Fort Washington Investment Advisors Inc. OH Boosts Position in RingCentral, Inc. $RNG

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of RingCentral, Inc. (NYSE:RNG) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,316,598 shares of the software maker’s stock after acquiring an additional 92,508 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in RingCentral were worth $38,023,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of RingCentral by 1.1% in the third quarter. Vanguard Group Inc. now owns 11,823,636 shares of the software maker’s stock worth $335,082,000 after acquiring an additional 129,444 shares during the period. Capital World Investors lifted its position in RingCentral by 20.9% during the third quarter. Capital World Investors now owns 11,735,991 shares of the software maker’s stock valued at $332,598,000 after purchasing an additional 2,031,861 shares during the period. Alyeska Investment Group L.P. purchased a new stake in RingCentral in the third quarter valued at $53,365,000. Marshall Wace LLP boosted its holdings in RingCentral by 4.4% in the third quarter. Marshall Wace LLP now owns 1,794,978 shares of the software maker’s stock valued at $50,870,000 after purchasing an additional 75,709 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in RingCentral by 27.6% during the 2nd 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. 98.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings raised RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Mizuho raised their target price on RingCentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Oppenheimer reiterated an “outperform” rating on shares of RingCentral in a research report on Friday, February 20th. Robert W. Baird boosted their price target on RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, February 23rd. Finally, UBS Group set a $38.00 price objective on RingCentral in a research report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, RingCentral currently has an average rating of “Hold” and an average target price of $35.63.

RingCentral Stock Performance

Shares of RingCentral stock opened at $37.53 on Friday. The firm has a 50-day simple moving average of $32.55 and a two-hundred day simple moving average of $30.19. RingCentral, Inc. has a fifty-two week low of $20.58 and a fifty-two week high of $42.42. The company has a market cap of $3.25 billion, a P/E ratio of 78.18, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14.

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

RingCentral Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a $0.075 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.8%. RingCentral’s payout ratio is 62.50%.

Insiders Place Their Bets

In other news, CAO Tarun Arora sold 8,840 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $40.69, for a total transaction of $359,699.60. Following the transaction, the chief accounting officer owned 75,492 shares in the company, valued at $3,071,769.48. This trade represents a 10.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Kira Makagon sold 46,960 shares of RingCentral stock in a transaction on Friday, February 20th. The shares were sold at an average price of $35.49, for a total transaction of $1,666,610.40. Following the completion of the sale, the chief operating officer directly owned 369,524 shares in the company, valued at $13,114,406.76. This represents a 11.28% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 253,031 shares of company stock valued at $9,035,345. Corporate insiders own 7.30% of the company’s stock.

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.