Allspring Global Investments Holdings LLC Buys 422 Shares of RELX PLC $RELX

Allspring Global Investments Holdings LLC increased its stake in RELX PLC (NYSE:RELX) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,353 shares of the technology company’s stock after acquiring an additional 422 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in RELX were worth $805,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC grew its position in RELX by 23.5% in the 1st quarter. GAMMA Investing LLC now owns 13,471 shares of the technology company’s stock valued at $679,000 after purchasing an additional 2,563 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in RELX by 19.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,957 shares of the technology company’s stock valued at $956,000 after purchasing an additional 3,092 shares during the period. Golden State Wealth Management LLC grew its position in RELX by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after purchasing an additional 294 shares during the period. PDS Planning Inc grew its position in RELX by 10.1% in the 1st quarter. PDS Planning Inc now owns 8,475 shares of the technology company’s stock valued at $427,000 after purchasing an additional 775 shares during the period. Finally, Money Concepts Capital Corp grew its position in RELX by 237.4% in the 1st quarter. Money Concepts Capital Corp now owns 15,604 shares of the technology company’s stock valued at $787,000 after purchasing an additional 10,979 shares during the period. Institutional investors own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of RELX from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Barclays reissued an “overweight” rating on shares of RELX in a research report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of RELX in a research report on Wednesday, October 8th. Kepler Capital Markets raised shares of RELX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Finally, Morgan Stanley restated an “overweight” rating on shares of RELX in a research note on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, RELX presently has a consensus rating of “Buy”.

RELX Price Performance

Shares of NYSE:RELX opened at $45.89 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55. The stock’s fifty day simple moving average is $46.65 and its two-hundred day simple moving average is $50.55. RELX PLC has a 1-year low of $44.19 and a 1-year high of $56.33. The stock has a market cap of $83.86 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 3.07 and a beta of 0.87.

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.