Optiver Holding B.V. Invests $6.18 Million in Relx Plc $RELX

Optiver Holding B.V. purchased a new position in shares of Relx Plc (NYSE:RELX) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 186,471 shares of the technology company’s stock, valued at approximately $6,182,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RELX. Capital International Investors raised its position in Relx by 66.7% in 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 last quarter. Morgan Stanley grew its holdings in shares of Relx by 7.0% during the fourth quarter. Morgan Stanley now owns 6,279,696 shares of the technology company’s stock worth $253,825,000 after purchasing an additional 408,833 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Relx by 185.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,252,044 shares of the technology company’s stock worth $140,955,000 after purchasing an additional 2,763,766 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Relx by 14.3% in the first quarter. Bank of America Corp DE now owns 4,180,034 shares of the technology company’s stock valued at $138,568,000 after buying an additional 522,619 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Relx by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,502,488 shares of the technology company’s stock valued at $141,583,000 after buying an additional 56,363 shares in the last quarter. 15.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on RELX shares. Morgan Stanley cut Relx from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 7th. The Goldman Sachs Group started coverage on shares of Relx in a report on Wednesday, June 3rd. They set a “buy” rating on the stock. Wall Street Zen cut shares of Relx from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Citigroup raised shares of Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. Finally, Barclays reiterated an “overweight” rating on shares of Relx in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Relx has a consensus rating of “Moderate Buy”.

Relx Stock Performance

RELX opened at $35.46 on Friday. The company has a fifty day moving average price of $33.18 and a two-hundred day moving average price of $34.03. Relx Plc has a 52 week low of $27.57 and a 52 week high of $52.23. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 5.23.

Relx Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 7th will be given a $0.2785 dividend. This represents a dividend yield of 163.0%. The ex-dividend date is Friday, August 7th.

Relx 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.