Relx (NYSE:RELX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Relx (NYSE:RELX) from a hold rating to a buy rating in a research report report published on Saturday,Wall Street Zen reports.

Other equities analysts have also issued research reports about the company. Barclays reissued an “overweight” rating on shares of Relx in a research note on Friday, July 24th. The Goldman Sachs Group began coverage on Relx in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Finally, Weiss Ratings upgraded shares of Relx from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Relx Price Performance

NYSE RELX opened at $35.50 on Friday. The stock’s 50 day simple moving average is $34.64 and its 200 day simple moving average is $34.01. Relx has a one year low of $27.57 and a one year high of $48.40. The company has a debt-to-equity ratio of 5.23, a quick ratio of 0.40 and a current ratio of 0.45.

Relx Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 7th will be given a $0.2785 dividend. This represents a yield of 157.0%. The ex-dividend date is Friday, August 7th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Relx in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC raised its position in shares of Relx by 2,468.4% during the 1st quarter. Whipplewood Advisors LLC now owns 976 shares of the technology company’s stock valued at $32,000 after acquiring an additional 938 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of Relx by 3,040.0% in the 4th quarter. Transamerica Financial Advisors LLC now owns 785 shares of the technology company’s stock valued at $32,000 after purchasing an additional 760 shares during the period. Manchester Capital Management LLC lifted its stake in shares of Relx by 1,823.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,058 shares of the technology company’s stock valued at $43,000 after purchasing an additional 1,003 shares during the period. Finally, Palladiem LLC bought a new position in shares of Relx in the 4th quarter worth $44,000. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Relx Company Profile

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.