RingCentral, Inc. $RNG Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in RingCentral, Inc. (NYSE:RNG) by 32.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,670 shares of the software maker’s stock after selling 32,775 shares during the quarter. Hsbc Holdings PLC’s holdings in RingCentral were worth $2,546,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its position in shares of RingCentral by 269.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock valued at $29,000 after acquiring an additional 738 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in RingCentral by 70.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock valued at $30,000 after purchasing an additional 424 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in RingCentral during the third quarter valued at $30,000. Global Retirement Partners LLC raised its holdings in shares of RingCentral by 70.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,540 shares of the software maker’s stock worth $44,000 after purchasing an additional 639 shares during the period. Finally, SJS Investment Consulting Inc. raised its holdings in shares of RingCentral by 598.3% during the first quarter. SJS Investment Consulting Inc. now owns 1,222 shares of the software maker’s stock worth $45,000 after purchasing an additional 1,047 shares during the period. 98.61% of the stock is owned by institutional investors and hedge funds.

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

RingCentral Stock Up 25.1%

Shares of NYSE:RNG opened at $48.33 on Friday. The company’s 50-day moving average price is $40.41 and its 200 day moving average price is $36.78. The company has a market cap of $4.05 billion, a PE ratio of 38.66, a P/E/G ratio of 1.42 and a beta of 1.14. RingCentral, Inc. has a fifty-two week low of $23.59 and a fifty-two week high of $50.14.

RingCentral (NYSE:RNG) last posted its earnings results on Thursday, July 23rd. The software maker reported $1.22 EPS for the quarter, topping the consensus estimate of $1.16 by $0.06. RingCentral had a net margin of 4.27% and a negative return on equity of 34.98%. The firm had revenue of $657.01 million during the quarter, compared to analysts’ expectations of $650.53 million. During the same quarter in the prior year, the firm earned $1.06 EPS. RingCentral’s quarterly revenue was up 5.9% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. As a group, equities analysts anticipate that RingCentral, Inc. will post 2.78 EPS for the current year.

RingCentral Increases Dividend

The firm also recently announced 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 an increase from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s payout ratio is 40.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on RNG shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $50.00 price target on shares of RingCentral in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of RingCentral in a report on Friday, July 17th. Needham & Company LLC reaffirmed a “buy” rating on shares of RingCentral in a report on Monday, July 20th. Jefferies Financial Group reiterated a “hold” rating and set a $40.00 price target on shares of RingCentral in a research report on Saturday, May 9th. Finally, Morgan Stanley raised their price target on RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $44.40.

Insider Transactions at RingCentral

In other news, COO Kira Makagon sold 16,988 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $42.54, for a total transaction of $722,669.52. Following the transaction, the chief operating officer directly owned 212,724 shares of the company’s stock, valued at approximately $9,049,278.96. This trade represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amy Guggenheim Shenkan sold 1,265 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $40.59, for a total transaction of $51,346.35. Following the completion of the sale, the director directly owned 29,372 shares of the company’s stock, valued at $1,192,209.48. The trade was a 4.13% 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. Insiders sold 44,498 shares of company stock worth $1,892,586 over the last quarter. Insiders own 7.30% of the company’s stock.

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.