Sei Investments Co. Sells 117,288 Shares of RingCentral, Inc. $RNG

Posted by Francis Steltz on Aug 4th, 2026

Sei Investments Co. decreased its holdings in shares of RingCentral, Inc. (NYSE:RNG – Free Report) by 39.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 182,344 shares of the software maker’s stock after selling 117,288 shares during the period. Sei Investments Co.’s holdings in RingCentral were worth $6,781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of RNG. WealthCollab LLC boosted its stake in RingCentral by 59.7% in the first quarter. WealthCollab LLC now owns 693 shares of the software maker’s stock valued at $26,000 after acquiring an additional 259 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in RingCentral by 127.3% during the 1st quarter. Meeder Asset Management Inc. now owns 732 shares of the software maker’s stock worth $27,000 after acquiring an additional 410 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of RingCentral by 269.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock valued at $29,000 after acquiring an additional 738 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of RingCentral by 70.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,025 shares of the software maker’s stock valued at $30,000 after acquiring an additional 424 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new position in shares of RingCentral in the 3rd quarter valued at $30,000. 98.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RNG has been the topic of several recent research reports. Robert W. Baird set a $45.00 price objective on RingCentral in a research note on Friday, May 8th. Morgan Stanley boosted their target price on RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $40.00 price target on shares of RingCentral in a research note on Saturday, May 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $50.00 price target on shares of RingCentral in a research report on Friday, July 24th. Finally, Needham & Company LLC reissued a “buy” rating on shares of RingCentral in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.40.

Get Our Latest Report on RNG

Insider Buying and Selling

In other news, CAO Tarun Arora sold 3,615 shares of the company’s stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $43.00, for a total transaction of $155,445.00. Following the completion of the transaction, the chief accounting officer directly owned 68,100 shares of the company’s stock, valued at $2,928,300. This represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, CFO Vaibhav Agarwal sold 7,047 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $46.17, for a total value of $325,359.99. Following the transaction, the chief financial officer owned 169,282 shares of the company’s stock, valued at approximately $7,815,749.94. The trade was a 4.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Over the last quarter, insiders sold 38,628 shares of company stock valued at $1,656,201. Corporate insiders own 7.30% of the company’s stock.

RingCentral Stock Up 2.7%

RingCentral stock opened at $57.14 on Tuesday. The company has a 50 day moving average of $41.99 and a 200-day moving average of $37.97. RingCentral, Inc. has a twelve month low of $23.59 and a twelve month high of $58.98. The stock has a market capitalization of $4.77 billion, a PE ratio of 45.71, a price-to-earnings-growth ratio of 0.97 and a beta of 1.14.

RingCentral (NYSE:RNG – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. The business had revenue of $657.01 million for the quarter, compared to analyst estimates of $650.53 million. RingCentral had a net margin of 4.27% and a negative return on equity of 34.49%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business posted $1.06 earnings per share. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. Equities analysts anticipate that RingCentral, Inc. will post 2.88 EPS for the current fiscal year.

RingCentral Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $0.50 annualized dividend and a dividend yield of 0.9%. This is a positive change from RingCentral’s previous quarterly dividend of $0.07. RingCentral’s dividend payout ratio (DPR) is 40.00%.

About RingCentral

(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.