LPL Financial LLC grew its stake in shares of Relx Plc (NYSE:RELX – Free Report) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,496 shares of the technology company’s stock after acquiring an additional 3,362 shares during the quarter. LPL Financial LLC’s holdings in Relx were worth $3,092,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. GoalVest Advisory LLC purchased a new position in shares of Relx in the second quarter worth approximately $26,000. Tower Research Capital LLC TRC purchased a new position in shares of Relx in the first quarter worth approximately $26,000. Resurgent Financial Advisors LLC bought a new stake in Relx during the 4th quarter worth approximately $27,000. Spire Wealth Management bought a new stake in Relx during the 1st quarter worth approximately $29,000. Finally, Milestone Investment Advisors LLC bought a new stake in Relx during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 3.56% of the company’s stock.
Analyst Upgrades and Downgrades
RELX has been the topic of a number of recent analyst reports. Barclays raised their target price on shares of Relx from GBX 2,770 ($34.19) to GBX 2,860 ($35.30) in a research note on Monday, October 2nd. The Goldman Sachs Group upgraded shares of Relx from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 3rd. Investec upgraded shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, September 5th. Credit Suisse Group lifted their price objective on shares of Relx from GBX 2,915 ($35.98) to GBX 3,000 ($37.03) in a research report on Friday, September 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Relx from GBX 2,100 ($25.92) to GBX 2,200 ($27.16) in a research report on Friday, July 28th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2,898.33.
Relx Trading Up 0.4 %
Relx stock opened at $35.55 on Wednesday. The firm’s 50 day moving average price is $34.29 and its 200-day moving average price is $33.00. Relx Plc has a 1 year low of $25.94 and a 1 year high of $35.89. The company has a current ratio of 0.48, a quick ratio of 0.42 and a debt-to-equity ratio of 1.62.
RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.
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