RingCentral, Inc. $RNG Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its position in RingCentral, Inc. (NYSE:RNG) by 16.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,601 shares of the software maker’s stock after selling 11,881 shares during the quarter. Sterling Capital Management LLC owned about 0.07% of RingCentral worth $4,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Quantinno Capital Management LP raised its position in shares of RingCentral by 150.4% in the first quarter. Quantinno Capital Management LP now owns 1,976,995 shares of the software maker’s stock worth $73,524,000 after buying an additional 1,187,437 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of RingCentral by 8.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,308,949 shares of the software maker’s stock valued at $48,676,000 after acquiring an additional 101,002 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of RingCentral by 28.6% during the 1st quarter. Bank of New York Mellon Corp now owns 585,789 shares of the software maker’s stock valued at $21,785,000 after acquiring an additional 130,418 shares during the last quarter. Principal Financial Group Inc. bought a new stake in shares of RingCentral during the 1st quarter valued at about $13,719,000. Finally, Hillsdale Investment Management Inc. boosted its position in shares of RingCentral by 0.3% during the 1st quarter. Hillsdale Investment Management Inc. now owns 294,050 shares of the software maker’s stock valued at $10,936,000 after acquiring an additional 800 shares during the last quarter. 98.61% of the stock is owned by institutional investors.

RingCentral Stock Performance

RNG stock opened at $83.46 on Friday. The company has a market capitalization of $6.97 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.44 and a beta of 1.10. RingCentral, Inc. has a one year low of $24.14 and a one year high of $98.14. The company’s 50 day moving average price is $74.01 and its two-hundred day moving average price is $54.24.

RingCentral (NYSE:RNG) last announced its quarterly earnings data on Thursday, October 22nd. The software maker reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. RingCentral had a net margin of 25.27% and a negative return on equity of 37.87%. The company had revenue of $676.04 million during the quarter, compared to analysts’ expectations of $667.30 million. During the same quarter in the prior year, the company earned $1.13 EPS. The firm’s revenue was up 5.8% on a year-over-year basis. On average, research analysts predict that RingCentral, Inc. will post 2.89 EPS for the current year.

RingCentral Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 6th. RingCentral’s dividend payout ratio (DPR) is 40.00%.

Insider Activity

In other news, CAO Tarun Arora sold 4,172 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $70.36, for a total value of $293,541.92. Following the completion of the sale, the chief accounting officer owned 65,692 shares of the company’s stock, valued at approximately $4,622,089.12. The trade was a 5.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Agarwal sold 7,046 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $72.10, for a total value of $508,016.60. Following the sale, the chief financial officer owned 146,700 shares of the company’s stock, valued at $10,577,070. This represents a 4.58% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 84,625 shares of company stock valued at $6,024,953. Company insiders own 7.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Jefferies Financial Group boosted their price objective on RingCentral from $40.00 to $75.00 and gave the stock a “hold” rating in a report on Friday. Oppenheimer lifted their target price on shares of RingCentral from $85.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday. FBN Securities reiterated an “outperform” rating and set a $105.00 target price on shares of RingCentral in a research report on Friday. Robert W. Baird set a $95.00 price target on shares of RingCentral in a research note on Friday. Finally, UBS Group set a $91.00 price target on shares of RingCentral in a report on Friday. Six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, RingCentral currently has an average rating of “Hold” and a consensus target price of $89.69.

More RingCentral News

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: Raised full-year guidance: RingCentral now expects fiscal 2026 adjusted EPS of $5.07–$5.12, well above the $4.61 analyst consensus, and revenue of approximately $2.7 billion versus expectations of $2.6 billion. Fourth-quarter EPS guidance of $1.32–$1.37 also exceeds the $1.24 consensus, while revenue guidance is slightly above estimates. RingCentral guidance
• Positive Sentiment: Beat quarterly expectations: Third-quarter EPS came in at $1.33 versus the $1.28 consensus, while revenue of $676.04 million exceeded estimates of $667.30 million and increased 5.8% year over year. RingCentral Q3 earnings
• Positive Sentiment: AI growth is becoming material: Paid artificial-intelligence product annual recurring revenue surpassed $400 million, with reports indicating that AI monetization roughly doubled. This supports expectations for stronger growth and margin expansion. RingCentral long-term investor takeaways
• Positive Sentiment: Balance sheet improved: RingCentral reduced gross debt below $1 billion ahead of schedule, while earnings and cash flow improved. The company also declared a quarterly dividend of $0.125 per share, equal to a $0.50 annualized payout. RingCentral outlook and cash flow
• Neutral Sentiment: Analyst targets moved higher: Needham raised its target to $110 with a Buy rating, FBN Securities lifted its target to $105, and Morgan Stanley increased its target to $91 while retaining Equal Weight. Wells Fargo also raised its target to $85 but maintained Equal Weight, suggesting some analysts view the near-term upside as more limited.
• Neutral Sentiment: At approximately $83.46, RingCentral remains below its $98.14 52-week high but trades well above its 50-day and 200-day moving averages, indicating strong momentum alongside a higher valuation.

About RingCentral

RingCentral, Inc is a provider of cloud-based business communications and collaboration solutions. Its platform enables organizations to manage business phone services, team messaging, video meetings, contact center operations and other communications through internet-based applications rather than traditional on-premises systems.

The company’s offerings include RingEX, a unified communications platform that combines voice, messaging and video; RingCentral Video for online meetings and collaboration; and RingCX, a cloud contact center solution.