Verdence Capital Advisors LLC Cuts Stake in Relx Plc $RELX

Verdence Capital Advisors LLC reduced its position in shares of Relx Plc (NYSE:RELX) by 10.3% in the second quarter, Holdings Channel reports. The fund owned 36,538 shares of the technology company’s stock after selling 4,182 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Relx were worth $1,985,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC boosted its position in shares of Relx by 612.5% during the 1st quarter. Larson Financial Group LLC now owns 513 shares of the technology company’s stock valued at $26,000 after acquiring an additional 441 shares during the last quarter. WPG Advisers LLC bought a new position in shares of Relx during the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC boosted its position in shares of Relx by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 588 shares of the technology company’s stock valued at $30,000 after acquiring an additional 294 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in shares of Relx by 325.2% during the 1st quarter. Cornerstone Planning Group LLC now owns 693 shares of the technology company’s stock valued at $37,000 after acquiring an additional 530 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Relx during the 2nd quarter valued at approximately $64,000. 15.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RELX. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Morgan Stanley restated an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. Weiss Ratings restated a “buy (b)” rating on shares of Relx in a research report on Wednesday, October 8th. Kepler Capital Markets upgraded Relx from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 18th. Finally, Barclays restated an “overweight” rating on shares of Relx in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, Relx currently has a consensus rating of “Buy”.

Relx Stock Up 0.7%

NYSE:RELX opened at $45.15 on Tuesday. Relx Plc has a twelve month low of $44.19 and a twelve month high of $56.33. The company has a market cap of $82.51 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.92 and a beta of 0.87. The stock has a fifty day simple moving average of $47.09 and a 200-day simple moving average of $50.78. The company has a current ratio of 0.47, a quick ratio of 0.42 and a debt-to-equity ratio of 2.55.

Relx Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 8th were given a dividend of $0.2634 per share. This represents a dividend yield of 170.0%. The ex-dividend date was Friday, August 8th. Relx’s dividend payout ratio (DPR) is 28.49%.

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.