Insider Buying: Majesco (MJCO) Director Purchases 10,000 Shares of Stock
Majesco (NYSEAMERICAN:MJCO) Director Robert P. Restrepo, Jr. purchased 10,000 shares of the stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $6.00 per share, with a total value of $60,000.00. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $150,000. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Majesco (NYSEAMERICAN MJCO) opened at $5.35 on Friday. Majesco has a 52-week low of $4.35 and a 52-week high of $6.43. The stock has a market capitalization of $209.30, a P/E ratio of -32.41 and a beta of -2.93.
A hedge fund recently raised its stake in Majesco stock. Vanguard Group Inc. lifted its position in Majesco (NYSEAMERICAN:MJCO) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,547 shares of the software maker’s stock after acquiring an additional 794 shares during the period. Vanguard Group Inc. owned 0.07% of Majesco worth $126,000 as of its most recent SEC filing.
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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