American Century Companies Inc. grew its holdings in shares of Relx Plc (NYSE:RELX - Free Report) by 6.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 362,511 shares of the technology company's stock after buying an additional 22,983 shares during the period. American Century Companies Inc.'s holdings in Relx were worth $16,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Management Professionals Inc. boosted its stake in Relx by 192.9% in the first quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company's stock valued at $38,000 after acquiring an additional 571 shares in the last quarter. Timber Creek Capital Management LLC purchased a new position in Relx during the 1st quarter worth approximately $43,000. Pinnacle Bancorp Inc. increased its position in Relx by 90.9% during the first quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company's stock worth $43,000 after buying an additional 468 shares during the period. Indiana Trust & Investment Management CO acquired a new position in Relx during the second quarter worth approximately $52,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Relx by 144.7% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,441 shares of the technology company's stock valued at $62,000 after buying an additional 852 shares during the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.
Relx Stock Down 0.3 %
Relx stock opened at $47.99 on Friday. The stock has a 50 day moving average of $46.23 and a two-hundred day moving average of $44.58. Relx Plc has a twelve month low of $33.13 and a twelve month high of $48.24. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51.
Relx Cuts Dividend
The company also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 2nd were given a $0.234 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a yield of 1.6%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. Citigroup upgraded shares of Relx to a "strong-buy" rating in a research report on Tuesday. StockNews.com lowered shares of Relx from a "buy" rating to a "hold" rating in a research note on Saturday, August 31st.
Read Our Latest Stock Analysis on Relx
About Relx
(
Free Report)
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.
Further Reading
Before you consider Relx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Relx wasn't on the list.
While Relx currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
