Waratah Capital Advisors LTD Has Trimmed Its Stake in Visa (V) by $5.30 Million as Valuation Rose; Ringcentral (RNG) Holder Adi Capital Management Trimmed Stake by $820,000

RingCentral, Inc. (NYSE:RNG) Logo

Adi Capital Management Llc decreased its stake in Ringcentral Inc (RNG) by 15.43% based on its latest 2018Q4 regulatory filing with the SEC. Adi Capital Management Llc sold 10,000 shares as the company’s stock rose 31.16% with the market. The institutional investor held 54,825 shares of the technology company at the end of 2018Q4, valued at $4.52 million, down from 64,825 at the end of the previous reported quarter. Adi Capital Management Llc who had been investing in Ringcentral Inc for a number of months, seems to be less bullish one the $8.66B market cap company. The stock increased 0.70% or $0.74 during the last trading session, reaching $106.53. About 511,788 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 65.43% since March 14, 2018 and is uptrending. It has outperformed by 61.06% the S&P500. Some Historical RNG News: 09/05/2018 – RingCentral 1Q Rev $150M; 15/05/2018 – Arco Selects RingCentral for New National Customer Engagement Center; 09/05/2018 – RINGCENTRAL INC SEES FULL YEAR 2018 TOTAL REVENUE RANGE TO $638 TO $647 MLN; 14/05/2018 – IHS Markit Ranks RingCentral #1 in the 2018 North American UCaaS Scorecard; 29/03/2018 – Pacific Dental Services® Delivers Superior Patient Experience With RingCentral’s Cloud Communications Solutions Across Over; 03/04/2018 – AllianzGI Technology Adds RingCentral, Cuts Samsung; 02/04/2018 – RingCentral Given 5-Star Rating in CRN’s 2018 Partner Program Guide; 15/05/2018 – Arco Selects RingCentral for New National Customer Engagement Centre; 09/05/2018 – RINGCENTRAL 1Q ADJ EPS 16C, EST. 12C; 09/05/2018 – RingCentral Sees FY18 Rev $638M-$647M

Waratah Capital Advisors Ltd decreased its stake in Visa Inc (V) by 94.29% based on its latest 2018Q4 regulatory filing with the SEC. Waratah Capital Advisors Ltd sold 40,448 shares as the company’s stock rose 4.65% with the market. The hedge fund held 2,450 shares of the business services company at the end of 2018Q4, valued at $323,000, down from 42,898 at the end of the previous reported quarter. Waratah Capital Advisors Ltd who had been investing in Visa Inc for a number of months, seems to be less bullish one the $338.79B market cap company. The stock increased 1.13% or $1.73 during the last trading session, reaching $154.2. About 9.36M shares traded or 0.23% up from the average. Visa Inc. (NYSE:V) has risen 22.89% since March 14, 2018 and is uptrending. It has outperformed by 18.52% the S&P500. Some Historical V News: 13/04/2018 – VFS Global Launches One-stop Visa Centres for Malaysia in Riyadh and Jeddah in KSA; 09/05/2018 – PAYPAL HOLDINGS INC – CO, VISA ANNOUNCED AN EXTENSION OF THEIR STRATEGIC PARTNERSHIP TO CANADA; 10/05/2018 – Visa Returns Zlatan Ibrahimović to the 2018 FIFA World Cup Russia™; 25/04/2018 – VISA INC QTRLY TOTAL PROCESSED TRANSACTIONS, REPRESENTING TRANSACTIONS PROCESSED BY VISA, WERE 29.3 BILLION, A 12% INCREASE OVER THE PRIOR YEAR; 21/03/2018 – TTServices Awarded Contract to Provide Canadian Visa Application Centre Services in 21 Countries Across the Americas; 16/04/2018 – U.K. Retailers Kick Off Appeal Against Visa, Mastercard Fees; 22/03/2018 – Visa Closes Below 50-Day Moving Average: Technicals; 25/04/2018 – VISA – TECHNICAL MIGRATION WITH VISA EUROPE IS WELL UNDERWAY – CONF CALL; 06/03/2018 – Yahoo! UK: Exclusive: Visa waivers rarely granted under Trump’s latest U.S. travel ban – letter; 06/03/2018 – CNBC Wires: EXCLUSIVE-Visa waivers rarely granted under Trump’s latest U.S. travel ban -letter

Investors sentiment decreased to 0.99 in 2018 Q4. Its down 0.09, from 1.08 in 2018Q3. It is negative, as 32 investors sold RNG shares while 86 reduced holdings. 51 funds opened positions while 66 raised stakes. 63.01 million shares or 3.42% more from 60.93 million shares in 2018Q3 were reported. Moreover, Jane Street Gru Limited Liability has 0% invested in RingCentral, Inc. (NYSE:RNG). 22,200 are held by Daiwa Secs Gp. Gilder Gagnon Howe Commerce Limited Liability Corp reported 2.36 million shares. Mackenzie Corp, a Ontario – Canada-based fund reported 10,300 shares. Citigroup reported 0% in RingCentral, Inc. (NYSE:RNG). Wells Fargo Com Mn holds 0% or 104,442 shares. American Intl accumulated 1,651 shares. San Francisco Sentry Investment Gp (Ca) has invested 0% in RingCentral, Inc. (NYSE:RNG). 7,640 were reported by Quantitative Systematic Strategies Lc. First Tru Advsr LP stated it has 490,476 shares or 0.1% of all its holdings. State Of Alaska Department Of Revenue holds 0.01% or 8,420 shares. Eaton Vance Mgmt stated it has 0.04% in RingCentral, Inc. (NYSE:RNG). Neuberger Berman Ltd Liability Corporation has invested 0.04% of its portfolio in RingCentral, Inc. (NYSE:RNG). Arrowstreet Cap Partnership has 0.05% invested in RingCentral, Inc. (NYSE:RNG). Royal Fincl Bank Of Canada invested in 0% or 1,707 shares.

More notable recent RingCentral, Inc. (NYSE:RNG) news were published by: Seekingalpha.com which released: “RingCentral +5.4% after beat-and-raise in Q3 – Seeking Alpha” on November 05, 2018, also Seekingalpha.com with their article: “RingCentral: Strong Q4 Earnings And Conservative 2019 Guidance – RingCentral, Inc. (NYSE:RNG) – Seeking Alpha” published on March 11, 2019, Seekingalpha.com published: “RingCentral: Valuation Now Seems More Realistic – Seeking Alpha” on November 19, 2018. More interesting news about RingCentral, Inc. (NYSE:RNG) were released by: Seekingalpha.com and their article: “RingCentral: Time To Ring In Some Profits – Seeking Alpha” published on August 20, 2018 as well as Digitaljournal.com‘s news article titled: “Zane Long, RingCentral SVP Global Channel Sales, Recognized as 2019 CRN® Channel Chief – Press Release – Digital Journal” with publication date: February 13, 2019.

Since October 3, 2018, it had 0 buys, and 23 insider sales for $21.80 million activity. Another trade for 2,724 shares valued at $217,729 was made by Shah Praful on Thursday, November 29. Another trade for 2,471 shares valued at $195,774 was sold by Dhruv Mitesh. Another trade for 63,737 shares valued at $4.43M was sold by Shmunis Vladimir. Michelle McKenna sold $206,884 worth of RingCentral, Inc. (NYSE:RNG) on Friday, February 15. $1.32M worth of RingCentral, Inc. (NYSE:RNG) was sold by Marlow John H on Monday, November 26.

Analysts await RingCentral, Inc. (NYSE:RNG) to report earnings on May, 8. After $0.01 actual earnings per share reported by RingCentral, Inc. for the previous quarter, Wall Street now forecasts -900.00% negative EPS growth.

Analysts await Visa Inc. (NYSE:V) to report earnings on April, 24. They expect $1.24 earnings per share, up 11.71% or $0.13 from last year’s $1.11 per share. V’s profit will be $2.72 billion for 31.09 P/E if the $1.24 EPS becomes a reality. After $1.30 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts -4.62% negative EPS growth.

Since November 2, 2018, it had 0 insider buys, and 5 sales for $28.04 million activity. HOFFMEISTER JAMES H sold $325,541 worth of stock. Shares for $11.34M were sold by RICHEY ELLEN.

Investors sentiment increased to 1 in Q4 2018. Its up 0.03, from 0.97 in 2018Q3. It improved, as 75 investors sold V shares while 627 reduced holdings. 152 funds opened positions while 552 raised stakes. 1.62 billion shares or 5.17% more from 1.54 billion shares in 2018Q3 were reported. Webster Commercial Bank N A, a Connecticut-based fund reported 51,852 shares. Sol Cap Mgmt owns 2,656 shares for 0.11% of their portfolio. Howe & Rusling Inc invested 0.1% in Visa Inc. (NYSE:V). Hartford Management has invested 0.87% in Visa Inc. (NYSE:V). Neville Rodie & Shaw holds 120,060 shares. Caisse De Depot Et Placement Du Quebec has 29,592 shares for 0.01% of their portfolio. Ima Wealth reported 13,914 shares. Toronto Dominion Bankshares invested in 930,094 shares or 0.21% of the stock. Boston Private Wealth Ltd Liability reported 344,521 shares. Osterweis Capital Management owns 1.59% invested in Visa Inc. (NYSE:V) for 156,375 shares. Arrowstreet Limited Partnership has 2.06% invested in Visa Inc. (NYSE:V) for 5.95M shares. Pitcairn has 63,449 shares for 0.93% of their portfolio. Bnp Paribas Arbitrage owns 295,609 shares. Weybosset Rech & Mgmt Lc accumulated 2,843 shares. Pointstate Capital Lp reported 105,600 shares.

More notable recent Visa Inc. (NYSE:V) news were published by: Finance.Yahoo.com which released: “PayPal Stock Still Has Plenty of Room to Run – Yahoo Finance” on March 13, 2019, also Seekingalpha.com with their article: “Visa: Shares Are Expensive, But In The Long Run, They Will Continue Higher – Seeking Alpha” published on February 18, 2019, Fool.com published: “Why Is Kroger Not Accepting Visa in Some Stores? – Motley Fool” on March 07, 2019. More interesting news about Visa Inc. (NYSE:V) were released by: Seekingalpha.com and their article: “Kroger’s Smith’s stores nixes Visa credit cards – Seeking Alpha” published on March 01, 2019 as well as Benzinga.com‘s news article titled: “Wedbush Incrementally Bullish On MasterCard (NYSE:MA), Visa (NYSE:V) – Benzinga” with publication date: March 14, 2019.

Waratah Capital Advisors Ltd, which manages about $807.50M US Long portfolio, upped its stake in Planet Fitness Inc by 46,791 shares to 621,137 shares, valued at $33.31 million in 2018Q4, according to the filing. It also increased its holding in Warrior Met Coal Inc by 23,646 shares in the quarter, for a total of 989,328 shares, and has risen its stake in Bank N S Halifax (NYSE:BNS).

Visa Inc. (NYSE:V) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.