BlackRock Inc. Raises Position in Majesco (MJCO)
BlackRock Inc. boosted its holdings in Majesco (NYSEAMERICAN:MJCO) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 280,243 shares of the software maker’s stock after buying an additional 10,902 shares during the quarter. BlackRock Inc.’s holdings in Majesco were worth $2,116,000 at the end of the most recent reporting period.
Separately, Northern Trust Corp raised its holdings in Majesco by 61.2% during the 2nd quarter. Northern Trust Corp now owns 56,751 shares of the software maker’s stock worth $349,000 after purchasing an additional 21,546 shares during the last quarter.
Majesco stock opened at $7.52 on Friday. Majesco has a 52-week low of $4.93 and a 52-week high of $9.27.
In other news, Director Robert P. Restrepo, Jr. purchased 25,000 shares of the stock in a transaction on Tuesday, December 11th. The stock was purchased at an average price of $6.23 per share, for a total transaction of $155,750.00. Following the acquisition, the director now owns 50,000 shares in the company, valued at $311,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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Majesco provides insurance software, consulting services, and other insurance technology solutions for business transformation of the insurance industry in the United States, Canada, Mexico, the United Kingdom, Malaysia, Singapore, Thailand, and India. It offers insurance software solutions for property and casualty (P&C)/general insurance, life and annuity (L&A), and pensions and group/benefits providers.
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