Harel Insurance Investments & Financial Services Ltd. Purchases 105,145 Shares of RingCentral, Inc. $RNG

Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of RingCentral, Inc. (NYSE:RNG) by 60.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 280,323 shares of the software maker’s stock after acquiring an additional 105,145 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in RingCentral were worth $8,096,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of RNG. Empowered Funds LLC lifted its position in shares of RingCentral by 9.0% during the 1st quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock valued at $283,000 after acquiring an additional 940 shares during the period. Woodline Partners LP lifted its position in shares of RingCentral by 14.8% during the 1st quarter. Woodline Partners LP now owns 159,474 shares of the software maker’s stock valued at $3,949,000 after acquiring an additional 20,518 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of RingCentral by 2.1% during the 1st 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 acquiring an additional 5,398 shares during the period. Creative Planning acquired a new position in shares of RingCentral during the 2nd quarter valued at $274,000. Finally, Invesco Ltd. lifted its position in shares of RingCentral by 10.8% during the 2nd quarter. Invesco Ltd. now owns 137,935 shares of the software maker’s stock valued at $3,910,000 after acquiring an additional 13,446 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

RingCentral Price Performance

NYSE RNG opened at $47.77 on Wednesday. RingCentral, Inc. has a 1 year low of $23.59 and a 1 year high of $48.57. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 99.52, a PEG ratio of 1.81 and a beta of 1.13. The company has a fifty day moving average price of $38.33 and a 200-day moving average price of $31.90.

RingCentral (NYSE:RNG) last posted its earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.04. RingCentral had a net margin of 1.73% and a negative return on equity of 28.14%. The firm had revenue of $644.03 million during the quarter, compared to analyst estimates of $643.52 million. During the same quarter in the prior year, the business posted $0.98 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. 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, research analysts anticipate that RingCentral, Inc. will post 2.68 EPS for the current fiscal year.

RingCentral Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a dividend of $0.075 per share. The ex-dividend date was Monday, March 9th. This represents a $0.30 annualized dividend and a yield of 0.6%. RingCentral’s dividend payout ratio is presently 62.50%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on RNG. Weiss Ratings upgraded shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, March 2nd. Robert W. Baird upped their price objective on shares of RingCentral from $30.00 to $34.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. Rosenblatt Securities upped their price objective on shares of RingCentral from $32.00 to $37.50 and gave the stock a “buy” rating in a report on Friday, February 20th. Zacks Research upgraded shares of RingCentral from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Finally, Morgan Stanley upped their price objective on shares of RingCentral from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $35.63.

Insider Activity at RingCentral

In related news, CAO Tarun Arora sold 8,840 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $40.69, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Agarwal sold 18,680 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $36.33, for a total transaction of $678,644.40. Following the transaction, the chief financial officer owned 139,493 shares of the company’s stock, valued at approximately $5,067,780.69. The trade was a 11.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 259,854 shares of company stock worth $9,312,708 in the last ninety days. Corporate insiders own 7.30% of the company’s stock.

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.