Envestnet Asset Management Inc. Has $87.46 Million Position in Relx Plc (NYSE:RELX)

Envestnet Asset Management Inc. cut its position in shares of Relx Plc (NYSE:RELX) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,906,253 shares of the technology company’s stock after selling 27,215 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Relx worth $87,459,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in Relx during the 4th quarter valued at $35,000. Financial Management Professionals Inc. lifted its stake in shares of Relx by 192.9% during the 1st 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 last quarter. Timber Creek Capital Management LLC bought a new stake in shares of Relx during the 1st quarter worth about $43,000. Pinnacle Bancorp Inc. grew its stake in Relx by 90.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock valued at $43,000 after buying an additional 468 shares during the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in Relx in the 2nd quarter valued at about $52,000. 15.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Relx from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

Relx Stock Performance

RELX opened at $47.76 on Wednesday. The stock has a fifty day moving average of $46.13 and a 200-day moving average of $44.51. Relx Plc has a fifty-two week low of $33.13 and a fifty-two week high of $48.24. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47.

Relx Cuts Dividend

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

About Relx

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.