Murphy Michael R Lowers stake in Interactive Intelligence Group Inc (ININ)

Interactive Intelligence Group Inc (ININ) : Murphy Michael R reduced its stake in Interactive Intelligence Group Inc by 10.5% during the most recent quarter end. The investment management company now holds a total of 668,756 shares of Interactive Intelligence Group Inc which is valued at $39,062,038 after selling 78,476 shares in Interactive Intelligence Group Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Interactive Intelligence Group Inc makes up approximately 13.88% of Murphy Michael R’s portfolio.

Other Hedge Funds, Including , Menta Capital added ININ to its portfolio by purchasing 10,953 company shares during the most recent quarter which is valued at $639,765. Interactive Intelligence Group Inc makes up approx 0.08% of Menta Capital’s portfolio.Tiaa Cref Investment Management reduced its stake in ININ by selling 819 shares or 1.47% in the most recent quarter. The Hedge Fund company now holds 54,830 shares of ININ which is valued at $3,202,620.Credit Suisse Ag boosted its stake in ININ in the latest quarter, The investment management firm added 24,261 additional shares and now holds a total of 30,349 shares of Interactive Intelligence Group Inc which is valued at $1,772,685.Barrow Hanley Mewhinney Strauss boosted its stake in ININ in the latest quarter, The investment management firm added 36,757 additional shares and now holds a total of 160,246 shares of Interactive Intelligence Group Inc which is valued at $9,345,547. Interactive Intelligence Group Inc makes up approx 0.01% of Barrow Hanley Mewhinney Strauss’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.

Interactive Intelligence Group Inc closed down -0.01 points or -0.02% at $57.2 with 80,859 shares getting traded on Monday. Post opening the session at $57.33, the shares hit an intraday low of $57.0623 and an intraday high of $57.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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