Relx Plc (NYSE:RELX) Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates lessened its stake in Relx Plc (NYSE:RELX) by 22.4% in the 4th quarter, Holdings Channel reports. The firm owned 63,028 shares of the technology company’s stock after selling 18,231 shares during the period. Dorsey Wright & Associates’ holdings in Relx were worth $2,863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its stake in Relx by 1,290.2% during the 4th quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after acquiring an additional 529 shares in the last quarter. Versant Capital Management Inc acquired a new stake in Relx in the fourth quarter valued at approximately $31,000. Sierra Ocean LLC purchased a new stake in shares of Relx in the 4th quarter valued at approximately $43,000. Brown Brothers Harriman & Co. lifted its position in shares of Relx by 218.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 965 shares of the technology company’s stock worth $44,000 after purchasing an additional 662 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Relx by 119.9% during the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock worth $49,000 after purchasing an additional 566 shares in the last quarter. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Relx Trading Up 0.3 %

RELX opened at $50.21 on Friday. The firm has a market cap of $93.18 billion, a price-to-earnings ratio of 26.99, a price-to-earnings-growth ratio of 2.73 and a beta of 0.90. Relx Plc has a 52 week low of $40.25 and a 52 week high of $51.99. The business’s 50 day moving average is $49.48 and its two-hundred day moving average is $47.82. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46.

Relx Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be given a $0.5586 dividend. This is an increase from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. This represents a yield of 1.6%. Relx’s dividend payout ratio is 59.68%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RELX shares. StockNews.com cut Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group began coverage on shares of Relx in a report on Wednesday. They set a “buy” rating on the stock. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a report on Friday, March 14th. Finally, Redburn Atlantic initiated coverage on shares of Relx in a research note on Wednesday, January 8th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Relx has a consensus rating of “Buy”.

About Relx

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.