Heritage Investors Management Corp Has $3.10 Million Stock Position in RingCentral, Inc. $RNG

Heritage Investors Management Corp decreased its stake in shares of RingCentral, Inc. (NYSE:RNG) by 17.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,471 shares of the software maker’s stock after selling 21,965 shares during the quarter. Heritage Investors Management Corp’s holdings in RingCentral were worth $3,104,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of RingCentral during the 3rd quarter worth approximately $843,000. Invenomic Capital Management LP increased its holdings in shares of RingCentral by 3.9% during the 3rd quarter. Invenomic Capital Management LP now owns 1,482,447 shares of the software maker’s stock worth $42,013,000 after acquiring an additional 55,088 shares during the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of RingCentral by 544.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 91,918 shares of the software maker’s stock worth $2,605,000 after acquiring an additional 77,663 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of RingCentral by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 11,823,636 shares of the software maker’s stock worth $335,082,000 after acquiring an additional 129,444 shares during the last quarter. Finally, Clark Capital Management Group Inc. increased its holdings in shares of RingCentral by 103.3% during the 3rd quarter. Clark Capital Management Group Inc. now owns 303,455 shares of the software maker’s stock worth $8,600,000 after acquiring an additional 154,188 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Insiders Place Their Bets

In other RingCentral news, CEO Vladimir Shmunis sold 95,831 shares of RingCentral stock in a transaction dated Tuesday, February 24th. The stock was 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 legal filing with the SEC, which is available at this link. Also, CAO Tarun Arora sold 8,840 shares of RingCentral stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $40.69, for a total value of $359,699.60. Following the completion of the transaction, the chief accounting officer owned 75,492 shares in the company, valued at approximately $3,071,769.48. This represents a 10.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 219,158 shares of company stock worth $7,906,365. Insiders own 7.30% of the company’s stock.

RingCentral Stock Performance

RNG opened at $43.57 on Friday. The firm has a market cap of $3.66 billion, a P/E ratio of 46.35, a price-to-earnings-growth ratio of 1.24 and a beta of 1.13. RingCentral, Inc. has a 52-week low of $23.59 and a 52-week high of $48.57. The business’s fifty day moving average is $39.56 and its 200-day moving average is $33.13.

RingCentral (NYSE:RNG) last released its earnings results on Thursday, May 7th. The software maker reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.03. The company had revenue of $644.20 million for the quarter, compared to analyst estimates of $642.73 million. RingCentral had a negative return on equity of 33.75% and a net margin of 3.31%.RingCentral’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. On average, research analysts predict that RingCentral, Inc. will post 2.79 earnings per share for the current fiscal year.

RingCentral Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Tuesday, June 2nd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Tuesday, June 2nd. RingCentral’s payout ratio is currently 31.91%.

Analyst Ratings Changes

RNG has been the topic of a number of recent analyst reports. Needham & Company LLC boosted their target price on RingCentral from $36.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, March 13th. Weiss Ratings raised RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, March 2nd. Rosenblatt Securities boosted their target price on RingCentral from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Zacks Research raised RingCentral from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, UBS Group set a $38.00 price target on RingCentral in a research note on Friday, February 20th. Three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.