Baird Financial Group Inc. Purchases New Shares in Relx Plc (NYSE:RELX)

Baird Financial Group Inc. acquired a new position in Relx Plc (NYSE:RELX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 13,713 shares of the technology company's stock, valued at approximately $623,000.

Other institutional investors also recently modified their holdings of the company. CENTRAL TRUST Co lifted its stake in Relx by 1,290.2% in the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company's stock worth $26,000 after acquiring an additional 529 shares during the period. Transce3nd LLC purchased a new position in Relx during the fourth quarter valued at $40,000. Sierra Ocean LLC purchased a new position in Relx during the fourth quarter valued at $43,000. Brown Brothers Harriman & Co. lifted its position in Relx by 218.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company's stock valued at $44,000 after buying an additional 662 shares during the period. Finally, Private Trust Co. NA increased its holdings in shares of Relx by 19.2% during the fourth quarter. Private Trust Co. NA now owns 1,237 shares of the technology company's stock valued at $56,000 after acquiring an additional 199 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RELX has been the subject of several research analyst reports. The Goldman Sachs Group initiated coverage on Relx in a report on Wednesday, March 26th. They issued a "buy" rating for the company. Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research note on Friday, March 14th. Morgan Stanley restated an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. Finally, StockNews.com downgraded Relx from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Relx Price Performance

Shares of RELX traded down $0.10 during mid-day trading on Tuesday, hitting $54.93. 99,957 shares of the stock were exchanged, compared to its average volume of 704,254. The company has a market cap of $101.40 billion, a PE ratio of 29.54, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. Relx Plc has a 52-week low of $43.28 and a 52-week high of $55.21. The firm has a 50-day moving average of $51.28 and a two-hundred day moving average of $48.98. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.