Pandora Wealth Inc. purchased a new position in shares of Relx Plc (NYSE:RELX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,015 shares of the technology company's stock, valued at approximately $757,000.
Other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in Relx by 103.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,360 shares of the technology company's stock valued at $22,400,000 after buying an additional 225,947 shares in the last quarter. Cynosure Group LLC grew its stake in Relx by 3.5% in the 1st quarter. Cynosure Group LLC now owns 6,951 shares of the technology company's stock valued at $350,000 after buying an additional 236 shares in the last quarter. Townsquare Capital LLC grew its stake in Relx by 1.7% in the 1st quarter. Townsquare Capital LLC now owns 84,037 shares of the technology company's stock valued at $4,236,000 after buying an additional 1,413 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in Relx in the 1st quarter valued at approximately $3,324,000. Finally, Keystone Investors PTE Ltd. grew its stake in Relx by 83.1% in the 1st quarter. Keystone Investors PTE Ltd. now owns 10,284 shares of the technology company's stock valued at $518,000 after buying an additional 4,667 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Morgan Stanley restated an "overweight" rating on shares of Relx in a research report on Wednesday, April 16th. Wall Street Zen upgraded shares of Relx from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Relx has a consensus rating of "Buy".
Get Our Latest Stock Analysis on RELX
Relx Price Performance
Shares of RELX traded down $0.04 during mid-day trading on Wednesday, reaching $47.80. 1,397,519 shares of the stock traded hands, compared to its average volume of 842,301. The firm has a fifty day moving average price of $52.54 and a 200 day moving average price of $51.59. The company has a market cap of $87.68 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 3.13 and a beta of 0.88. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. Relx Plc has a 1 year low of $44.19 and a 1 year high of $56.33.
Relx Cuts Dividend
The business also recently announced a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be given a $0.2634 dividend. The ex-dividend date is Friday, August 8th. This represents a yield of 170.0%. Relx's payout ratio is 27.96%.
Relx Company Profile
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Free Report)
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.
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