Sei Investments Co. Grows Stake in Relx Plc (NYSE:RELX)

Sei Investments Co. lifted its holdings in shares of Relx Plc (NYSE:RELX) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 327,134 shares of the technology company’s stock after acquiring an additional 12,034 shares during the period. Sei Investments Co.’s holdings in Relx were worth $14,859,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. CENTRAL TRUST Co raised its holdings in Relx by 1,290.2% during the fourth quarter. CENTRAL TRUST Co now owns 570 shares of the technology company’s stock worth $26,000 after purchasing an additional 529 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Relx in the 4th quarter valued at $31,000. Sierra Ocean LLC acquired a new stake in Relx during the 4th quarter worth $43,000. Private Trust Co. NA lifted its position in Relx by 119.9% in the third quarter. Private Trust Co. NA now owns 1,038 shares of the technology company’s stock valued at $49,000 after acquiring an additional 566 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in Relx in the fourth quarter valued at $74,000. Hedge funds and other institutional investors own 15.02% of the company’s stock.

Analyst Ratings Changes

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

Relx Price Performance

Shares of RELX opened at $50.21 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.47 and a current ratio of 0.52. Relx Plc has a fifty-two week low of $40.25 and a fifty-two week high of $51.99. The firm has a 50-day simple moving average of $49.48 and a 200-day simple moving average of $47.82. The company has a market capitalization 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 Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Friday, May 9th will be given a dividend of $0.5586 per share. This represents a yield of 1.6%. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date of this dividend is Friday, May 9th. Relx’s dividend payout ratio (DPR) is presently 59.68%.

Relx 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.