Top Image Systems, Ltd. (TISA) Earns Buy Rating from HC Wainwright

HC Wainwright restated their buy rating on shares of Top Image Systems, Ltd. (NASDAQ:TISA) in a research note published on Monday, July 10th. The brokerage currently has a $3.00 price objective on the software maker’s stock.

“We think this has now changed, and it seems that TIS employees are now in a position to demonstrate their respective value. A second, equally important, press release was issued on June 28 and spoke to new deals in which TIS was involved. We cannot say definitively, but we surmise some of these were initiated with partners, such as Fiserv (FISV; not rated) and Xerox (XRX; not rated), among others. The scale to which TIS must deliver suggests that a resource constrained company such as TIS may not have had success on its own: (1) a retail chain in North America; (2) a leading utilities provider in Germany; and (3) a consumer goods manufacturer among others won so far this year. The deals highlight the value of TIS’ technology and the ease of integrating into existing SAP (SAP; not rated) monitored manufacturing and distribution environments, two competitively differentiating aspects TIS brings its customers. While we have not altered estimates at this juncture, the deals should effect changes inTIS’ top and bottom line trajectories that could exceed our conservatively-minded estimates.”,” the firm’s analyst wrote.

TISA has been the topic of a number of other reports. Zacks Investment Research lowered shares of Top Image Systems from a hold rating to a strong sell rating in a research note on Thursday, March 16th. ValuEngine raised shares of Top Image Systems from a strong sell rating to a sell rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $2.50.

Shares of Top Image Systems (TISA) traded up 0.75% during trading on Monday, reaching $1.35. The company had a trading volume of 51,221 shares. The firm has a 50-day moving average of $1.30 and a 200-day moving average of $1.33. Top Image Systems has a 12-month low of $1.11 and a 12-month high of $2.45. The company’s market cap is $24.21 million.

Top Image Systems (NASDAQ:TISA) last released its quarterly earnings data on Thursday, May 18th. The software maker reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by $0.02. Top Image Systems had a negative net margin of 19.75% and a negative return on equity of 26.38%. The business had revenue of $7.33 million during the quarter, compared to the consensus estimate of $6.98 million. On average, equities research analysts anticipate that Top Image Systems will post ($0.13) EPS for the current year.

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A hedge fund recently raised its stake in Top Image Systems stock. Renaissance Technologies LLC boosted 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 (SEC). The institutional investor 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 SEC filing. Hedge funds and other 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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