SG Americas Securities LLC Reduces Holdings in RingCentral, Inc. $RNG

SG Americas Securities LLC trimmed its stake in shares of RingCentral, Inc. (NYSE:RNG) by 67.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,307 shares of the software maker’s stock after selling 182,656 shares during the quarter. SG Americas Securities LLC’s holdings in RingCentral were worth $3,210,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Capital World Investors lifted its position in RingCentral by 20.9% in 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 last quarter. LSV Asset Management grew its holdings in shares of RingCentral by 142.4% in the fourth quarter. LSV Asset Management now owns 2,871,700 shares of the software maker’s stock worth $82,935,000 after purchasing an additional 1,686,900 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of RingCentral by 35.4% in the fourth quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker’s stock worth $57,874,000 after buying an additional 523,966 shares during the period. Alyeska Investment Group L.P. purchased a new position in shares of RingCentral in the third quarter worth $53,365,000. Finally, 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 valued at $50,870,000 after buying an additional 75,709 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at RingCentral

In other news, CFO Vaibhav Agarwal sold 7,047 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $46.17, for a total transaction of $325,359.99. Following the sale, the chief financial officer owned 169,282 shares in the company, valued at approximately $7,815,749.94. The trade was a 4.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Also, CAO Tarun Arora sold 3,615 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $43.00, for a total transaction of $155,445.00. Following the completion of the sale, the chief accounting officer directly owned 68,100 shares in the company, valued at $2,928,300. This represents a 5.04% 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. Insiders have sold 41,656 shares of company stock worth $1,780,310 over the last ninety days. 7.30% of the stock is owned by corporate insiders.

RingCentral Price Performance

Shares of NYSE RNG opened at $39.05 on Wednesday. RingCentral, Inc. has a 1 year low of $23.59 and a 1 year high of $49.85. The stock has a market capitalization of $3.27 billion, a P/E ratio of 41.54, a P/E/G ratio of 1.15 and a beta of 1.14. The company’s 50-day moving average is $40.76 and its 200 day moving average is $35.39.

RingCentral (NYSE:RNG) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.03. RingCentral had a negative return on equity of 33.75% and a net margin of 3.31%.The business had revenue of $644.20 million for the quarter, compared to analysts’ expectations of $642.73 million. During the same period in the previous year, the firm posted $1.00 EPS. The business’s revenue was up 5.3% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. Research analysts anticipate that RingCentral, Inc. will post 2.78 earnings per share for the current year.

RingCentral Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Investors of record on Tuesday, June 2nd were given a dividend of $0.075 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $0.30 annualized dividend and a dividend yield of 0.8%. RingCentral’s payout ratio is currently 31.91%.

Analyst Upgrades and Downgrades

RNG has been the subject of several analyst reports. Zacks Research raised shares of RingCentral from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price objective on shares of RingCentral in a research report on Saturday, May 9th. Morgan Stanley increased their target price on shares of RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Wells Fargo & Company raised their target price on RingCentral from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Finally, Robert W. Baird set a $45.00 price target on RingCentral in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and nine 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 price target of $43.00.

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.