Zacks Investment Research upgraded shares of Top Image Systems, Ltd. (NASDAQ:TISA) from a sell rating to a hold rating in a research report released 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) “

Several other equities research analysts have also weighed in on the company. HC Wainwright reaffirmed a buy rating and issued a $3.00 target price on shares of Top Image Systems in a research report on Monday, July 10th. ValuEngine raised Top Image Systems from a strong sell rating to a sell rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $2.50.

Top Image Systems (NASDAQ:TISA) traded down 7.19% during trading on Wednesday, reaching $1.29. 98,551 shares of the company were exchanged. Top Image Systems has a 52-week low of $1.09 and a 52-week high of $1.83. The firm’s 50 day moving average is $1.26 and its 200 day moving average is $1.28. The stock’s market capitalization is $23.13 million.

Top Image Systems (NASDAQ:TISA) last issued its earnings results on Wednesday, August 16th. The software maker reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.02). Top Image Systems had a negative return on equity of 38.85% and a negative net margin of 25.99%. The company had revenue of $7.41 million during the quarter, compared to analyst estimates of $7.36 million. Analysts expect that Top Image Systems will post ($0.16) EPS for the current year.

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A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC boosted its stake in Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,600 shares of the software maker’s stock after buying an additional 1,200 shares during the period. Renaissance Technologies LLC owned 0.92% of Top Image Systems worth $219,000 as of its most recent SEC filing. 5.26% of the stock is currently owned by 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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