SYSTM Wealth Solutions LLC Decreases Stake in Relx Plc (NYSE:RELX)

SYSTM Wealth Solutions LLC lessened its stake in Relx Plc (NYSE:RELX) by 16.7% in the second quarter, HoldingsChannel.com reports. The firm owned 10,174 shares of the technology company’s stock after selling 2,034 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Relx were worth $467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its holdings in Relx by 75.3% in the fourth quarter. Russell Investments Group Ltd. now owns 3,296 shares of the technology company’s stock valued at $131,000 after buying an additional 1,416 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Relx by 3.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,694,052 shares of the technology company’s stock valued at $106,843,000 after purchasing an additional 94,052 shares in the last quarter. Norges Bank purchased a new stake in Relx during the fourth quarter worth $12,255,000. Coldstream Capital Management Inc. purchased a new stake in Relx during the fourth quarter worth $405,000. Finally, Assetmark Inc. grew its holdings in Relx by 88.9% in the fourth quarter. Assetmark Inc. now owns 16,558 shares of the technology company’s stock valued at $657,000 after purchasing an additional 7,791 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

Relx Stock Performance

Relx stock opened at $47.37 on Thursday. Relx Plc has a fifty-two week low of $33.13 and a fifty-two week high of $48.24. The stock has a fifty day moving average of $46.15 and a two-hundred day moving average of $44.53. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47.

Relx Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Tuesday, September 10th. Investors of record on Friday, August 2nd were given a dividend of $0.234 per share. This represents a yield of 1.6%. The ex-dividend date was Friday, August 2nd.

Relx Profile

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.