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Barclays cut their price target on shares of Tibco Software (NASDAQ:TIBX) from $22.00 to $21.00 in a research note issued on Friday. Barclays’ target price indicates a potential upside of 0.86% from the company’s current price.

Tibco Software (NASDAQ:TIBX) traded down 6.24% during mid-day trading on Friday, hitting $19.52. The stock had a trading volume of 3,064,448 shares. Tibco Software has a one year low of $18.20 and a one year high of $27.15. The stock’s 50-day moving average is $20.0 and its 200-day moving average is $21.2. The company has a market cap of $3.168 billion and a P/E ratio of 40.74.

Tibco Software (NASDAQ:TIBX) last issued its quarterly earnings data on Thursday, June 19th. The company reported $0.14 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.14. The company had revenue of $252.30 million for the quarter, compared to the consensus estimate of $252.33 million. During the same quarter last year, the company posted $0.18 earnings per share. Tibco Software’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Tibco Software will post $0.95 earnings per share for the current fiscal year.

TIBX has been the subject of a number of other recent research reports. Analysts at Hilliard Lyons downgraded shares of Tibco Software from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 4th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Tibco Software in a research note on Wednesday, June 4th. They now have a $17.00 price target on the stock, down previously from $20.00. Finally, analysts at Wedbush cut their price target on shares of Tibco Software from $25.00 to $19.00 in a research note on Wednesday, June 4th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.46.

TIBCO Software Inc (NASDAQ:TIBX) is a provider of middleware and infrastructure software.

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