Zacks Investment Research lowered shares of Top Image Systems, Ltd. (NASDAQ:TISA) from a hold rating to a sell rating in a research note published 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 brokerages have also recently commented on TISA. ValuEngine upgraded shares of Top Image Systems from a strong sell rating to a sell rating in a research report on Friday, June 2nd. HC Wainwright set a $3.00 price target on shares of Top Image Systems and gave the stock a buy rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $2.50.

Top Image Systems (NASDAQ:TISA) opened at 1.14 on Wednesday. The stock’s market cap is $20.44 million. Top Image Systems has a 12-month low of $1.09 and a 12-month high of $2.45. The firm has a 50-day moving average of $1.29 and a 200-day moving average of $1.30.

Top Image Systems (NASDAQ:TISA) last issued its quarterly earnings results on Wednesday, August 16th. The software maker reported ($0.10) EPS for the quarter, missing the 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 business had revenue of $7.41 million during the quarter, compared to the consensus estimate of $7.36 million. Equities analysts predict that Top Image Systems will post ($0.15) earnings per share for the current fiscal year.

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A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC raised its position in shares of Top Image Systems, Ltd. (NASDAQ:TISA) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter. Institutional investors own 5.75% of the company’s stock.

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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