Majesco (MJCO) is a digital and cloud insurance platform solutions provider which is making slow but steady progress that is underappreciated by investors.
We bought shares in Majesco at $7.32 on October 3, 2018 for the SHU portfolio and we're a little surprised that we have yet to benefit from that purchase. Basically, the company should benefit from two trends:
- A shift towards digitalization of business, more specifically the insurance business.
- A shift towards cloud platforms.
While the company has been benefiting from both trends, this is yet to lead to a durable