Sei Investments Co. Acquires 106,777 Shares of Relx Plc $RELX

Sei Investments Co. grew its holdings in Relx Plc (NYSE:RELX) by 25.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 528,854 shares of the technology company’s stock after buying an additional 106,777 shares during the period. Sei Investments Co.’s holdings in Relx were worth $17,531,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in shares of 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 acquiring an additional 9,287 shares during the last quarter. Millennium Management LLC increased its stake in Relx by 51.4% during the first 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 last quarter. Focus Partners Wealth raised its position in Relx by 5.1% during the first quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock valued at $542,000 after purchasing an additional 522 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Relx by 60.2% in the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock valued at $720,000 after purchasing an additional 5,374 shares during the last quarter. Finally, Sivia Capital Partners LLC lifted its stake in shares of Relx by 57.9% in the 2nd 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 last quarter. 15.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on RELX. Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 8th. Barclays reaffirmed an “overweight” rating on shares of Relx in a research note on Friday, July 24th. The Goldman Sachs Group began coverage on shares of Relx in a research report on Wednesday, June 3rd. They set a “buy” rating on the stock. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Morgan Stanley cut shares of Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Relx has an average rating of “Moderate Buy”.

Relx Price Performance

Shares of RELX stock opened at $38.21 on Thursday. The company’s 50-day simple moving average is $33.07 and its two-hundred day simple moving average is $34.07. Relx Plc has a one year low of $27.57 and a one year high of $52.23. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45.

Relx Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.2785 per share. This represents a yield of 163.0%. The ex-dividend date is Friday, August 7th.

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.