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Majesco (MJCO) Looks Good: Stock Adds 9.8% in Session

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Majesco was a big mover last session, as the company saw its shares rise almost 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 13.4% in the past one-month time frame.

The company has seen no estimate revisions over the past 7 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Majesco currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the Internet Software industry is Paylocity Holding Corporation (PCTY - Free Report) , which sports a Zacks Rank #1 (Strong Buy).

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