FCG Advisors LLC Holds Position in Majesco (MJCO)

FCG Advisors LLC continued to hold its stake in Majesco (NYSEMKT:MJCO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 150,434 shares of the software maker’s stock at the close of the 2nd quarter. FCG Advisors LLC owned about 0.41% of Majesco worth $742,000 at the end of the most recent reporting period.

Majesco (MJCO) traded up 0.39% on Friday, reaching $5.10. The company’s stock had a trading volume of 9,044 shares. The stock’s 50 day moving average price is $5.06 and its 200 day moving average price is $5.07. Majesco has a 12 month low of $4.49 and a 12 month high of $6.28. The company’s market cap is $186.29 million.

Majesco (NYSEMKT:MJCO) last released its earnings results on Wednesday, July 26th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.08). The company had revenue of $27.92 million during the quarter. Majesco had a negative net margin of 5.91% and a negative return on equity of 14.55%. Equities research analysts forecast that Majesco will post ($0.02) earnings per share for the current year.

In other Majesco news, insider Ketan Mehta bought 5,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was purchased at an average cost of $4.57 per share, for a total transaction of $25,135.00. Following the completion of the purchase, the insider now directly owns 15,854 shares of the company’s stock, valued at $72,452.78. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders purchased 15,500 shares of company stock valued at $74,485.

Separately, Maxim Group set a $8.00 price target on Majesco and gave the company a “buy” rating in a report on Tuesday, July 18th.

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Majesco 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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