NewEdge Wealth LLC Acquires 18,981 Shares of Relx Plc $RELX

NewEdge Wealth LLC lifted its holdings in Relx Plc (NYSE:RELX) by 9.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 218,321 shares of the technology company’s stock after buying an additional 18,981 shares during the period. NewEdge Wealth LLC’s holdings in Relx were worth $9,733,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. NewSquare Capital LLC raised its position in Relx by 522.0% during the second quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after purchasing an additional 475 shares during the period. Salomon & Ludwin LLC raised its holdings in Relx by 1,646.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock valued at $32,000 after buying an additional 642 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Relx by 99.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock worth $33,000 after buying an additional 303 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Relx by 191.7% during the third quarter. Nisa Investment Advisors LLC now owns 700 shares of the technology company’s stock worth $33,000 after buying an additional 460 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in Relx during the second quarter valued at $38,000. Institutional investors own 15.02% of the company’s stock.

Relx Price Performance

NYSE:RELX opened at $30.99 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.49 and a debt-to-equity ratio of 2.38. Relx Plc has a 1-year low of $27.57 and a 1-year high of $56.33. The company has a 50-day moving average of $37.76 and a 200 day moving average of $42.51.

Relx (NYSE:RELX) last posted its quarterly 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 firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $6.70 billion. Research analysts anticipate that Relx Plc will post 1.68 EPS for the current fiscal year.

Relx Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on RELX shares. Morgan Stanley restated an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Zacks Research raised Relx from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft raised Relx from a “hold” rating to a “buy” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Relx in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Relx currently has an average rating of “Buy”.

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.