Shares of Inteliquent Inc. (NASDAQ:IQNT) rose 2.4% on Wednesday . The stock traded as high as $20.73 and last traded at $20.69, with a volume of 368,680 shares traded. The stock had previously closed at $20.21.

IQNT has been the topic of several recent research reports. Zacks Investment Research raised Inteliquent from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Morgan Stanley reaffirmed a “hold” rating on shares of Inteliquent in a research note on Thursday, June 30th.

The company’s 50 day moving average is $18.23 and its 200 day moving average is $16.95. The company has a market cap of $704.77 million and a price-to-earnings ratio of 19.51.

Inteliquent (NASDAQ:IQNT) last announced its earnings results on Thursday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. During the same period in the prior year, the business earned $0.33 earnings per share. The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $85.94 million. The firm’s revenue for the quarter was up 49.4% on a year-over-year basis. On average, equities research analysts forecast that Inteliquent Inc. will post $1.26 earnings per share for the current year.

In other news, CMO John M. Schoder sold 2,315 shares of Inteliquent stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $17.10, for a total value of $39,586.50. Following the completion of the transaction, the chief marketing officer now directly owns 48,172 shares of the company’s stock, valued at approximately $823,741.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP John Harrington sold 15,155 shares of Inteliquent stock in a transaction dated Tuesday, May 3rd. The stock was sold at an average price of $16.40, for a total value of $248,542.00. Following the completion of the transaction, the senior vice president now directly owns 18,986 shares of the company’s stock, valued at $311,370.40. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have bought and sold shares of the company. California State Teachers Retirement System raised its position in Inteliquent by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 62,167 shares of the company’s stock valued at $1,105,000 after buying an additional 1,100 shares during the period. Globeflex Capital L P raised its position in Inteliquent by 31.7% in the fourth quarter. Globeflex Capital L P now owns 85,627 shares of the company’s stock valued at $1,522,000 after buying an additional 20,600 shares during the period. Nationwide Fund Advisors raised its position in Inteliquent by 18.3% in the fourth quarter. Nationwide Fund Advisors now owns 156,363 shares of the company’s stock valued at $2,779,000 after buying an additional 24,229 shares during the period. Systematic Financial Management LP raised its position in Inteliquent by 6.1% in the fourth quarter. Systematic Financial Management LP now owns 421,048 shares of the company’s stock valued at $7,482,000 after buying an additional 24,310 shares during the period. Finally, SECOR Capital Advisors LP raised its position in Inteliquent by 80.0% in the fourth quarter. SECOR Capital Advisors LP now owns 61,586 shares of the company’s stock valued at $1,094,000 after buying an additional 27,381 shares during the period.

Inteliquent, Inc is a provider of voice telecommunications services primarily on a wholesale basis. The Company offers its services using an all-Internet Protocol (IP) network, which enables to deliver connectivity for a range of media, including voice, and data and video. The Company’s solutions enable carriers and other providers to deliver voice traffic or other services where they do not have their own network.

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