Strs Ohio boosted its position in Majesco (NYSEAMERICAN:MJCO) by 61.7% in the 1st quarter, HoldingsChannel.com reports. The fund owned 7,600 shares of the software maker’s stock after purchasing an additional 2,900 shares during the period. Strs Ohio’s holdings in Majesco were worth $53,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. SG Capital Management LLC purchased a new stake in Majesco in the 1st quarter worth approximately $154,000. Geode Capital Management LLC grew its stake in Majesco by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 71,209 shares of the software maker’s stock worth $504,000 after acquiring an additional 2,112 shares during the period. Bank of New York Mellon Corp grew its stake in Majesco by 20.6% in the 4th quarter. Bank of New York Mellon Corp now owns 13,444 shares of the software maker’s stock worth $95,000 after acquiring an additional 2,293 shares during the period. Ramsey Quantitative Systems purchased a new stake in Majesco in the 4th quarter worth approximately $153,000. Finally, Vanguard Group Inc grew its stake in Majesco by 145.9% in the 3rd quarter. Vanguard Group Inc now owns 200,808 shares of the software maker’s stock worth $1,516,000 after acquiring an additional 119,130 shares during the period.
Shares of MJCO opened at $8.00 on Thursday. Majesco has a fifty-two week low of $5.26 and a fifty-two week high of $9.27.
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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