Axxcess Wealth Management LLC Invests $218,000 in Relx Plc (NYSE:RELX)

Axxcess Wealth Management LLC purchased a new position in shares of Relx Plc (NYSE:RELX) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,038 shares of the technology company’s stock, valued at approximately $218,000.

A number of other large investors have also made changes to their positions in RELX. O Shaughnessy Asset Management LLC raised its stake in shares of Relx by 12.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 342,665 shares of the technology company’s stock valued at $14,834,000 after buying an additional 36,810 shares during the last quarter. Norden Group LLC acquired a new stake in Relx in the 1st quarter worth about $4,398,000. Heritage Wealth Management LLC acquired a new stake in Relx in the 4th quarter worth about $949,000. Park Avenue Securities LLC boosted its holdings in Relx by 59.4% in the 1st quarter. Park Avenue Securities LLC now owns 45,313 shares of the technology company’s stock worth $1,962,000 after buying an additional 16,879 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Relx by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock worth $132,842,000 after buying an additional 399,101 shares during the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Relx in a report on Tuesday, June 25th. They issued a “hold” rating on the stock.

Relx Stock Up 1.2 %

Shares of Relx stock opened at $46.54 on Friday. The stock’s 50 day simple moving average is $45.27 and its 200-day simple moving average is $43.42. Relx Plc has a 1-year low of $31.38 and a 1-year high of $46.73. 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 Cuts Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Friday, August 2nd will be issued a dividend of $0.234 per share. The ex-dividend date of this dividend is Friday, August 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.