Murphy Michael R buys $26.2 Million stake in Interactive Intelligence Group Inc (ININ)

Interactive Intelligence Group Inc (ININ) : Murphy Michael R scooped up 9,922 additional shares in Interactive Intelligence Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 747,232 shares of Interactive Intelligence Group Inc which is valued at $26.2 Million.Interactive Intelligence Group Inc makes up approximately 8.95% of Murphy Michael R’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd boosted its stake in ININ in the latest quarter, The investment management firm added 1,549 additional shares and now holds a total of 18,147 shares of Interactive Intelligence Group Inc which is valued at $636,052.Blackrock Investment Management boosted its stake in ININ in the latest quarter, The investment management firm added 1,784 additional shares and now holds a total of 66,896 shares of Interactive Intelligence Group Inc which is valued at $2.3 Million. Barrow Hanley Mewhinney Strauss added ININ to its portfolio by purchasing 123,489 company shares during the most recent quarter which is valued at $4.3 Million. Interactive Intelligence Group Inc makes up approx 0.01% of Barrow Hanley Mewhinney Strauss’s portfolio.New York State Common Retirement Fund reduced its stake in ININ by selling 23,227 shares or 57.6% in the most recent quarter. The Hedge Fund company now holds 17,100 shares of ININ which is valued at $598,500.

Interactive Intelligence Group Inc opened for trading at $41.06 and hit $41.48 on the upside on Wednesday, eventually ending the session at $41.37, with a gain of 0.66% or 0.27 points. The heightened volatility saw the trading volume jump to 1,15,469 shares. Company has a market cap of $913 M.

On the company’s financial health, Interactive Intelligence Group Inc reported $-0.18 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on May 2, 2016. Analyst had a consensus of $-0.11. The company had revenue of $99.28 million for the quarter, compared to analysts expectations of $101.64 million. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.

Many Wall Street Analysts have commented on Interactive Intelligence Group Inc. Interactive Intelligence Group Inc was Downgraded by Sidoti to ” Neutral” on Apr 20, 2016.

Interactive Intelligence Group Inc. is a provider of software and services for collaboration communications and customer engagement. The Company’s primary offering is its Customer Interaction Center (CIC) product suite a multichannel communications platform that can be deployed on-premises or through the cloud as Communications as a Service (CaaS). The Company is engaged in the contact center market where its software applications provide pre-integrated inbound and outbound communications functionality. The Company utilizes this same communications platform to provide solutions for unified communications workforce optimization and business process automation. Its solutions are applicable in various industries including tele-services insurance banking accounts receivable management utilities healthcare retail technology government and business services.

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