Majesco (MJCO) is Reiterated by Maxim Group to Buy, Lowers Price Target to $ 8

Majesco (MJCO) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 8 from a previous price target of $10 . Maxim Group advised their investors in a research report released on Aug 3, 2016.

Many Wall Street Analysts have commented on Majesco. Aegis Capital Initiated Majesco on May 26, 2016 to “Buy”, Price Target of the shares are set at $8.70.Company shares were Reiterated by Maxim Group on May 11, 2016 to “Buy”, Firm has raised the Price Target to $ 10 from a previous price target of $9 .

Majesco closed down -0.11 points or -2.03% at $5.3 with 3,569 shares getting traded on Tusday. Post opening the session at $5.41, the shares hit an intraday low of $5.26 and an intraday high of $5.41 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 14, 2016, Prateek Kumar (Executive Vice President) purchased 2,545 shares at $5.14 per share price. According to the SEC, on Jun 13, 2016, Nimish Sankalia (Senior Vice President) purchased 1,000 shares at $5.16 per share price. On Feb 2, 2016, William Freitag (Executive Vice President) purchased 3,000 shares at $6.17 per share price, according to the Form-4 filing with the securities and exchange commission.

Majesco formerly MajescoMastek is a provider of software solutions for the insurance industry. The Company offers software solutions for Property and Casualty/General Insurance (P&C) and Life Annuities and Pensions (L&A) providers allowing them to manage policy administration claims management and billing functions. The Company also offers a range of other technology-based solutions that enable organizations to automate business processes and comply with policies and regulations across their organizations. It offers a portfolio of Information Technology (IT) products and services which consists of software solutions IT consulting application development systems integration application management outsourcing testing data warehousing and business intelligence Customer relationship management (CRM) services and legacy modernization. As of September 30 2015 it served approximately 140 insurance customers across the world.


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