Majesco (MJCO) Announces Quarterly Earnings Results, Misses Expectations By $0.07 EPS
Majesco (NYSEMKT:MJCO) posted its quarterly earnings data on Monday. The software maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.07), Bloomberg Earnings reports. Majesco had a negative return on equity of 14.55% and a negative net margin of 5.91%. During the same quarter in the prior year, the business posted $0.01 EPS.
Shares of Majesco (MJCO) traded down 4.94% on Monday, hitting $5.58. 21,599 shares of the stock traded hands. The stock’s 50 day moving average price is $5.27 and its 200 day moving average price is $5.27. The stock’s market cap is $203.82 million. Majesco has a 52-week low of $4.35 and a 52-week high of $6.34.
TRADEMARK VIOLATION WARNING: This news story was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://theolympiareport.com/2017/10/30/majesco-mjco-announces-quarterly-earnings-results-misses-expectations-by-0-07-eps.html.
Several research firms recently commented on MJCO. ValuEngine raised shares of Majesco from a “sell” rating to a “hold” rating in a research note on Saturday, October 21st. TheStreet lowered shares of Majesco from a “c-” rating to a “d+” rating in a research note on Friday, October 13th. Finally, Maxim Group reissued a “buy” rating and set a $7.00 price objective (down previously from $8.00) on shares of Majesco in a research note on Thursday, July 27th.
In other Majesco news, insider Ketan Mehta bought 5,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were acquired at an average price of $4.57 per share, with a total value of $25,135.00. Following the transaction, the insider now owns 15,854 shares of the company’s stock, valued at approximately $72,452.78. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 15,500 shares of company stock worth $74,485 in the last three months.
An institutional investor recently raised its position in Majesco stock. Vanguard Group Inc. grew its position in Majesco (NYSEMKT:MJCO) by 3.2% during the second 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 buying an additional 794 shares during the period. Vanguard Group Inc. owned 0.07% of Majesco worth $126,000 at the end of the most recent quarter.
Majesco Company 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.
Receive News & Ratings for Majesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Majesco and related companies with Analyst Ratings Network's FREE daily email newsletter.