RingCentral, Inc. $RNG Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of RingCentral, Inc. (NYSE:RNG) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,823,636 shares of the software maker’s stock after acquiring an additional 129,444 shares during the quarter. Vanguard Group Inc. owned approximately 13.06% of RingCentral worth $335,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH lifted its stake in RingCentral by 22.9% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 1,224,090 shares of the software maker’s stock worth $34,691,000 after purchasing an additional 228,202 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in RingCentral by 544.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,918 shares of the software maker’s stock valued at $2,605,000 after acquiring an additional 77,663 shares during the period. Russell Investments Group Ltd. boosted its holdings in RingCentral by 79.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 340,188 shares of the software maker’s stock valued at $9,610,000 after acquiring an additional 150,537 shares during the period. Vise Technologies Inc. acquired a new position in RingCentral in the 2nd quarter valued at about $430,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of RingCentral by 29.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 599,629 shares of the software maker’s stock worth $16,999,000 after purchasing an additional 134,992 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

RingCentral Trading Down 2.4%

RNG stock opened at $36.26 on Friday. The company has a market capitalization of $3.14 billion, a P/E ratio of 75.54, a PEG ratio of 1.47 and a beta of 1.23. The business has a 50 day simple moving average of $28.98 and a 200-day simple moving average of $29.14. RingCentral, Inc. has a twelve month low of $20.58 and a twelve month high of $40.64.

RingCentral (NYSE:RNG) last announced 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. RingCentral had a net margin of 1.73% and a negative return on equity of 29.05%. The business had revenue of $644.03 million for the quarter, compared to analysts’ expectations of $643.52 million. During the same period in the previous year, the company posted $0.98 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. Research analysts predict that RingCentral, Inc. will post 1.29 EPS for the current fiscal year.

RingCentral Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, March 9th.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RNG. Oppenheimer reaffirmed an “outperform” rating on shares of RingCentral in a research report on Friday, February 20th. UBS Group set a $38.00 price objective on RingCentral in a research note on Friday, February 20th. Piper Sandler lifted their price target on shares of RingCentral from $28.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday. Robert W. Baird raised their price objective on shares of RingCentral from $30.00 to $34.00 and gave the company a “neutral” rating in a report on Monday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of RingCentral in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, RingCentral has a consensus rating of “Hold” and a consensus target price of $34.04.

Insider Buying and Selling

In related news, CAO Tarun Arora sold 3,888 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $28.70, for a total transaction of $111,585.60. Following the completion of the sale, the chief accounting officer directly owned 93,412 shares of the company’s stock, valued at $2,680,924.40. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Kira Makagon sold 46,960 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $35.49, for a total transaction of $1,666,610.40. Following the transaction, the chief operating officer owned 369,524 shares of the company’s stock, valued at approximately $13,114,406.76. The trade was a 11.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 232,171 shares of company stock worth $8,163,821. 7.30% of the stock is currently owned by company insiders.

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.