Clark Capital Management Group Inc. Buys 154,188 Shares of RingCentral, Inc. $RNG

Key Points

• Clark Capital Management increased its stake in RingCentral by 103.3%, buying 154,188 shares to own 303,455 shares worth about $8.6 million (≈0.34% of the company).
• Company insiders sold a total of 259,526 shares in the last quarter — including CEO Vladimir Shmunis's sale of 95,831 shares — totaling roughly $9.23 million and leaving insiders with 7.3% ownership.
• RingCentral slightly beat quarterly EPS expectations ($1.18 vs. $1.14) on $644M revenue, provided FY2026 EPS guidance of 4.760–4.970, announced a $0.075 quarterly dividend (0.8% yield), and carries a consensus analyst rating of Hold with a $35.63 target.

Clark Capital Management Group Inc. raised its stake in shares of RingCentral, Inc. (NYSE:RNG - Free Report) by 103.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 303,455 shares of the software maker's stock after purchasing an additional 154,188 shares during the period. Clark Capital Management Group Inc. owned 0.34% of RingCentral worth $8,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC lifted its position in shares of RingCentral by 98.5% in the third quarter. Global Retirement Partners LLC now owns 901 shares of the software maker's stock worth $26,000 after buying an additional 447 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in RingCentral during the 3rd quarter valued at approximately $30,000. Jones Financial Companies Lllp increased its stake in RingCentral by 61.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker's stock worth $37,000 after acquiring an additional 464 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in RingCentral by 103.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,823 shares of the software maker's stock worth $52,000 after acquiring an additional 925 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of RingCentral during the 3rd quarter worth approximately $66,000. Hedge funds and other institutional investors own 98.61% of the company's stock.

Insider Activity

In related news, CEO Vladimir Shmunis sold 95,831 shares of the company's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $35.59, for a total transaction of $3,410,625.29. Following the transaction, the chief executive officer directly owned 126,685 shares in the company, valued at approximately $4,508,719.15. This represents a 43.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Tarun Arora sold 8,840 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $40.69, for a total transaction of $359,699.60. Following the completion of the sale, the chief accounting officer directly owned 75,492 shares in the company, valued at $3,071,769.48. This trade represents a 10.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 259,526 shares of company stock valued at $9,225,128 in the last quarter. 7.30% of the stock is currently owned by company insiders.

RingCentral Stock Performance

NYSE RNG opened at $37.76 on Monday. The company has a market cap of $3.27 billion, a P/E ratio of 78.66, a P/E/G ratio of 1.49 and a beta of 1.14. The business's 50 day moving average price is $30.99 and its 200-day moving average price is $29.76. RingCentral, Inc. has a fifty-two week low of $20.58 and a fifty-two week high of $42.42.

RingCentral (NYSE:RNG - Get Free Report) last issued its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.04. The company had revenue of $644.03 million during the quarter, compared to the consensus estimate of $643.52 million. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.RingCentral's revenue was up 4.8% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. RingCentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. As a group, equities analysts predict that RingCentral, Inc. will post 1.29 EPS for the current year.

RingCentral Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, March 9th. RingCentral's dividend payout ratio (DPR) is 62.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Needham & Company LLC increased their target price on RingCentral from $36.00 to $55.00 and gave the company a "buy" rating in a research report on Friday. Zacks Research upgraded shares of RingCentral from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Piper Sandler upped their price target on shares of RingCentral from $28.00 to $37.00 and gave the company a "neutral" rating in a research note on Monday, February 23rd. Mizuho increased their price objective on shares of RingCentral from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Friday, February 20th. Finally, Weiss Ratings raised shares of RingCentral from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $35.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.