Wall Street brokerages expect Top Image Systems, Ltd. (NASDAQ:TISA) to report sales of $8.25 million for the current quarter, Zacks reports. Two analysts have provided estimates for Top Image Systems’ earnings, with estimates ranging from $7.89 million to $8.60 million. Top Image Systems posted sales of $7.01 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.7%. The firm is scheduled to issue its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that Top Image Systems will report full-year sales of $8.25 million for the current year, with estimates ranging from $29.68 million to $30.40 million. For the next financial year, analysts expect that the company will post sales of $35.10 million per share, with estimates ranging from $34.49 million to $35.70 million. Zacks’ sales averages are an average based on a survey of research firms that cover Top Image Systems.

A number of research analysts have issued reports on TISA shares. Zacks Investment Research lowered shares of Top Image Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. HC Wainwright set a $3.00 target price on shares of Top Image Systems and gave the company a “buy” rating in a report on Friday, November 17th. Finally, ValuEngine upgraded shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Top Image Systems presently has an average rating of “Hold” and a consensus target price of $2.50.

Top Image Systems (TISA) opened at $1.08 on Friday. Top Image Systems has a 1-year low of $1.03 and a 1-year high of $1.75.

A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC lifted its stake in shares of Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,600 shares of the software maker’s stock after acquiring 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. Institutional investors and hedge funds own 5.36% of the company’s stock.

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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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