Universal Beteiligungs und Servicegesellschaft mbH Has $6.92 Million Stock Holdings in RingCentral, Inc. $RNG

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of RingCentral, Inc. (NYSE:RNG) by 70.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 239,070 shares of the software maker’s stock after buying an additional 98,561 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in RingCentral were worth $6,918,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Global Retirement Partners LLC lifted its stake in RingCentral by 98.5% in the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock valued at $26,000 after purchasing an additional 447 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in RingCentral in the 3rd quarter valued at about $30,000. Jones Financial Companies Lllp boosted its holdings in shares of RingCentral by 61.6% during the third quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock worth $37,000 after acquiring an additional 464 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of RingCentral by 103.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,823 shares of the software maker’s stock worth $52,000 after purchasing an additional 925 shares during the period. Finally, Rothschild Investment LLC bought a new position in shares of RingCentral during the third quarter worth approximately $66,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at RingCentral

In related news, CEO Vladimir Shmunis sold 95,831 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $35.59, for a total value of $3,410,625.29. Following the transaction, the chief executive officer owned 126,685 shares in the company, valued at $4,508,719.15. The trade was a 43.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Agarwal sold 18,680 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $36.33, for a total transaction of $678,644.40. Following the completion of the transaction, the chief financial officer owned 139,493 shares in the company, valued at approximately $5,067,780.69. The trade was a 11.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 253,984 shares of company stock worth $9,076,324. Company insiders own 7.30% of the company’s stock.

Wall Street Analyst Weigh In

RNG has been the subject of several recent research reports. Piper Sandler boosted their price target on RingCentral from $28.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday, February 23rd. Rosenblatt Securities boosted their price target on RingCentral from $32.00 to $37.50 and gave the company a “buy” rating in a research note on Friday, February 20th. Morgan Stanley boosted their price target on RingCentral from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Needham & Company LLC boosted their price target on RingCentral from $36.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, March 13th. Finally, Weiss Ratings upgraded shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $35.63.

RingCentral Stock Performance

NYSE RNG opened at $40.42 on Tuesday. The firm’s fifty day moving average price is $37.52 and its two-hundred day moving average price is $31.48. The stock has a market cap of $3.50 billion, a PE ratio of 84.21, a PEG ratio of 1.57 and a beta of 1.14. RingCentral, Inc. has a fifty-two week low of $23.59 and a fifty-two week high of $43.83.

RingCentral (NYSE:RNG) last posted its earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share for the quarter, topping 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 net margin of 1.73% and a negative return on equity of 28.14%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 earnings per share. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. As a group, sell-side analysts predict that RingCentral, Inc. will post 2.68 earnings per share for the current fiscal year.

RingCentral Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were paid a $0.075 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. RingCentral’s payout ratio is currently 62.50%.

RingCentral 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.