Axxcess Wealth Management LLC Takes Position in Relx Plc (NYSE:RELX)

Axxcess Wealth Management LLC purchased a new stake in Relx Plc (NYSE:RELX) during the 1st quarter, Holdings Channel reports. The firm purchased 5,038 shares of the technology company’s stock, valued at approximately $218,000.

Several other large investors have also modified their holdings of the business. Optiver Holding B.V. acquired a new position in shares of Relx in the 4th quarter valued at $21,983,000. Goldman Sachs Group Inc. raised its stake in shares of Relx by 13.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock valued at $132,842,000 after acquiring an additional 399,101 shares during the period. Norges Bank purchased a new position in shares of Relx in the 4th quarter valued at $12,255,000. Prosperity Consulting Group LLC purchased a new position in shares of Relx in the 1st quarter valued at $4,664,000. Finally, QRG Capital Management Inc. raised its stake in shares of Relx by 98.1% in the 1st quarter. QRG Capital Management Inc. now owns 206,698 shares of the technology company’s stock valued at $8,948,000 after acquiring an additional 102,349 shares during the period. 15.02% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Relx in a research note on Tuesday, June 25th. They issued a “hold” rating on the stock.

Relx Trading Up 1.2 %

Relx stock opened at $46.54 on Friday. Relx Plc has a 12-month low of $31.38 and a 12-month high of $46.73. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The firm’s fifty day moving average price is $45.27 and its 200 day moving average price is $43.42.

Relx Cuts Dividend

The company also recently declared a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 2nd will be paid a dividend of $0.234 per share. The ex-dividend date of this dividend is Friday, August 2nd.

About Relx

RELX PLC, together with its subsidiaries, provides information-based analytics and decision tools for professional and business customers in North America, Europe, and internationally. It operates through four segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. The Risk segment offers information-based analytics and decision tools that combine public and industry specific content with technology and algorithms to assist clients in evaluating and predicting risk.