RingCentral, Inc. $RNG Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its stake in RingCentral, Inc. (NYSE:RNG) by 92.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,761 shares of the software maker’s stock after selling 454,939 shares during the period. Jefferies Financial Group Inc.’s holdings in RingCentral were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of RingCentral by 1.1% during the third quarter. Vanguard Group Inc. now owns 11,823,636 shares of the software maker’s stock valued at $335,082,000 after acquiring an additional 129,444 shares during the period. Marshall Wace LLP lifted its position in RingCentral by 17.0% in the second quarter. Marshall Wace LLP now owns 1,719,269 shares of the software maker’s stock worth $48,741,000 after purchasing an additional 249,329 shares during the period. AQR Capital Management LLC lifted its position in RingCentral by 27.6% in the second quarter. AQR Capital Management LLC now owns 1,626,454 shares of the software maker’s stock worth $45,728,000 after purchasing an additional 351,347 shares during the period. First Trust Advisors LP boosted its stake in RingCentral by 12.1% during the 3rd quarter. First Trust Advisors LP now owns 1,608,188 shares of the software maker’s stock valued at $45,576,000 after purchasing an additional 173,616 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in RingCentral by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,495,163 shares of the software maker’s stock valued at $42,395,000 after purchasing an additional 65,294 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on RNG shares. Morgan Stanley boosted their price objective on RingCentral from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Piper Sandler raised their price objective on shares of RingCentral from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. UBS Group set a $38.00 target price on shares of RingCentral in a report on Friday, February 20th. Oppenheimer restated an “outperform” rating on shares of RingCentral in a report on Friday, February 20th. Finally, Zacks Research upgraded shares of RingCentral from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.04.

Insiders Place Their Bets

In other RingCentral news, CEO Vladimir Shmunis sold 95,831 shares of RingCentral stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $35.59, for a total transaction of $3,410,625.29. Following the transaction, the chief executive officer owned 126,685 shares of the company’s stock, valued at $4,508,719.15. The trade was a 43.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Tarun Arora sold 8,840 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $40.69, for a total value of $359,699.60. Following the completion of the transaction, the chief accounting officer owned 75,492 shares in the company, valued at $3,071,769.48. This represents a 10.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 259,526 shares of company stock valued at $9,225,128 over the last ninety days. Corporate insiders own 7.30% of the company’s stock.

RingCentral Price Performance

Shares of RNG opened at $38.15 on Friday. RingCentral, Inc. has a one year low of $20.58 and a one year high of $42.42. The company has a 50-day moving average of $30.79 and a two-hundred day moving average of $29.73. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 79.48, a PEG ratio of 1.53 and a beta of 1.14.

RingCentral (NYSE:RNG) last released its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. RingCentral had a net margin of 1.73% and a negative return on equity of 28.14%. The business had revenue of $644.03 million for the quarter, compared to analyst estimates of $643.52 million. During the same quarter in the previous year, the business earned $0.98 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Analysts anticipate that RingCentral, Inc. will post 1.29 earnings per share for the current year.

RingCentral Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th. RingCentral’s payout ratio is presently 62.50%.

About RingCentral

RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.

Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.