Relx (NYSE:RELX) Sees Large Volume Increase – Time to Buy?

Shares of Relx Plc (NYSE:RELX) saw unusually-high trading volume on Tuesday . Approximately 2,930,431 shares traded hands during trading, an increase of 172% from the previous session’s volume of 1,076,674 shares.The stock last traded at $39.66 and had previously closed at $39.72.

Analysts Set New Price Targets

Several equities research analysts have recently commented on RELX shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Relx in a research report on Thursday, September 11th. Wall Street Zen lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Barclays reaffirmed an “overweight” rating on shares of Relx in a report on Tuesday, October 7th. Kepler Capital Markets upgraded shares of Relx from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Relx in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Relx Stock Up 0.1%

The company’s fifty day moving average is $44.03 and its 200-day moving average is $48.66. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 2.55.

Institutional Trading of Relx

Several institutional investors and hedge funds have recently modified their holdings of RELX. Goldman Sachs Group Inc. increased its stake in Relx by 4.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,072,342 shares of the technology company’s stock worth $205,287,000 after buying an additional 173,976 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Relx by 7.9% in the third quarter. Dimensional Fund Advisors LP now owns 3,446,125 shares of the technology company’s stock worth $164,575,000 after acquiring an additional 252,390 shares during the period. Ameriprise Financial Inc. grew its position in shares of Relx by 1.4% during the third quarter. Ameriprise Financial Inc. now owns 3,390,649 shares of the technology company’s stock worth $164,120,000 after purchasing an additional 46,515 shares in the last quarter. Northern Trust Corp grew its position in shares of Relx by 3.5% during the third quarter. Northern Trust Corp now owns 2,430,755 shares of the technology company’s stock worth $116,093,000 after purchasing an additional 81,195 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Relx by 0.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,784,488 shares of the technology company’s stock valued at $85,227,000 after purchasing an additional 14,404 shares during the period. 15.02% of the stock is currently owned by institutional investors.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.