UBS Group AG Has $14.25 Million Holdings in RingCentral, Inc. $RNG

UBS Group AG boosted its stake in shares of RingCentral, Inc. (NYSE:RNG) by 42.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 493,387 shares of the software maker’s stock after buying an additional 147,019 shares during the period. UBS Group AG’s holdings in RingCentral were worth $14,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in RingCentral by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,823,636 shares of the software maker’s stock worth $335,082,000 after buying an additional 129,444 shares during the period. Capital World Investors raised its holdings in RingCentral by 20.9% during the 3rd quarter. Capital World Investors now owns 11,735,991 shares of the software maker’s stock worth $332,598,000 after buying an additional 2,031,861 shares during the period. Alyeska Investment Group L.P. acquired a new stake in RingCentral during the 3rd quarter worth about $53,365,000. Marshall Wace LLP raised its holdings in RingCentral by 4.4% during the 3rd quarter. Marshall Wace LLP now owns 1,794,978 shares of the software maker’s stock worth $50,870,000 after buying an additional 75,709 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of RingCentral by 27.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,626,454 shares of the software maker’s stock valued at $45,728,000 after purchasing an additional 351,347 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Vladimir Shmunis sold 95,831 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $35.59, for a total value of $3,410,625.29. Following the completion of the sale, the chief executive officer directly owned 126,685 shares of the company’s stock, valued at approximately $4,508,719.15. This represents a 43.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Kira Makagon sold 5,870 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $40.27, for a total value of $236,384.90. Following the completion of the sale, the chief operating officer directly owned 236,715 shares of the company’s stock, valued at $9,532,513.05. This represents a 2.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 259,854 shares of company stock valued at $9,312,708 over the last ninety days. 7.30% of the stock is owned by insiders.

RingCentral Stock Down 7.6%

Shares of RingCentral stock opened at $38.67 on Thursday. The stock has a market capitalization of $3.25 billion, a P/E ratio of 41.14, a PEG ratio of 1.27 and a beta of 1.13. The stock has a 50 day moving average price of $39.29 and a two-hundred day moving average price of $32.57. RingCentral, Inc. has a 12-month low of $23.59 and a 12-month high of $48.57.

RingCentral (NYSE:RNG) last announced its earnings results on Thursday, May 7th. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. The firm had revenue of $644.20 million during the quarter, compared to analysts’ expectations of $642.73 million. RingCentral had a negative return on equity of 33.75% and a net margin of 3.31%.The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. Sell-side analysts anticipate that RingCentral, Inc. will post 2.69 earnings per share for the current year.

RingCentral Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 2nd. RingCentral’s dividend payout ratio is currently 31.91%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Mizuho upped their target price on RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Needham & Company LLC upped their target price on RingCentral from $36.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 13th. Morgan Stanley upped their target price on RingCentral from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday. Rosenblatt Securities upped their target price on RingCentral from $45.00 to $50.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company upped their target price on RingCentral from $32.00 to $43.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, RingCentral has a consensus rating of “Hold” and an average price target of $43.00.

RingCentral Company Profile

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.