American Century Companies Inc. Grows Holdings in RELX PLC $RELX

American Century Companies Inc. grew its holdings in shares of RELX PLC (NYSE:RELX) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 421,270 shares of the technology company’s stock after buying an additional 16,170 shares during the quarter. American Century Companies Inc.’s holdings in RELX were worth $21,236,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RELX. First Trust Advisors LP increased its holdings in shares of RELX by 799.6% in the 4th quarter. First Trust Advisors LP now owns 43,129 shares of the technology company’s stock valued at $1,959,000 after acquiring an additional 38,335 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of RELX by 3.0% during the 4th quarter. OneDigital Investment Advisors LLC now owns 24,223 shares of the technology company’s stock valued at $1,100,000 after buying an additional 710 shares during the last quarter. Stifel Financial Corp grew its position in shares of RELX by 1.0% during the 4th quarter. Stifel Financial Corp now owns 172,142 shares of the technology company’s stock valued at $7,819,000 after buying an additional 1,744 shares during the last quarter. MGO One Seven LLC raised its stake in RELX by 21.9% during the fourth quarter. MGO One Seven LLC now owns 13,782 shares of the technology company’s stock worth $626,000 after acquiring an additional 2,474 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in RELX by 3.4% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 8,159 shares of the technology company’s stock worth $371,000 after acquiring an additional 267 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised RELX from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

RELX Price Performance

Shares of RELX opened at $48.4140 on Friday. The company has a market cap of $88.81 billion, a P/E ratio of 26.03, a PEG ratio of 3.16 and a beta of 0.88. The stock has a fifty day moving average price of $51.69 and a 200 day moving average price of $51.49. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. RELX PLC has a 12 month low of $44.19 and a 12 month high of $56.33.

RELX Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 8th will be paid a dividend of $0.2634 per share. This represents a yield of 170.0%. The ex-dividend date is Friday, August 8th. RELX’s dividend payout ratio is presently 28.49%.

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.