RingCentral, Inc. $RNG Stock Acquired by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors increased its RingCentral stake by 3,230.5% in the third quarter, holding 13,855 shares valued at approximately $1.04 million. Institutional investors collectively own 98.61% of the company.
• RingCentral exceeded quarterly expectations, reporting adjusted EPS of $1.33 versus $1.28 expected and revenue of $676.0 million, up 5.8% year over year. Analysts including Rosenblatt and Needham raised their price targets and maintained bullish views, citing improving margins and AI-driven growth opportunities.
• Shares opened at $86.82, near the 52-week high of $98.14, after a significant rally. While the company pays a $0.125 quarterly dividend, insiders have sold $6.0 million of stock over the past 90 days, adding a potential cautionary signal.

Nisa Investment Advisors LLC boosted its position in shares of RingCentral, Inc. (NYSE:RNG - Free Report) by 3,230.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,855 shares of the software maker's stock after acquiring an additional 13,439 shares during the quarter. Nisa Investment Advisors LLC's holdings in RingCentral were worth $1,035,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. bought a new position in shares of RingCentral in the 3rd quarter valued at about $2,021,000. Fairvoy Private Wealth LLC acquired a new position in shares of RingCentral during the 3rd quarter worth about $1,202,000. Robertson Stephens Wealth Management LLC raised its holdings in shares of RingCentral by 3.4% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 66,160 shares of the software maker's stock valued at $4,942,000 after purchasing an additional 2,179 shares during the period. Fortitude Family Office LLC raised its holdings in shares of RingCentral by 128.1% in the 3rd quarter. Fortitude Family Office LLC now owns 349 shares of the software maker's stock valued at $26,000 after purchasing an additional 196 shares during the period. Finally, NorthCrest Asset Manangement LLC bought a new stake in shares of RingCentral in the 3rd quarter valued at about $303,000. 98.61% of the stock is owned by institutional investors.

Key Headlines Impacting RingCentral

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: Rosenblatt raises target and turns bullish: Rosenblatt Securities increased its price target from $80 to $105 and upgraded RingCentral to “buy,” implying approximately 21% upside from the referenced $86.82 price. Rosenblatt Securities stock recommendations
• Positive Sentiment: Earnings beat reinforced the profit-growth story: RingCentral reported quarterly EPS of $1.33, above the $1.28 consensus estimate, while revenue of $676.0 million exceeded expectations of $667.3 million and increased 5.8% year over year. Coverage highlighted the results as evidence that the company’s profitability is improving. RingCentral stock price climbs as Q3 earnings recast the profit story
• Positive Sentiment: Higher guidance and AI opportunity: Analysts raised their views on RingCentral’s fair value and future performance, citing stronger 2026 guidance, artificial-intelligence-driven products, and expanding margins. This supports the view that the company can grow earnings despite its already substantial year-to-date rally. RingCentral stock fair value rises after analysts lift views on AI and margins
• Positive Sentiment: Broad analyst support: Needham, Morgan Stanley, and Wells Fargo were also reported to have increased their RingCentral price expectations, adding further institutional validation to the bullish narrative. RingCentral price target increase from Needham
• Neutral Sentiment: Valuation remains the key debate: Bullish coverage argues that RingCentral remains inexpensive relative to its earnings potential, but the stock’s sharp rally and proximity to its 12-month high could increase expectations and volatility. RingCentral remains cheap despite surge

Analyst Upgrades and Downgrades

• It's RingCentral NYSE: RNG You Want In Your 2021 Portfolio, Not Zoom NASDAQ: ZM

RNG has been the subject of a number of research analyst reports. Weiss Ratings upgraded RingCentral from a "hold (c)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Royal Bank Of Canada started coverage on RingCentral in a research note on Thursday, September 3rd. They issued an "outperform" rating and a $85.00 price objective on the stock. Rosenblatt Securities raised their price objective on RingCentral from $80.00 to $105.00 and gave the company a "buy" rating in a research report on Monday. Mizuho set a $85.00 price objective on RingCentral in a research report on Friday. Finally, Needham & Company LLC lifted their target price on RingCentral from $85.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $93.92.

Insider Activity at RingCentral

In other RingCentral news, COO Kira Makagon sold 36,185 shares of the company's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $70.11, for a total value of $2,536,930.35. Following the transaction, the chief operating officer directly owned 245,385 shares of the company's stock, valued at $17,203,942.35. This represents a 12.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vladimir Shmunis sold 15,556 shares of the company's stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $71.78, for a total value of $1,116,609.68. Following the completion of the transaction, the chief executive officer directly owned 190,271 shares in the company, valued at approximately $13,657,652.38. This represents a 7.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 84,625 shares of company stock valued at $6,024,953 in the last 90 days. Corporate insiders own 7.30% of the company's stock.

RingCentral Price Performance

Shares of RNG opened at $86.82 on Tuesday. The company's 50-day moving average is $74.28 and its 200-day moving average is $48.04. The firm has a market capitalization of $7.25 billion, a PE ratio of 11.48, a PEG ratio of 1.44 and a beta of 1.10. RingCentral, Inc. has a fifty-two week low of $24.14 and a fifty-two week high of $98.14.

RingCentral (NYSE:RNG - Get Free Report) last announced its earnings results on Thursday, October 22nd. The software maker reported $1.33 EPS for the quarter, topping the consensus estimate of $1.28 by $0.05. RingCentral had a net margin of 25.27% and a negative return on equity of 50.15%. The business had revenue of $676.04 million during the quarter, compared to the consensus estimate of $667.30 million. During the same quarter in the previous year, the firm posted $1.13 EPS. RingCentral's revenue was up 5.8% compared to the same quarter last year. Analysts predict that RingCentral, Inc. will post 2.89 earnings per share for the current fiscal year.

RingCentral Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be given a $0.1250 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.50 annualized dividend and a dividend yield of 0.6%. RingCentral's dividend payout ratio is presently 6.61%.

RingCentral Profile

RingCentral, Inc is a provider of cloud-based business communications and collaboration solutions. Its platform enables organizations to manage business phone services, team messaging, video meetings, contact center operations and other communications through internet-based applications rather than traditional on-premises systems.

The company's offerings include RingEX, a unified communications platform that combines voice, messaging and video; RingCentral Video for online meetings and collaboration; and RingCX, a cloud contact center solution.

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