Relx (NYSE:RELX) Share Price Passes Above 50 Day Moving Average – What’s Next?

Relx Plc (NYSE:RELX) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $33.67 and traded as high as $36.04. Relx shares last traded at $35.91, with a volume of 2,123,115 shares trading hands.

Analyst Upgrades and Downgrades

RELX has been the subject of a number of research analyst reports. Weiss Ratings upgraded Relx from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 7th. Barclays restated an “overweight” rating on shares of Relx in a report on Friday, July 24th. The Goldman Sachs Group assumed coverage on Relx in a report on Wednesday, June 3rd. They issued a “buy” rating for the company. Morgan Stanley downgraded shares of Relx from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Relx has a consensus rating of “Moderate Buy”.

Relx Trading Up 1.5%

The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 5.23. The stock has a fifty day moving average price of $33.67 and a two-hundred day moving average price of $33.55.

Relx Cuts Dividend

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

Institutional Investors Weigh In On Relx

Institutional investors have recently added to or reduced their stakes in the company. Capital International Investors increased its position in shares of Relx by 66.7% during the 4th quarter. Capital International Investors now owns 10,662,595 shares of the technology company’s stock valued at $433,887,000 after purchasing an additional 4,264,474 shares during the period. Morgan Stanley lifted its holdings in shares of Relx by 7.0% in the fourth quarter. Morgan Stanley now owns 6,279,696 shares of the technology company’s stock valued at $253,825,000 after buying an additional 408,833 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock valued at $140,955,000 after buying an additional 2,763,766 shares in the last quarter. Bank of America Corp DE grew its holdings in Relx by 14.3% during the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock worth $138,568,000 after acquiring an additional 522,619 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Relx by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,502,488 shares of the technology company’s stock worth $141,583,000 after acquiring an additional 56,363 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

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.