO) last issued its earnings results on Wednesday, October 26th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The firm earned $31.10 million during the quarter, compared to the consensus estimate of $35.61 million. Analysts anticipate that Majesco will post $0.04 earnings per share for the current fiscal year.

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About Majesco

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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