Relx Plc $RELX Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its position in Relx Plc (NYSE:RELX) by 23.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,461 shares of the technology company’s stock after selling 10,739 shares during the quarter. William Blair Investment Management LLC’s holdings in Relx were worth $1,927,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Asset Planning Inc. acquired a new position in Relx in the second quarter valued at $37,000. Ritholtz Wealth Management boosted its holdings in Relx by 2.0% in the second quarter. Ritholtz Wealth Management now owns 146,887 shares of the technology company’s stock valued at $7,982,000 after acquiring an additional 2,925 shares during the last quarter. Harbour Investments Inc. boosted its holdings in Relx by 56.1% in the second quarter. Harbour Investments Inc. now owns 1,113 shares of the technology company’s stock valued at $60,000 after acquiring an additional 400 shares during the last quarter. Sagespring Wealth Partners LLC boosted its holdings in Relx by 67.7% in the second quarter. Sagespring Wealth Partners LLC now owns 9,966 shares of the technology company’s stock valued at $542,000 after acquiring an additional 4,022 shares during the last quarter. Finally, Naviter Wealth LLC boosted its holdings in Relx by 4.7% in the second quarter. Naviter Wealth LLC now owns 43,523 shares of the technology company’s stock valued at $2,365,000 after acquiring an additional 1,973 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analysts Set New Price Targets

RELX has been the topic of a number of research analyst reports. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Kepler Capital Markets raised Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Relx in a research report on Wednesday, October 8th. Morgan Stanley reissued an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. Finally, Barclays reissued an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

Relx Stock Up 1.9%

Shares of NYSE RELX opened at $46.09 on Tuesday. Relx Plc has a 1 year low of $44.19 and a 1 year high of $56.33. The firm has a market cap of $84.22 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 2.97 and a beta of 0.87. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.42 and a current ratio of 0.47. The stock’s 50-day simple moving average is $46.73 and its 200-day simple moving average is $50.61.

Relx Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were given a dividend of $0.2634 per share. This represents a dividend yield of 170.0%. The ex-dividend date of this dividend was Friday, August 8th. Relx’s payout ratio is presently 28.49%.

Relx Profile

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.