Relx Plc $RELX Stock Holdings Decreased by US Bancorp DE

US Bancorp DE lowered its stake in Relx Plc (NYSE:RELX) by 8.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 175,510 shares of the technology company’s stock after selling 16,792 shares during the period. US Bancorp DE’s holdings in Relx were worth $7,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of RELX. Orion Porfolio Solutions LLC boosted its holdings in shares of Relx by 622.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after buying an additional 1,163,189 shares during the period. Voloridge Investment Management LLC acquired a new position in shares of Relx in the 3rd quarter valued at about $39,737,000. Optiver Holding B.V. acquired a new position in shares of Relx in the 3rd quarter valued at about $20,570,000. Ameriprise Financial Inc. boosted its holdings 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, Alliancebernstein L.P. boosted its holdings in shares of Relx by 36.4% in the 3rd quarter. Alliancebernstein L.P. now owns 1,111,700 shares of the technology company’s stock valued at $53,095,000 after buying an additional 296,500 shares during the period. Institutional investors own 15.02% of the company’s stock.

Relx Stock Up 0.1%

Relx stock opened at $36.40 on Monday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44. The firm has a 50-day moving average price of $34.30 and a two-hundred day moving average price of $37.92. Relx Plc has a 52-week low of $27.57 and a 52-week high of $56.33.

Relx (NYSE:RELX) last posted its earnings results on Wednesday, February 11th. The technology company reported $42.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $41.96. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $6.70 billion. As a group, equities analysts predict that Relx Plc will post 1.94 earnings per share for the current fiscal year.

Relx Announces Dividend

The firm 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 yield of 422.0%. The ex-dividend date is Friday, May 8th.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a report on Monday, February 2nd. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a report on Wednesday, April 8th. Finally, Zacks Research lowered shares of Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Relx currently has an average rating of “Moderate 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.