Relx Plc (NYSE:RELX) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. trimmed its holdings in shares of Relx Plc (NYSE:RELX) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,632 shares of the technology company’s stock after selling 748 shares during the period. Avantax Advisory Services Inc.’s holdings in Relx were worth $1,709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its holdings in Relx by 10.8% in the fourth quarter. Farther Finance Advisors LLC now owns 22,438 shares of the technology company’s stock valued at $1,019,000 after purchasing an additional 2,188 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Relx by 83.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 10,613 shares of the technology company’s stock worth $482,000 after acquiring an additional 4,824 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Relx by 4.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 16,674 shares of the technology company’s stock worth $757,000 after acquiring an additional 638 shares during the period. Natural Investments LLC purchased a new position in Relx during the fourth quarter valued at approximately $705,000. Finally, Sage Mountain Advisors LLC lifted its holdings in Relx by 5.1% in the fourth quarter. Sage Mountain Advisors LLC now owns 5,292 shares of the technology company’s stock valued at $240,000 after acquiring an additional 258 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Stock Up 1.4 %

Shares of RELX opened at $49.63 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.47 and a debt-to-equity ratio of 1.46. The firm has a market cap of $92.23 billion, a P/E ratio of 26.68, a PEG ratio of 2.73 and a beta of 0.90. The stock’s 50 day moving average is $48.94 and its two-hundred day moving average is $47.62. Relx Plc has a 12 month low of $40.25 and a 12 month high of $51.99.

Relx Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a $0.5586 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, May 9th. This is a positive change from Relx’s previous semi-annual dividend of $0.23. Relx’s payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RELX. Redburn Atlantic began coverage on shares of Relx in a research note on Wednesday, January 8th. They set a “buy” rating on the stock. StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday.

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.