First Affirmative Financial Network Purchases New Position in Relx Plc (NYSE:RELX)

First Affirmative Financial Network acquired a new position in shares of Relx Plc (NYSE:RELX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,653 shares of the technology company’s stock, valued at approximately $316,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Syon Capital LLC lifted its holdings in Relx by 58.9% in the 4th quarter. Syon Capital LLC now owns 10,223 shares of the technology company’s stock worth $405,000 after buying an additional 3,790 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Relx by 13.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock valued at $132,842,000 after purchasing an additional 399,101 shares during the last quarter. Timber Creek Capital Management LLC purchased a new position in Relx in the first quarter valued at about $43,000. GAMMA Investing LLC grew its stake in Relx by 24.7% during the 1st quarter. GAMMA Investing LLC now owns 6,912 shares of the technology company’s stock valued at $299,000 after purchasing an additional 1,367 shares in the last quarter. Finally, Fulton Bank N.A. purchased a new stake in Relx during the 1st quarter worth approximately $235,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Wall Street Analysts Forecast Growth

RELX has been the subject of several research analyst reports. StockNews.com downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st. Citigroup raised Relx to a “strong-buy” rating in a report on Tuesday, September 17th.

Relx Price Performance

Shares of RELX opened at $46.83 on Friday. The firm has a fifty day moving average of $46.60 and a 200-day moving average of $44.99. Relx Plc has a 1 year low of $33.94 and a 1 year high of $48.91.

Relx Cuts Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 2nd were paid a dividend of $0.234 per share. This represents a yield of 1.6%. The ex-dividend date was 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.