Whale Rock Capital Management adds Interactive Intelligence Group Inc (ININ) to its portfolio

Interactive Intelligence Group Inc (ININ) : Whale Rock Capital Management added new position in Interactive Intelligence Group Inc during the most recent quarter end. The investment management firm now holds 814,641 shares of Interactive Intelligence Group Inc which is valued at $47,583,181 , the company said in a statement filed on Aug 15, 2016 with the SEC.Interactive Intelligence Group Inc makes up approximately 3.72% of Whale Rock Capital Management’s portfolio.

Other Hedge Funds, Including , Walleye Trading reduced its stake in ININ by selling 1,758 shares or 9.09% in the most recent quarter. The Hedge Fund company now holds 17,582 shares of ININ which is valued at $1,026,965. Interactive Intelligence Group Inc makes up approx 0.08% of Walleye Trading’s portfolio.Riverhead Capital Management boosted its stake in ININ in the latest quarter, The investment management firm added 1,387 additional shares and now holds a total of 1,562 shares of Interactive Intelligence Group Inc which is valued at $91,236.Texas Permanent School Fund reduced its stake in ININ by selling 538 shares or 3.83% in the most recent quarter. The Hedge Fund company now holds 13,506 shares of ININ which is valued at $788,885. Interactive Intelligence Group Inc makes up approx 0.01% of Texas Permanent School Fund’s portfolio.Blackrock Advisors boosted its stake in ININ in the latest quarter, The investment management firm added 621 additional shares and now holds a total of 8,839 shares of Interactive Intelligence Group Inc which is valued at $516,286.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 opened for trading at $59.87 and hit $60.45 on the upside on Thursday, eventually ending the session at $60.14, with a gain of 0.48% or 0.29 points. The heightened volatility saw the trading volume jump to 14,21,657 shares. Company has a market cap of $1,337 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Interactive Intelligence Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Interactive Intelligence Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.