Hillsdale Investment Management Inc. Boosts Stake in Ringcentral, Inc. $RNG

Hillsdale Investment Management Inc. grew its position in Ringcentral, Inc. (NYSE:RNG) by 31.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 277,650 shares of the software maker’s stock after acquiring an additional 66,200 shares during the period. Hillsdale Investment Management Inc.’s holdings in Ringcentral were worth $7,869,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RNG. Amalgamated Bank grew its stake in Ringcentral by 6.9% during the 3rd quarter. Amalgamated Bank now owns 6,512 shares of the software maker’s stock worth $185,000 after purchasing an additional 418 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of Ringcentral by 98.5% during the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock worth $26,000 after acquiring an additional 447 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Ringcentral by 61.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock valued at $37,000 after acquiring an additional 464 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Ringcentral by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 68,575 shares of the software maker’s stock worth $1,944,000 after acquiring an additional 524 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Ringcentral by 2.4% during the second quarter. Treasurer of the State of North Carolina now owns 37,397 shares of the software maker’s stock worth $1,060,000 after purchasing an additional 866 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RNG has been the topic of a number of recent analyst reports. Rosenblatt Securities increased their target price on shares of Ringcentral from $32.00 to $37.50 and gave the company a “buy” rating in a research report on Friday. Mizuho boosted their price objective on Ringcentral from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday. Morgan Stanley decreased their price objective on Ringcentral from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Oppenheimer reaffirmed an “outperform” rating on shares of Ringcentral in a report on Friday. Finally, UBS Group set a $38.00 price target on shares of Ringcentral in a research note on Friday. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.88.

Insider Buying and Selling at Ringcentral

In other Ringcentral news, CAO Tarun Arora sold 3,888 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $28.70, for a total transaction of $111,585.60. Following the transaction, the chief accounting officer owned 93,412 shares of the company’s stock, valued at $2,680,924.40. This represents a 4.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Kira Makagon sold 14,798 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $28.11, for a total value of $415,971.78. Following the sale, the chief operating officer owned 349,358 shares in the company, valued at $9,820,453.38. This trade represents a 4.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 53,141 shares of company stock worth $1,491,632. Insiders own 7.30% of the company’s stock.

Ringcentral Trading Up 34.4%

Shares of Ringcentral stock opened at $39.50 on Friday. The company has a 50-day moving average of $28.38 and a two-hundred day moving average of $28.87. Ringcentral, Inc. has a 12-month low of $20.58 and a 12-month high of $40.64. The stock has a market cap of $3.42 billion, a PE ratio of 82.29, a price-to-earnings-growth ratio of 1.21 and a beta of 1.23.

Ringcentral (NYSE:RNG) last issued its quarterly earnings data on Thursday, February 19th. The software maker reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.04. Ringcentral had a net margin of 1.73% and a negative return on equity of 29.05%. The firm had revenue of $644.03 million for the quarter, compared to analysts’ expectations of $643.52 million. During the same period in the prior year, the company earned $0.98 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Ringcentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. On average, sell-side analysts forecast that Ringcentral, Inc. will post 1.29 EPS for the current fiscal year.

Ringcentral Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th.

Key Stories Impacting Ringcentral

Here are the key news stories impacting Ringcentral this week:

• Positive Sentiment: Q4 beat and stronger guidance — RNG reported $1.18 EPS and $644.0M revenue, topping estimates, with subscription sales and margins improving; management raised FY‑2026 EPS and Q1 EPS guidance well above Street expectations, underpinning the move higher. MarketBeat Q4 release
• Positive Sentiment: AI momentum cited as driver — Management and coverage note that RingCentral’s AI features are lifting bookings and revenue trends, helping convince investors that the company can sustain growth vs. other software names. CNBC AI / rally article
• Positive Sentiment: Earnings coverage and analyst commentary reinforce the beat — Multiple outlets and earnings notes highlight improved subscription trends and margin expansion, supporting investor confidence in the company’s execution. Zacks Q4 coverage
• Positive Sentiment: Unusual call buying — Options flow showed a large spike in call purchases, signaling speculative or institutional bullish positioning that can amplify intraday moves. Options activity note
• Neutral Sentiment: Analyst target updates mixed — Rosenblatt raised its price target and maintained a buy rating, a supportive signal, though some targets and commentary vary across brokers. Benzinga note
• Neutral Sentiment: Small quarterly dividend declared — RingCentral announced a $0.075 per‑share dividend (ex‑dividend March 9), a modest yield that is unlikely to be a major stock mover. Dividend announcement
• Negative Sentiment: Valuation and risk attention — Coverage of RNG joining S&P indices also flags valuation and other risks, which could cap upside if investors focus on stretched multiples and execution risks. Yahoo S&P indices article
• Negative Sentiment: Profitability metrics still mixed — Reports note a very low net margin and negative return on equity, which may keep longer‑term skeptics cautious despite the quarter’s beat. Earnings call transcript

Ringcentral Company 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.