Concourse Capital Management buys $2,447,070 stake in Interactive Intelligence Group Inc (ININ)

Interactive Intelligence Group Inc (ININ) : Concourse Capital Management scooped up 27,536 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 Aug 2, 2016. The investment management firm now holds a total of 42,506 shares of Interactive Intelligence Group Inc which is valued at $2,447,070.Interactive Intelligence Group Inc makes up approximately 1.49% of Concourse Capital Management’s portfolio.

Other Hedge Funds, Including , Parkside Financial Bank Trust added ININ to its portfolio by purchasing 332 company shares during the most recent quarter which is valued at $19,113. Interactive Intelligence Group Inc makes up approx 0.01% of Parkside Financial Bank Trust’s portfolio.Ls Investment Advisors boosted its stake in ININ in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 603 shares of Interactive Intelligence Group Inc which is valued at $26,321.Gw&k Investment Management boosted its stake in ININ in the latest quarter, The investment management firm added 9,160 additional shares and now holds a total of 83,225 shares of Interactive Intelligence Group Inc which is valued at $3,572,849. Interactive Intelligence Group Inc makes up approx 0.07% of Gw&k Investment Management’s portfolio.

Interactive Intelligence Group Inc opened for trading at $57.38 and hit $58.38 on the upside on Monday, eventually ending the session at $58.05, with a gain of 0.78% or 0.45 points. The heightened volatility saw the trading volume jump to 2,08,434 shares. Company has a market cap of $1,282 M.

On the company’s financial health, Interactive Intelligence Group Inc reported $-0.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $-0.17. The company had revenue of $108.80 million for the quarter, compared to analysts expectations of $103.33 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on Interactive Intelligence Group Inc. Company shares were Reiterated by RBC Capital Mkts on Aug 1, 2016 to “Outperform”, Firm has raised the Price Target to $ 39 from a previous price target of $36 .

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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