HC Wainwright Reiterates “Buy” Rating for Top Image Systems, Ltd. (TISA)

Top Image Systems, Ltd. (NASDAQ:TISA)‘s stock had its “buy” rating reissued by equities research analysts at HC Wainwright in a note issued to investors on Monday. They currently have a $3.00 price objective on the software maker’s stock. HC Wainwright’s target price suggests a potential upside of 122.22% from the stock’s current price.

The analysts wrote, “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.””

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Top Image Systems from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. ValuEngine raised shares of Top Image Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $2.50.

Shares of Top Image Systems (NASDAQ:TISA) opened at 1.35 on Monday. Top Image Systems has a 12-month low of $1.11 and a 12-month high of $2.45. The firm’s market capitalization is $24.21 million. The firm’s 50-day moving average is $1.28 and its 200-day moving average is $1.34.

Top Image Systems (NASDAQ:TISA) last announced its quarterly earnings results 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. The business had revenue of $7.33 million for the quarter, compared to analyst estimates of $6.98 million. Top Image Systems had a negative net margin of 19.75% and a negative return on equity of 26.38%. Equities research analysts forecast that Top Image Systems will post ($0.13) EPS for the current fiscal year.

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An institutional investor recently raised its position in Top Image Systems stock. Renaissance Technologies LLC boosted its position in Top Image Systems, Ltd. (NASDAQ:TISA) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 164,600 shares of the software maker’s stock after buying an additional 1,200 shares during the period. Renaissance Technologies LLC owned about 0.92% of Top Image Systems worth $219,000 at the end of the most recent reporting period. 5.76% of the stock is currently owned by hedge funds and other institutional investors.

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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