Omni Partners Llp adds Interactive Intelligence Group Inc (ININ) to its portfolio

Interactive Intelligence Group Inc (ININ) : Omni Partners Llp added new position in Interactive Intelligence Group Inc during the most recent quarter end. The investment management firm now holds 15,843 shares of Interactive Intelligence Group Inc which is valued at $956,125 , the company said in a statement filed on Nov 14, 2016 with the SEC.Interactive Intelligence Group Inc makes up approximately 0.32% of Omni Partners Llp’s portfolio.

Other Hedge Funds, Including , Cssil added ININ to its portfolio by purchasing 15,600 company shares during the most recent quarter which is valued at $941,460. Interactive Intelligence Group Inc makes up approx 0.10% of Cssil’s portfolio.Alliancebernstein reduced its stake in ININ by selling 500 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 27,086 shares of ININ which is valued at $1,635,994.Blackrock Institutional Trust Company N.a. boosted its stake in ININ in the latest quarter, The investment management firm added 7,792 additional shares and now holds a total of 463,129 shares of Interactive Intelligence Group Inc which is valued at $27,996,148. Teacher Retirement System Of Texas sold out all of its stake in ININ during the most recent quarter. The investment firm sold 2,427 shares of ININ which is valued $146,469.

Interactive Intelligence Group Inc opened for trading at $60.45 and hit $60.5 on the upside on Monday, eventually ending the session at $60.5, with a gain of 0.08% or 0.05 points. The heightened volatility saw the trading volume jump to 1,94,337 shares. Company has a market cap of $1,352 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. Interactive Intelligence Group Inc was Downgraded by Craig Hallum to ” Hold” on Sep 2, 2016. Interactive Intelligence Group Inc was Downgraded by ROTH Capital to ” Neutral” on Sep 1, 2016. Interactive Intelligence Group Inc was Downgraded by Northland Capital to ” Market Perform” on Sep 1, 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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