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Shares of Tibco Software (NASDAQ:TIBX) have received a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the stock, AmericanBankingNews.com reports. Eleven equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $24.36.

Shares of Tibco Software (NASDAQ:TIBX) opened at 19.25 on Thursday. Tibco Software has a 52 week low of $18.20 and a 52 week high of $27.15. The stock’s 50-day moving average is $20.27 and its 200-day moving average is $20.83. The company has a market cap of $3.137 billion and a price-to-earnings ratio of 40.87.

Tibco Software (NASDAQ:TIBX) last posted its quarterly earnings results on Thursday, June 19th. The company reported $0.14 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that Tibco Software will post $0.84 EPS for the current fiscal year.

In other Tibco Software news, CEO Vivek Ranadive sold 664,600 shares of the stock on the open market in a transaction dated Thursday, June 26th. The shares were sold at an average price of $19.64, for a total transaction of $13,052,744.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

TIBX has been the subject of a number of recent research reports. Analysts at Wedbush raised their price target on shares of Tibco Software from $19.00 to $20.00 in a research note on Friday, June 20th. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Tibco Software from $17.00 to $19.00 in a research note on Friday, June 20th. They now have a “hold” rating on the stock. Finally, analysts at Susquehanna downgraded shares of Tibco Software from a “positive” rating to a “neutral” rating in a research note on Friday, June 20th. They now have a $19.00 price target on the stock, down previously from $24.00.

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

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