WCM Investment Management LLC Acquires 17,387 Shares of Relx Plc (NYSE:RELX)

WCM Investment Management LLC lifted its stake in Relx Plc (NYSE:RELX - Free Report) by 36.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,422 shares of the technology company's stock after acquiring an additional 17,387 shares during the period. WCM Investment Management LLC's holdings in Relx were worth $3,282,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in Relx by 5.0% during the 4th quarter. Rhumbline Advisers now owns 34,495 shares of the technology company's stock worth $1,567,000 after purchasing an additional 1,627 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Relx by 5.4% during the fourth quarter. Bank of New York Mellon Corp now owns 248,626 shares of the technology company's stock valued at $11,293,000 after buying an additional 12,841 shares during the period. Private Trust Co. NA lifted its holdings in shares of Relx by 19.2% in the fourth quarter. Private Trust Co. NA now owns 1,237 shares of the technology company's stock worth $56,000 after buying an additional 199 shares in the last quarter. SVB Wealth LLC bought a new position in shares of Relx in the fourth quarter valued at approximately $334,000. Finally, Jones Financial Companies Lllp grew its stake in Relx by 17.5% during the fourth quarter. Jones Financial Companies Lllp now owns 8,856 shares of the technology company's stock valued at $402,000 after acquiring an additional 1,319 shares in the last quarter. 15.02% of the stock is owned by institutional investors.

Relx Trading Down 2.4%

Shares of RELX opened at $52.60 on Thursday. Relx Plc has a 1-year low of $43.45 and a 1-year high of $56.33. The company has a market capitalization of $98.77 billion, a P/E ratio of 28.28, a P/E/G ratio of 3.25 and a beta of 0.83. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.52 and a quick ratio of 0.47. The firm's 50 day simple moving average is $53.82 and its 200 day simple moving average is $50.47.

Analysts Set New Price Targets

Several analysts have issued reports on RELX shares. Morgan Stanley reiterated an "overweight" rating on shares of Relx in a research note on Wednesday, April 16th. The Goldman Sachs Group began coverage on Relx in a research report on Wednesday, March 26th. They issued a "buy" rating on the stock. Finally, Barclays upgraded Relx from an "equal weight" rating to an "overweight" rating in a research report on Friday, March 14th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Relx currently has a consensus rating of "Buy".

Relx Company Profile

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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