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MJCO $7.49

MJCO target price
7.49
0
0
Majesco Inc.
Formerly called
MajescoMastek (2005–14)
Type
Public
Traded as AMEX: MJCO
Industry Software industry
Founded February 15, 2005; 12 years ago (2005-02-15)
Founder Ketan Mehta
Headquarters Morristown, New Jersey, U.S.
Area served
Worldwide
Key people
  • Ketan Mehta (CEO)
  • Edward Ossie (COO)
  • Farid Kazani (CFO)
Parent Mastek (2005–14)
Website majesco.com

Majesco Inc. (formerly MajescoMastek) is a multinational provider of insurance technology software, information technology services and consulting to insurance carriers worldwide across lines of business – property & casualty (general insurance), life, annuity, health, pensions, and group & worksite benefits insurance.

MajescoMastek, the U.S. subsidiary of global technology solutions provider Mastek was founded in 1992. In 2005, the firm acquired Entegram LLC, a Connecticut-based software company. In 2007, it acquired Vector Insurance Services a technology solutions provider and third-party administrator that focuses on the North American life and annuity insurance industry. Systems Task Group (STG) an IP-based enterprise solutions provider to the North American property and casualty (P&C) insurance industry was acquired in 2008. In 2009, MajescoMastek entered the Canadian Market. SEG Software, LLC, a provider of policy administration systems covering individual and group life, health & annuity insurance products was acquired in 2010.

In 2014, MajescoMastek demerged from Mastek consolidating all of its insurance business internationally under the new brand, Majesco. Majesco acquired the consulting firm Agile Technologies in February 2015. In December 2014, the firm announced the signing of an agreement to merge the business of Cover-All Technologies (NYSE MKT: COVR) with Majesco.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2019 2020-05-28 0.00 0.08
Q3 2019 2020-02-03 0.00 0.09
Q2 2019 2019-11-05 0.00 0.02
Q1 2019 2019-08-07 0.00 0.03
Q4 2018 2019-05-07 0.00 0.03
Q3 2018 2019-01-30 0.00 0.04
Q2 2018 2018-10-29 0.00 0.07

Ratings

9529-03-21
9482-03-07
8026-02-14
6640-03-19
5201-02-26
3790-03-31
2359-03-09
2016-05-26 Initiated Coverage Aegis Buy $8.70
2016-05-11 Lower Price Target Maxim Group Buy $10.00 to $9.00
1970-01-01
9529-03-21
9482-03-07
8026-02-14
6640-03-19
5201-02-26

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks