Crossmark Global Holdings Inc. Has $9.05 Million Position in Relx Plc $RELX

Crossmark Global Holdings Inc. cut its stake in shares of Relx Plc (NYSE:RELX) by 11.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 223,959 shares of the technology company’s stock after selling 29,330 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Relx were worth $9,052,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in shares of Relx by 17.1% in the 1st quarter. AQR Capital Management LLC now owns 63,622 shares of the technology company’s stock valued at $3,207,000 after purchasing an additional 9,287 shares during the period. Millennium Management LLC lifted its stake in shares of Relx by 51.4% in the 1st quarter. Millennium Management LLC now owns 275,566 shares of the technology company’s stock valued at $13,891,000 after purchasing an additional 93,610 shares during the period. Focus Partners Wealth lifted its stake in shares of Relx by 5.1% in the 1st quarter. Focus Partners Wealth now owns 10,757 shares of the technology company’s stock valued at $542,000 after purchasing an additional 522 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Relx by 60.2% in the 1st quarter. Acadian Asset Management LLC now owns 14,302 shares of the technology company’s stock valued at $720,000 after purchasing an additional 5,374 shares during the period. Finally, Sivia Capital Partners LLC lifted its stake in shares of Relx by 57.9% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,005 shares of the technology company’s stock valued at $381,000 after purchasing an additional 2,568 shares during the period. 15.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RELX has been the topic of a number of recent analyst reports. Morgan Stanley downgraded Relx from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Citigroup raised Relx from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 8th. Zacks Research downgraded Relx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 4th. Finally, Wall Street Zen raised Relx from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Relx presently has a consensus rating of “Moderate Buy”.

Relx Stock Down 1.7%

Shares of RELX opened at $33.59 on Friday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.49 and a quick ratio of 0.44. The stock has a 50 day moving average price of $34.55 and a two-hundred day moving average price of $37.72. Relx Plc has a 52 week low of $27.57 and a 52 week high of $56.33.

Relx (NYSE:RELX) last announced its earnings results on Wednesday, February 11th. The technology company reported $42.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $41.96. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $6.70 billion. On average, analysts forecast that Relx Plc will post 1.94 earnings per share for the current year.

Relx Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Wednesday, June 24th. Investors of record on Friday, May 8th will be paid a $0.6559 dividend. The ex-dividend date is Friday, May 8th. This represents a yield of 391.0%.

Relx Company Profile

RELX plc is a global provider of information, analytics and decision tools for professional and business customers. The company supplies content, data and analytical services that support decision-making across scientific, technical and medical research, legal and regulatory practice, and risk and business analytics. RELX’s offerings are largely delivered via digital platforms and subscription services designed for institutions, corporations and professionals who require specialized, high-value information and workflow solutions.

RELX operates through distinct business lines that include Elsevier, which provides scientific, technical and medical journals, books and online platforms such as research and discovery tools; Legal and Professional services, which deliver legal, regulatory and compliance content and workflow solutions; Risk & Business Analytics, which offers data, analytics and decision tools for insurance, banking, corporate and government risk assessment; and Exhibitions, which organizes industry trade shows and events.