Frank Rimerman Advisors LLC Buys Shares of 10,248 Relx Plc (NYSE:RELX)

Frank Rimerman Advisors LLC bought a new stake in Relx Plc (NYSE:RELX) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,248 shares of the technology company’s stock, valued at approximately $470,000.

Several other institutional investors also recently made changes to their positions in the stock. Capital International Investors grew its position in Relx by 22.6% in the 1st quarter. Capital International Investors now owns 8,813,337 shares of the technology company’s stock worth $381,529,000 after purchasing an additional 1,623,705 shares during the last quarter. Optiver Holding B.V. acquired a new stake in Relx in the 4th quarter valued at approximately $21,983,000. Captrust Financial Advisors raised its stake in Relx by 185.6% during the 1st quarter. Captrust Financial Advisors now owns 669,375 shares of the technology company’s stock valued at $28,977,000 after acquiring an additional 434,963 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Relx by 13.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,349,527 shares of the technology company’s stock worth $132,842,000 after acquiring an additional 399,101 shares during the period. Finally, Norges Bank acquired a new position in shares of Relx during the fourth quarter valued at $12,255,000. 15.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Citigroup raised shares of Relx to a “strong-buy” rating in a report on Tuesday, September 17th. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

Relx Price Performance

NYSE:RELX opened at $48.53 on Wednesday. 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 business’s 50-day moving average price is $46.33 and its 200 day moving average price is $44.67. Relx Plc has a 52-week low of $33.13 and a 52-week high of $48.91.

Relx Cuts Dividend

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

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.