Diversify Advisory Services LLC Has $1.10 Million Position in Relx Plc $RELX

Diversify Advisory Services LLC cut its holdings in shares of Relx Plc (NYSE:RELX) by 44.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,796 shares of the technology company’s stock after selling 20,115 shares during the period. Diversify Advisory Services LLC’s holdings in Relx were worth $1,095,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Orion Porfolio Solutions LLC increased its holdings in Relx by 622.0% in the second quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock worth $73,369,000 after purchasing an additional 1,163,189 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of Relx during the third quarter valued at about $20,570,000. ABC Arbitrage SA boosted its position in shares of Relx by 188.9% during the 2nd quarter. ABC Arbitrage SA now owns 560,958 shares of the technology company’s stock worth $30,482,000 after purchasing an additional 366,761 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Relx by 10.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,344,134 shares of the technology company’s stock valued at $181,569,000 after buying an additional 303,002 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Relx by 7.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,446,125 shares of the technology company’s stock valued at $164,575,000 after buying an additional 252,390 shares during the period. Institutional investors own 15.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wall Street Zen lowered 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 note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a report on Tuesday, December 9th. Zacks Research cut Relx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. One 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Relx Stock Down 1.3%

Shares of RELX stock opened at $35.20 on Wednesday. Relx Plc has a 52-week low of $27.57 and a 52-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 $35.93 and a two-hundred day simple moving average of $41.08.

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

Relx Dividend Announcement

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

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.