PDS Planning Inc Increases Stock Position in Relx Plc (NYSE:RELX)

PDS Planning Inc raised its position in shares of Relx Plc (NYSE:RELX) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,209 shares of the technology company’s stock after buying an additional 454 shares during the period. PDS Planning Inc’s holdings in Relx were worth $286,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Relx in the 4th quarter worth about $16,120,000. Invesco Ltd. lifted its position in shares of Relx by 11.2% in the 3rd quarter. Invesco Ltd. now owns 1,305,950 shares of the technology company’s stock worth $44,011,000 after purchasing an additional 131,711 shares during the period. Atria Investments Inc lifted its position in shares of Relx by 10.7% in the 3rd quarter. Atria Investments Inc now owns 58,440 shares of the technology company’s stock worth $1,969,000 after purchasing an additional 5,635 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Relx in the 3rd quarter worth about $1,560,000. Finally, Royal Bank of Canada lifted its position in Relx by 2.9% during the 3rd quarter. Royal Bank of Canada now owns 1,574,752 shares of the technology company’s stock valued at $53,070,000 after acquiring an additional 43,644 shares during the period. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RELX. Berenberg Bank cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Friday, March 1st. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th.

Relx Stock Up 1.1 %

NYSE:RELX opened at $42.26 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.47 and a current ratio of 0.52. Relx Plc has a fifty-two week low of $30.10 and a fifty-two week high of $44.75. The firm has a 50-day simple moving average of $42.90 and a two-hundred day simple moving average of $40.02.

Relx Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, June 18th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.526 per share. This is a positive change from Relx’s previous Semi-Annual dividend of $0.22. This represents a yield of 1.7%. The ex-dividend date is Thursday, May 2nd.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.