Integrated Quantitative Investments LLC Purchases 27,027 Shares of RingCentral, Inc. $RNG

Integrated Quantitative Investments LLC grew its position in shares of RingCentral, Inc. (NYSE:RNG) by 302.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,950 shares of the software maker’s stock after acquiring an additional 27,027 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in RingCentral were worth $1,019,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC boosted its holdings in shares of RingCentral by 9.0% in the 1st quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock valued at $283,000 after buying an additional 940 shares during the last quarter. Woodline Partners LP lifted its stake in RingCentral by 14.8% in the first 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of RingCentral by 2.1% in 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. Envestnet Asset Management Inc. increased its stake in shares of RingCentral by 11.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 29,033 shares of the software maker’s stock worth $823,000 after purchasing an additional 2,923 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of RingCentral in the 2nd quarter valued at about $404,000. Institutional investors and hedge funds own 98.61% of the company’s stock.

RingCentral Trading Up 6.7%

RNG opened at $39.29 on Thursday. The company has a market cap of $3.40 billion, a P/E ratio of 81.86, a PEG ratio of 1.45 and a beta of 1.14. The company’s 50 day moving average is $29.47 and its 200-day moving average is $29.29. RingCentral, Inc. has a 1-year low of $20.58 and a 1-year high of $40.64.

RingCentral (NYSE:RNG) last released its quarterly earnings results 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 negative return on equity of 28.14% and a net margin of 1.73%.The firm had revenue of $644.03 million for the quarter, compared to analyst estimates of $643.52 million. During the same quarter in the previous year, the company posted $0.98 EPS. The business’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, equities analysts forecast that RingCentral, Inc. will post 1.29 EPS for the current year.

RingCentral Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts recently commented on RNG shares. Piper Sandler lifted their price target on RingCentral from $28.00 to $37.00 and gave the stock a “neutral” rating in a report on Monday, February 23rd. Robert W. Baird lifted their target price on RingCentral from $30.00 to $34.00 and gave the stock a “neutral” rating in a research note on Monday, February 23rd. Mizuho increased their price target on RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Zacks Research downgraded RingCentral from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings upgraded shares of RingCentral from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Four research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $34.04.

Insider Buying and Selling at RingCentral

In other news, CAO Tarun Arora sold 3,723 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $36.14, for a total value of $134,549.22. Following the transaction, the chief accounting officer owned 84,332 shares in the company, valued at $3,047,758.48. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vaibhav Agarwal sold 18,680 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $36.33, for a total value of $678,644.40. Following the completion of the sale, the chief financial officer directly owned 139,493 shares of the company’s stock, valued at $5,067,780.69. The trade was a 11.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 250,686 shares of company stock valued at $8,865,429 over the last three months. Corporate 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.