Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires New Shares in RingCentral, Inc. $RNG

Posted by Brenda Bartman on Jul 18th, 2026

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in RingCentral, Inc. (NYSE:RNG – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 18,750 shares of the software maker’s stock, valued at approximately $697,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of RingCentral by 269.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock worth $29,000 after buying an additional 738 shares during the period. Rockefeller Capital Management L.P. grew its holdings in shares of RingCentral by 70.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock valued at $30,000 after purchasing an additional 424 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of RingCentral during the 3rd quarter valued at about $30,000. Global Retirement Partners LLC lifted its stake in shares of RingCentral by 70.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,540 shares of the software maker’s stock valued at $44,000 after purchasing an additional 639 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in RingCentral by 598.3% in the first quarter. SJS Investment Consulting Inc. now owns 1,222 shares of the software maker’s stock worth $45,000 after buying an additional 1,047 shares during the last quarter. Hedge funds and other institutional investors own 98.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on RNG shares. Oppenheimer reaffirmed an “outperform” rating and set a $50.00 price target on shares of RingCentral in a research note on Friday, May 8th. Morgan Stanley upped their target price on RingCentral from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Jefferies Financial Group restated a “hold” rating and set a $40.00 price objective on shares of RingCentral in a report on Saturday, May 9th. Robert W. Baird set a $45.00 target price on RingCentral in a research note on Friday, May 8th. Finally, Wells Fargo & Company lifted their target price on RingCentral from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.00.

Check Out Our Latest Stock Report on RNG

RingCentral Stock Performance

Shares of NYSE:RNG opened at $41.11 on Friday. The firm’s 50 day simple moving average is $40.42 and its 200-day simple moving average is $36.36. RingCentral, Inc. has a one year low of $23.59 and a one year high of $49.85. The firm has a market cap of $3.45 billion, a PE ratio of 43.73, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

RingCentral (NYSE:RNG – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. RingCentral had a negative return on equity of 33.75% and a net margin of 3.31%.The firm had revenue of $644.20 million during the quarter, compared to analyst estimates of $642.73 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. RingCentral’s quarterly revenue was up 5.3% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. Equities research analysts predict that RingCentral, Inc. will post 2.78 EPS for the current fiscal year.

RingCentral Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Tuesday, June 2nd were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, June 2nd. RingCentral’s dividend payout ratio is currently 31.91%.

Insider Buying and Selling at RingCentral

In related news, COO Kira Makagon sold 16,988 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $42.54, for a total value of $722,669.52. Following the completion of the sale, the chief operating officer directly owned 212,724 shares of the company’s stock, valued at $9,049,278.96. This represents a 7.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amy Guggenheim Shenkan sold 1,265 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $40.59, for a total transaction of $51,346.35. Following the completion of the sale, the director directly owned 29,372 shares of the company’s stock, valued at approximately $1,192,209.48. This trade represents a 4.13% 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. In the last ninety days, insiders have sold 45,451 shares of company stock worth $1,933,565. Insiders own 7.30% of the company’s stock.

RingCentral Profile

(Free Report)

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.