Equities analysts expect that Top Image Systems, Ltd. (NASDAQ:TISA) will report sales of $7.90 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Top Image Systems’ earnings, with the highest sales estimate coming in at $8.30 million and the lowest estimate coming in at $7.49 million. Top Image Systems posted sales of $7.68 million during the same quarter last year, which suggests a positive year over year growth rate of 2.9%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 21st.

On average, analysts expect that Top Image Systems will report full year sales of $7.90 million for the current fiscal year, with estimates ranging from $30.11 million to $31.60 million. For the next financial year, analysts expect that the firm will post sales of $35.08 million per share, with estimates ranging from $34.46 million to $35.70 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Top Image Systems.

Top Image Systems (NASDAQ:TISA) last posted 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 firm had revenue of $7.41 million for the quarter, compared to analyst estimates of $7.36 million.

A number of research firms have recently weighed in on TISA. Zacks Investment Research raised shares of Top Image Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. 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. Finally, ValuEngine raised shares of 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 issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $2.50.

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An institutional investor recently raised its position in Top Image Systems stock. Renaissance Technologies LLC boosted its holdings in Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% in the first quarter, according to the company in 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 purchasing an additional 1,200 shares during the quarter. Renaissance Technologies LLC owned approximately 0.92% of Top Image Systems worth $219,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.26% of the company’s stock.

Top Image Systems (TISA) opened at 1.36 on Wednesday. Top Image Systems has a 12-month low of $1.09 and a 12-month high of $1.83. The firm’s 50-day moving average is $1.28 and its 200 day moving average is $1.28. The firm’s market cap is $24.39 million.

Top Image Systems Company Profile

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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