RELX PLC $RELX Shares Purchased by Parallel Advisors LLC

Parallel Advisors LLC raised its stake in shares of RELX PLC (NYSE:RELX) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,422 shares of the technology company’s stock after acquiring an additional 329 shares during the period. Parallel Advisors LLC’s holdings in RELX were worth $458,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased its position in shares of RELX by 612.5% during the first quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock valued at $26,000 after acquiring an additional 441 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of RELX during the first quarter valued at about $28,000. Golden State Wealth Management LLC increased its position in shares of RELX by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after acquiring an additional 294 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of RELX by 325.2% during the first quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock valued at $37,000 after acquiring an additional 530 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its position in shares of RELX by 842.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,676 shares of the technology company’s stock valued at $135,000 after acquiring an additional 2,392 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors and hedge funds.

RELX Trading Down 1.1%

Shares of RELX stock opened at $47.09 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. The stock has a market capitalization of $86.30 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 3.10 and a beta of 0.87. The company has a 50 day moving average price of $49.14 and a 200 day moving average price of $51.05. RELX PLC has a fifty-two week low of $44.19 and a fifty-two week high of $56.33.

RELX Cuts Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of RELX from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Morgan Stanley reiterated an “overweight” rating on shares of RELX in a research report on Thursday, September 11th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

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.