Top Image Systems, Ltd. (NASDAQ:TISA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
According to Zacks, “Top Image Systems, Ltd., develops and markets form processing, information recognition and data entry software, systems and technologies. The company’s software minimizes the need for manual data-entry by automatically reading and processing the information contained in forms, increasing data capture accuracy and the rate of information processing. TiS’ award-winning AFPSPro software provides a complete, cost-effective, reliable solution for mid to high-volume production form processing. (PRESS RELEASE) “
A number of other research analysts have also commented on TISA. HC Wainwright set a $3.00 price target on Top Image Systems and gave the company a “buy” rating in a research report on Thursday, August 17th. ValuEngine raised Top Image Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Top Image Systems has a consensus rating of “Hold” and a consensus target price of $2.50.
Shares of Top Image Systems (TISA) opened at 1.14 on Wednesday. The firm’s 50-day moving average price is $1.29 and its 200 day moving average price is $1.31. The company’s market capitalization is $20.44 million. Top Image Systems has a one year low of $1.09 and a one year high of $2.45.
Top Image Systems (NASDAQ:TISA) last released its quarterly earnings results on Wednesday, August 16th. The software maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $7.41 million for the quarter, compared to the consensus estimate of $7.36 million. Top Image Systems had a negative net margin of 25.99% and a negative return on equity of 38.85%. Analysts anticipate that Top Image Systems will post ($0.16) earnings per share for the current year.
An institutional investor recently raised its position in Top Image Systems stock. Renaissance Technologies LLC boosted its stake in Top Image Systems, Ltd. (NASDAQ:TISA) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,400 shares of the software maker’s stock after buying an additional 4,874 shares during the period. Renaissance Technologies LLC owned approximately 0.91% of Top Image Systems worth $201,000 as of its most recent filing with the SEC. 5.75% of the stock is owned by hedge funds and other institutional investors.
About Top Image Systems
Top Image Systems Ltd. (TIS) is a developer and marketer of intelligent content capture and workflow automation solutions for managing and validating incoming content in any format from any source. The Company’s solutions deliver digital content to the people and applications that drive an enterprise by using advanced network, mobile and cloud technologies.
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