RingCentral, Inc. (RNG) Forms $70.45 Double Top; Verifone Systems (PAY) Sentiment Is 1.08

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RingCentral, Inc. (RNG) formed double top with $72.56 target or 3.00% above today’s $70.45 share price. RingCentral, Inc. (RNG) has $5.54 billion valuation. The stock increased 1.73% or $1.2 during the last trading session, reaching $70.45. About 51,006 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 143.04% since May 7, 2017 and is uptrending. It has outperformed by 131.49% the S&P500.

Verifone Systems Inc (PAY) investors sentiment increased to 1.08 in Q4 2017. It’s up 0.20, from 0.88 in 2017Q3. The ratio is positive, as 113 institutional investors opened new and increased holdings, while 105 decreased and sold stakes in Verifone Systems Inc. The institutional investors in our database reported: 112.41 million shares, down from 114.66 million shares in 2017Q3. Also, the number of institutional investors holding Verifone Systems Inc in top ten holdings was flat from 1 to 1 for the same number . Sold All: 35 Reduced: 70 Increased: 73 New Position: 40.

Investors sentiment decreased to 0.97 in Q4 2017. Its down 0.02, from 0.99 in 2017Q3. It fall, as 10 investors sold RingCentral, Inc. shares while 76 reduced holdings. 35 funds opened positions while 48 raised stakes. 56.14 million shares or 1.08% more from 55.54 million shares in 2017Q3 were reported. 1,027 are held by Huntington Savings Bank. Metropolitan Life Insurance Ny accumulated 20,321 shares. Massachusetts Fincl Com Ma accumulated 594,977 shares. Chicago Equity Ptnrs Ltd Co holds 120,860 shares. Gradient Limited holds 0% or 299 shares. 27,849 were reported by Guggenheim Cap Llc. 4,450 were accumulated by Cibc. Crow Point Limited Liability has 0.02% invested in RingCentral, Inc. (NYSE:RNG) for 2,388 shares. Ameritas Investment Ptnrs Inc invested 0.01% of its portfolio in RingCentral, Inc. (NYSE:RNG). Timpani Cap Lc stated it has 88,070 shares or 1.53% of all its holdings. Moreover, Lord Abbett & Co Limited Company has 0.1% invested in RingCentral, Inc. (NYSE:RNG) for 741,918 shares. Hwg Holding Lp owns 6,326 shares or 0.26% of their US portfolio. Teacher Retirement Of Texas has invested 0.01% in RingCentral, Inc. (NYSE:RNG). Eaton Vance Management holds 0.02% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 200,000 shares. Granite Point Mgmt Lp stated it has 0.06% in RingCentral, Inc. (NYSE:RNG).

Among 18 analysts covering RingCentral (NYSE:RNG), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. RingCentral has $81.0 highest and $22 lowest target. $53.44’s average target is -24.14% below currents $70.45 stock price. RingCentral had 63 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, February 13 by Morgan Stanley. The rating was maintained by Robert W. Baird on Thursday, November 9 with “Hold”. The firm has “Hold” rating by J.P. Morgan given on Tuesday, December 12. The firm has “Buy” rating by Summit Redstone Partners given on Tuesday, June 28. The stock of RingCentral, Inc. (NYSE:RNG) earned “Neutral” rating by Robert W. Baird on Friday, August 26. The firm earned “Buy” rating on Friday, May 26 by Jefferies. The firm has “Buy” rating given on Thursday, November 9 by Jefferies. Oppenheimer maintained it with “Outperform” rating and $23 target in Friday, July 31 report. The company was maintained on Thursday, October 19 by Jefferies. Craig Hallum maintained it with “Buy” rating and $65.0 target in Tuesday, February 13 report.

Since December 11, 2017, it had 0 buys, and 19 selling transactions for $13.15 million activity. The insider Shah Praful sold 10,000 shares worth $476,500. Another trade for 24,056 shares valued at $1.60 million was made by Shmunis Vladimir on Friday, March 9. The insider Dhruv Mitesh sold $188,910. Another trade for 9,300 shares valued at $447,175 was sold by Sipes David. $803,642 worth of stock was sold by Marlow John H on Thursday, February 22.

VeriFone Systems, Inc. provides payments and commerce solutions at the point of sale worldwide. The company has market cap of $2.53 billion. It offers countertop solutions that accept payment options, such as contactless, NFC, mobile wallets, and EMV; PIN pads that support credit and debit card, EBT, EMV, and other PIN transactions; and multimedia consumer facing POS devices. It currently has negative earnings. The firm also provides portable payment devices, including small, portable, and handheld devices that enable merchants to accept electronic payments wherever wireless connectivity is available; and mobile solutions that attach to and interface with iOS, Android, or Windows smartphones and tablets.

Lapides Asset Management Llc holds 4.29% of its portfolio in VeriFone Systems, Inc. for 1.12 million shares. Guinness Atkinson Asset Management Inc owns 306,710 shares or 3.32% of their US portfolio. Moreover, Snow Capital Management Lp has 3.06% invested in the company for 3.88 million shares. The Illinois-based Sg Capital Management Llc has invested 2.19% in the stock. Horrell Capital Management Inc., a Arkansas-based fund reported 225,000 shares.

Ratings analysis reveals 29% of VeriFone’s analysts are positive. Out of 7 Wall Street analysts rating VeriFone, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $15.0 while the high is $23.0. The stock’s average target of $18 is -21.29% below today’s ($22.87) share price. PAY was included in 7 notes of analysts from September 2, 2016. The firm earned “Neutral” rating on Friday, September 2 by Piper Jaffray. The rating was initiated by Craig Hallum on Monday, October 17 with “Buy”. The stock of VeriFone Systems, Inc. (NYSE:PAY) earned “Buy” rating by Stifel Nicolaus on Friday, September 2. The rating was maintained by RBC Capital Markets on Friday, September 2 with “Sector Perform”. Imperial Capital downgraded the stock to “In-Line” rating in Monday, September 12 report. Compass Point maintained the stock with “Neutral” rating in Tuesday, December 13 report. The firm has “Hold” rating by Deutsche Bank given on Friday, September 2.

RingCentral, Inc. (NYSE:RNG) Institutional Positions Chart