Majesco (AMEX:MJCO) had its target price cut by Maxim Group from $8.00 to $7.00 in a research report sent to investors on Thursday. They currently have a buy rating on the stock.

Majesco (AMEX:MJCO) opened at 4.72 on Thursday. The stock’s market capitalization is $172.41 million. The company’s 50-day moving average price is $4.90 and its 200 day moving average price is $5.11. Majesco has a 52 week low of $4.49 and a 52 week high of $6.28.

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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.

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