Marshall Wace LLP Makes New Investment in Relx Plc (NYSE:RELX)

Marshall Wace LLP acquired a new position in Relx Plc (NYSE:RELX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,800 shares of the technology company’s stock, valued at approximately $312,000.

A number of other hedge funds have also added to or reduced their stakes in RELX. Financial Management Professionals Inc. lifted its stake in shares of Relx by 192.9% during the first quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock worth $38,000 after buying an additional 571 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in shares of Relx by 90.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock worth $43,000 after acquiring an additional 468 shares during the last quarter. Timber Creek Capital Management LLC acquired a new position in shares of Relx in the 1st quarter worth approximately $43,000. Indiana Trust & Investment Management CO acquired a new stake in Relx during the 2nd quarter worth approximately $52,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in Relx by 144.7% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,441 shares of the technology company’s stock worth $62,000 after buying an additional 852 shares in the last quarter. 15.02% of the stock is currently owned by institutional investors.

Relx Stock Performance

Relx stock opened at $46.84 on Friday. Relx Plc has a 1 year low of $33.94 and a 1 year high of $48.91. The firm has a 50 day moving average price of $46.58 and a 200 day moving average price of $44.95.

Relx Cuts Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RELX. Citigroup raised shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.

Relx Company 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.