Relx (NYSE:RELX) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Relx (NYSE:RELX) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks reports.

Several other equities analysts also recently commented on RELX. Wall Street Zen downgraded Relx from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. TD Securities raised Relx to a “strong-buy” rating in a research note on Friday, September 11th. TD Cowen started coverage on Relx in a research note on Thursday, September 10th. They issued a “buy” rating for the company. Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Friday, July 24th. Finally, The Goldman Sachs Group assumed coverage on shares of Relx in a report on Wednesday, June 3rd. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy”.

Relx Trading Up 0.9%

Shares of Relx stock opened at $33.48 on Wednesday. Relx has a fifty-two week low of $27.57 and a fifty-two week high of $47.22. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 5.23. The company has a fifty day moving average of $35.03 and a 200 day moving average of $34.03.

Relx Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 7th were paid a $0.2785 dividend. This represents a yield of 157.0%. The ex-dividend date of this dividend was Friday, August 7th. This is a negative change from Relx’s previous dividend of $0.6559.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of RELX. Lazard Asset Management LLC increased its position in shares of Relx by 12.1% during the 1st quarter. Lazard Asset Management LLC now owns 3,040,217 shares of the technology company’s stock valued at $100,783,000 after purchasing an additional 328,282 shares during the last quarter. Bank of America Corp DE lifted its position in 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 worth $138,568,000 after buying an additional 522,619 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Relx by 697.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 159,681 shares of the technology company’s stock worth $5,306,000 after buying an additional 139,663 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in 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 buying an additional 2,763,766 shares during the period. Finally, Evelyn Partners Asset Management Ltd increased its position in Relx by 53.6% during the first quarter. Evelyn Partners Asset Management Ltd now owns 157,612 shares of the technology company’s stock valued at $5,225,000 after acquiring an additional 55,028 shares during the last quarter. 15.02% of the stock is currently owned by institutional investors.

About Relx

RELX plc is a global information and analytics company that provides specialized content, data, software, and decision-support tools to professional and business customers. Its products are designed to help customers work more efficiently, manage risk, conduct research, comply with regulations, and make informed decisions.

The company operates through several major business areas. Elsevier serves the scientific, technical, and medical markets with research journals, books, databases, and analytical tools.