Top Image Systems (NASDAQ:TISA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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) “
A number of other brokerages also recently commented on TISA. ValuEngine raised shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 21st. HC Wainwright set a $3.00 price objective on shares of Top Image Systems and gave the company a “buy” rating in a research report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $2.50.
Top Image Systems (NASDAQ:TISA) last released its earnings results on Wednesday, November 15th. The software maker reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03). The business had revenue of $7.06 million for the quarter, compared to analyst estimates of $7.90 million. Top Image Systems had a negative return on equity of 50.20% and a negative net margin of 30.77%. analysts anticipate that Top Image Systems will post -0.32 EPS for the current fiscal year.
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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