RingCentral, Inc. $RNG Stock Position Reduced by State of Wyoming

State of Wyoming decreased its position in RingCentral, Inc. (NYSE:RNG) by 46.5% in the 1st quarter, Holdings Channel.com reports. The fund owned 14,992 shares of the software maker’s stock after selling 13,044 shares during the period. State of Wyoming’s holdings in RingCentral were worth $558,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC lifted its stake in RingCentral by 9.0% during the first quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock worth $283,000 after purchasing an additional 940 shares during the last quarter. Woodline Partners LP increased its stake in RingCentral by 14.8% during the first quarter. Woodline Partners LP now owns 159,474 shares of the software maker’s stock valued at $3,949,000 after purchasing an additional 20,518 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in RingCentral by 2.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker’s stock valued at $6,467,000 after purchasing an additional 5,398 shares during the last quarter. Creative Planning acquired a new stake in shares of RingCentral during the second quarter worth $274,000. Finally, Invesco Ltd. raised its holdings in shares of RingCentral by 10.8% during the second quarter. Invesco Ltd. now owns 137,935 shares of the software maker’s stock worth $3,910,000 after purchasing an additional 13,446 shares during the period. 98.61% of the stock is currently owned by institutional investors.

Insider Transactions at RingCentral

In other RingCentral news, Director Amy Guggenheim Shenkan sold 1,265 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $40.59, for a total value of $51,346.35. Following the sale, the director owned 29,372 shares in the company, valued at approximately $1,192,209.48. This trade represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Agarwal sold 7,047 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 169,282 shares in the company, valued at $7,815,749.94. The trade was a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 sold a total of 44,498 shares of company stock worth $1,892,586 over the last 90 days. Corporate insiders own 7.30% of the company’s stock.

RingCentral Price Performance

Shares of NYSE RNG opened at $48.33 on Friday. RingCentral, Inc. has a 1-year low of $23.59 and a 1-year high of $50.14. The business’s fifty day moving average price is $40.41 and its two-hundred day moving average price is $36.78. The firm has a market capitalization of $4.05 billion, a PE ratio of 38.66, a P/E/G ratio of 1.14 and a beta of 1.14.

RingCentral (NYSE:RNG) last posted its earnings results on Thursday, July 23rd. The software maker reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. RingCentral had a negative return on equity of 34.98% and a net margin of 4.27%.The company had revenue of $657.01 million for the quarter, compared to analysts’ expectations of $650.53 million. During the same period last year, the business posted $1.06 earnings per share. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. Equities research analysts expect that RingCentral, Inc. will post 2.78 earnings per share for the current fiscal year.

RingCentral Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Thursday, August 6th will be given a $0.125 dividend. The ex-dividend date is Thursday, August 6th. This represents a $0.50 annualized dividend and a yield of 1.0%. This is a boost from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s payout ratio is 31.91%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RNG. Needham & Company LLC restated a “buy” rating on shares of RingCentral in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of RingCentral in a research report on Friday, July 17th. Mizuho increased their price objective on shares of RingCentral from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $50.00 target price on shares of RingCentral in a report on Friday. Finally, Piper Sandler raised their target price on shares of RingCentral from $40.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $44.40.

Trending Headlines about RingCentral

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral reported Q2 EPS of $1.22 versus $1.16 expected and revenue of $657.0 million versus $650.5 million expected, showing a solid beat on both the top and bottom lines. RingCentral Q2 Earnings Report
• Positive Sentiment: The company raised Q3 2026 guidance to EPS of $1.25-$1.30 and revenue of $664 million-$670 million, both above consensus, and lifted FY 2026 EPS guidance to $4.96-$5.10. RingCentral Financial Results
• Positive Sentiment: Management and recent commentary point to stronger subscription growth, higher margins, and expanding AI adoption, which are supporting the improved growth outlook. Zacks Q2 Earnings Article
• Positive Sentiment: RingCentral also announced a 66.7% increase in its quarterly dividend to $0.125 per share, signaling confidence in cash generation and capital returns. Insider Monkey Article
• Neutral Sentiment: Mizuho raised its price target to $40 but kept a neutral rating, which is below the current trading level and suggests some caution on valuation. Mizuho Price Target Update
• Neutral Sentiment: Rosenblatt reaffirmed a buy rating with a $50 target, broadly reinforcing the positive post-earnings sentiment. Rosenblatt Rating Update

About RingCentral

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.