William Blair Investment Management LLC Reduces Position in Relx Plc (NYSE:RELX)

William Blair Investment Management LLC trimmed its position in shares of Relx Plc (NYSE:RELX - Free Report) by 16.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,426 shares of the technology company's stock after selling 10,345 shares during the quarter. William Blair Investment Management LLC's holdings in Relx were worth $2,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of RELX. Private Trust Co. NA boosted its stake in shares of Relx by 19.2% during the 4th quarter. Private Trust Co. NA now owns 1,237 shares of the technology company's stock worth $56,000 after acquiring an additional 199 shares during the last quarter. Sage Mountain Advisors LLC increased its holdings in Relx by 5.1% in the 4th quarter. Sage Mountain Advisors LLC now owns 5,292 shares of the technology company's stock worth $240,000 after acquiring an additional 258 shares in the last quarter. Peapack Gladstone Financial Corp raised its stake in Relx by 5.7% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 4,924 shares of the technology company's stock worth $234,000 after acquiring an additional 267 shares during the period. EWA LLC lifted its holdings in Relx by 5.2% during the third quarter. EWA LLC now owns 5,501 shares of the technology company's stock valued at $253,000 after purchasing an additional 272 shares in the last quarter. Finally, Marks Group Wealth Management Inc boosted its position in shares of Relx by 1.3% in the fourth quarter. Marks Group Wealth Management Inc now owns 26,196 shares of the technology company's stock worth $1,190,000 after purchasing an additional 325 shares during the period. 15.02% of the stock is currently owned by hedge funds and other institutional investors.

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Relx Price Performance

NYSE RELX traded down $0.20 on Monday, reaching $49.81. The company had a trading volume of 481,294 shares, compared to its average volume of 729,049. The stock has a market capitalization of $92.45 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. Relx Plc has a 12 month low of $40.25 and a 12 month high of $51.99. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The firm's 50 day moving average price is $49.18 and its 200 day moving average price is $47.71.

Relx Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a $0.5586 dividend. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Relx's previous semi-annual dividend of $0.23. This represents a dividend yield of 1.6%. Relx's dividend payout ratio (DPR) is 59.68%.

Analyst Ratings Changes

RELX has been the topic of several recent analyst reports. StockNews.com downgraded shares of Relx from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays raised Relx from an "equal weight" rating to an "overweight" rating in a report on Friday, March 14th. Finally, Redburn Atlantic began coverage on Relx in a research report on Wednesday, January 8th. They set a "buy" rating for the company.

Relx Company 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.