Relx Plc $RELX Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd cut its position in Relx Plc (NYSE:RELX) by 1.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,129,509 shares of the technology company’s stock after selling 19,668 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Relx were worth $53,945,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of RELX. NewSquare Capital LLC grew its position in Relx by 522.0% in the 2nd quarter. NewSquare Capital LLC now owns 566 shares of the technology company’s stock valued at $31,000 after acquiring an additional 475 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Relx by 99.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 608 shares of the technology company’s stock valued at $33,000 after purchasing an additional 303 shares in the last quarter. Harbor Asset Planning Inc. purchased a new stake in Relx during the 2nd quarter worth approximately $37,000. Salomon & Ludwin LLC lifted its holdings in Relx by 1,646.2% during the 3rd quarter. Salomon & Ludwin LLC now owns 681 shares of the technology company’s stock worth $32,000 after buying an additional 642 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in Relx in the 2nd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Stock Down 1.5%

RELX opened at $39.81 on Friday. Relx Plc has a 52 week low of $39.31 and a 52 week high of $56.33. The business has a 50 day moving average price of $41.35 and a two-hundred day moving average price of $46.45. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RELX. Morgan Stanley reiterated an “overweight” rating on shares of Relx in a research note on Thursday, September 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Relx in a research note on Monday. Barclays restated an “overweight” rating on shares of Relx in a research note on Tuesday, October 7th. Kepler Capital Markets upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Finally, Wall Street Zen downgraded shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

About Relx

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.