Top Image Systems, Ltd. (NASDAQ:TISA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note 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) “

TISA has been the topic of several other reports. HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of Top Image Systems in a research report on Monday, July 10th. ValuEngine upgraded shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $2.50.

Top Image Systems (NASDAQ TISA) remained flat at $1.30 on Wednesday. 2 shares of the company were exchanged. The stock’s market capitalization is $23.31 million. The firm’s 50-day moving average price is $1.30 and its 200-day moving average price is $1.34. Top Image Systems has a one year low of $1.11 and a one year high of $2.45.

Top Image Systems (NASDAQ:TISA) last released its quarterly earnings results on Thursday, May 18th. 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 26.38% and a negative net margin of 19.75%. The business had revenue of $7.33 million during the quarter, compared to the consensus estimate of $6.98 million. On average, analysts forecast that Top Image Systems will post ($0.13) EPS for the current year.

TRADEMARK VIOLATION WARNING: “Top Image Systems, Ltd. (NASDAQ:TISA) Upgraded to “Hold” at Zacks Investment Research” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally copied and republished in violation of international copyright and trademark laws. The legal version of this story can be viewed at

A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC boosted its stake 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 0.91% of Top Image Systems worth $201,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 5.76% 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.

Get a free copy of the Zacks research report on Top Image Systems (TISA)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Top Image Systems Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Top Image Systems Ltd. and related companies with's FREE daily email newsletter.