Vise Technologies Inc. Acquires New Shares in Relx Plc $RELX

Vise Technologies Inc. bought a new stake in shares of Relx Plc (NYSE:RELX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 40,193 shares of the technology company’s stock, valued at approximately $2,184,000.

Several other hedge funds have also recently modified their holdings of RELX. ABC Arbitrage SA raised its position in Relx by 40.1% in the 1st quarter. ABC Arbitrage SA now owns 194,197 shares of the technology company’s stock worth $9,789,000 after buying an additional 55,579 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Relx by 16.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 167,175 shares of the technology company’s stock valued at $8,427,000 after acquiring an additional 23,692 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Relx by 4.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,072,342 shares of the technology company’s stock worth $205,287,000 after acquiring an additional 173,976 shares during the period. Marshall Financial Group LLC raised its holdings in shares of Relx by 207.4% during the second quarter. Marshall Financial Group LLC now owns 22,859 shares of the technology company’s stock valued at $1,222,000 after purchasing an additional 15,422 shares during the last quarter. Finally, Pandora Wealth Inc. purchased a new position in shares of Relx during the first quarter valued at approximately $757,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

RELX has been the topic of several research reports. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Thursday, September 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Relx in a report on Wednesday, October 8th. Wall Street Zen lowered Relx from a “buy” rating to a “hold” rating in a report on Saturday. Barclays reiterated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. Finally, Kepler Capital Markets raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Relx Trading Up 1.0%

NYSE:RELX opened at $42.45 on Wednesday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.47 and a quick ratio of 0.42. The stock has a 50-day simple moving average of $45.80 and a two-hundred day simple moving average of $49.99. Relx Plc has a 52-week low of $41.64 and a 52-week high of $56.33.

Relx Company Profile

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.