Diversify Wealth Management LLC Reduces Holdings in Relx Plc $RELX

Diversify Wealth Management LLC reduced its position in shares of Relx Plc (NYSE:RELX) by 42.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,402 shares of the technology company’s stock after selling 24,034 shares during the period. Diversify Wealth Management LLC’s holdings in Relx were worth $1,431,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in RELX. American Century Companies Inc. boosted its stake in Relx by 9.8% during the 2nd quarter. American Century Companies Inc. now owns 462,477 shares of the technology company’s stock valued at $25,131,000 after acquiring an additional 41,207 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Relx in the 3rd quarter worth about $20,570,000. ABC Arbitrage SA raised its stake in shares of Relx by 13.7% in the 3rd quarter. ABC Arbitrage SA now owns 637,699 shares of the technology company’s stock valued at $30,457,000 after purchasing an additional 76,741 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Relx in the 2nd quarter valued at about $2,878,000. Finally, SCS Capital Management LLC lifted its position in shares of Relx by 341.1% during the second quarter. SCS Capital Management LLC now owns 238,768 shares of the technology company’s stock worth $12,975,000 after purchasing an additional 184,643 shares during the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Stock Performance

RELX stock opened at $34.79 on Friday. Relx Plc has a fifty-two week low of $27.57 and a fifty-two week high of $56.33. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. The company has a 50-day simple moving average of $36.78 and a 200 day simple moving average of $41.81.

Relx (NYSE:RELX) last released its earnings results on Thursday, February 12th. The technology company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $6.70 billion. As a group, research analysts predict that Relx Plc will post 1.68 earnings per share for the current year.

Relx Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, June 24th. Stockholders of record on Friday, May 8th will be paid a $0.6559 dividend. The ex-dividend date of this dividend is Friday, May 8th. This represents a dividend yield of 422.0%.

Analyst Upgrades and Downgrades

RELX has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Zacks Research upgraded Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Relx from a “hold” rating to a “buy” rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Relx Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.