Relx Plc (NYSE:RELX) Receives Average Rating of “Moderate Buy” from Brokerages

Relx Plc (NYSE:RELX) has received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Finally, Zacks Research downgraded shares of Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday.

Hedge Funds Weigh In On Relx

Several institutional investors have recently added to or reduced their stakes in RELX. Capital International Investors raised its holdings in shares of Relx by 66.7% during the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock worth $433,887,000 after acquiring an additional 4,264,474 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of Relx by 622.0% in the second quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after purchasing an additional 1,163,189 shares in the last quarter. Millennium Management LLC increased its position in Relx by 251.6% in the fourth quarter. Millennium Management LLC now owns 1,207,191 shares of the technology company’s stock worth $48,795,000 after purchasing an additional 863,856 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in Relx in the third quarter worth $39,737,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Relx by 80.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,488,278 shares of the technology company’s stock valued at $60,156,000 after purchasing an additional 664,888 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Performance

NYSE:RELX opened at $35.72 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.44 and a debt-to-equity ratio of 2.38. Relx has a 12-month low of $27.57 and a 12-month high of $56.33. The stock has a 50-day moving average price of $36.16 and a 200 day moving average price of $41.32.

Relx (NYSE:RELX) last posted its quarterly earnings results on Thursday, February 12th. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.42). The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $6.70 billion. On average, sell-side analysts expect that Relx will post 1.68 earnings per share for the current fiscal year.

Relx Dividend Announcement

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

Relx Company 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.