Relx Plc (NYSE:RELX) Given Average Recommendation of “Moderate Buy” by Brokerages

Relx Plc (NYSE:RELX) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts recently commented on the company. Wall Street Zen cut Relx from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research note on Monday, December 29th. Citigroup initiated coverage on Relx in a report on Monday, January 12th. They set a “neutral” rating on the stock. Morgan Stanley restated an “overweight” rating on shares of Relx in a research note on Monday, February 2nd. Finally, Zacks Research downgraded shares of Relx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 4th.

Institutional Trading of Relx

Institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of Relx by 6.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 150,858 shares of the technology company’s stock valued at $6,098,000 after acquiring an additional 9,734 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in Relx by 13.6% during the fourth quarter. Rehmann Capital Advisory Group now owns 6,200 shares of the technology company’s stock worth $251,000 after purchasing an additional 740 shares in the last quarter. EJMK Ventures LLC bought a new stake in Relx during the fourth quarter worth approximately $247,000. Caitong International Asset Management Co. Ltd lifted its position in Relx by 233.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 8,034 shares of the technology company’s stock worth $325,000 after purchasing an additional 5,627 shares during the period. Finally, Virtu Financial LLC boosted its stake in Relx by 64.8% during the 4th quarter. Virtu Financial LLC now owns 25,025 shares of the technology company’s stock valued at $1,012,000 after purchasing an additional 9,837 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Relx Stock Performance

NYSE RELX opened at $33.58 on Thursday. The company has a 50-day moving average price of $33.08 and a two-hundred day moving average price of $39.44. Relx has a 52 week low of $27.57 and a 52 week high of $56.33. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.44 and a current ratio of 0.49.

Relx (NYSE:RELX) last released its quarterly earnings results on Wednesday, February 11th. The technology company reported $42.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $41.96. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $6.70 billion. Sell-side analysts expect that Relx will post 1.68 EPS for the current fiscal year.

Relx Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, June 24th. Shareholders of record on Friday, May 8th will be given a dividend of $0.6559 per share. This represents a dividend yield of 422.0%. The ex-dividend date is Friday, May 8th.

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.