Relx Plc $RELX Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its stake in Relx Plc (NYSE:RELX) by 7.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,446,125 shares of the technology company’s stock after purchasing an additional 252,390 shares during the period. Dimensional Fund Advisors LP owned approximately 0.19% of Relx worth $164,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Relx by 17.1% in the 1st quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock valued at $3,207,000 after buying an additional 9,287 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Relx by 51.4% during the 1st quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock worth $13,891,000 after acquiring an additional 93,610 shares during the period. Focus Partners Wealth boosted its position in shares of Relx by 5.1% during the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock valued at $542,000 after acquiring an additional 522 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Relx by 60.2% during the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock valued at $720,000 after acquiring an additional 5,374 shares during the last quarter. Finally, Sivia Capital Partners LLC grew its holdings in shares of Relx by 57.9% in the second quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock valued at $381,000 after purchasing an additional 2,568 shares during the period. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Shares of RELX stock opened at $35.63 on Tuesday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49. The firm’s 50 day moving average price is $36.05 and its 200-day moving average price is $41.17. Relx Plc has a one year low of $27.57 and a one year high of $56.33.

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

Relx Announces Dividend

The company 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 Ratings Changes

RELX has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft raised shares of Relx from a “hold” rating to a “buy” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Zacks Research cut Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Relx

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.