Relx Plc (NYSE:RELX) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Relx Plc (NYSE:RELX) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

RELX has been the subject of several research analyst reports. Morgan Stanley lowered Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. The Goldman Sachs Group assumed coverage on shares of Relx in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Weiss Ratings upgraded shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Finally, Barclays restated an “overweight” rating on shares of Relx in a research report on Friday, July 24th.

Relx Stock Down 1.5%

Shares of RELX stock opened at $35.18 on Monday. The firm has a fifty day moving average of $34.36 and a two-hundred day moving average of $33.91. Relx has a 1-year low of $27.57 and a 1-year high of $48.40. The company has a debt-to-equity ratio of 5.23, a current ratio of 0.45 and a quick ratio of 0.40.

Relx Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be issued a dividend of $0.2785 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a dividend yield of 157.0%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RELX. Capital International Investors boosted its stake in Relx by 66.7% during the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock valued at $433,887,000 after purchasing an additional 4,264,474 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock valued at $140,955,000 after buying an additional 2,763,766 shares during the last quarter. Orion Porfolio Solutions LLC raised its holdings in shares of Relx by 622.0% during the second quarter. Orion Porfolio Solutions LLC now owns 1,350,189 shares of the technology company’s stock valued at $73,369,000 after buying an additional 1,163,189 shares during the last quarter. Millennium Management LLC boosted its position in shares of Relx by 251.6% during the fourth quarter. Millennium Management LLC now owns 1,207,191 shares of the technology company’s stock worth $48,795,000 after buying an additional 863,856 shares during the period. Finally, Voloridge Investment Management LLC acquired a new position in shares of Relx during the third quarter worth approximately $39,737,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

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.