Relx Plc (NYSE:RELX) Shares Sold by SYSTM Wealth Solutions LLC

SYSTM Wealth Solutions LLC cut its holdings in shares of Relx Plc (NYSE:RELX) by 16.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,174 shares of the technology company’s stock after selling 2,034 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Relx were worth $467,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of RELX. Russell Investments Group Ltd. grew its position in Relx by 75.3% during the 4th quarter. Russell Investments Group Ltd. now owns 3,296 shares of the technology company’s stock worth $131,000 after purchasing an additional 1,416 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Relx by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,694,052 shares of the technology company’s stock worth $106,843,000 after buying an additional 94,052 shares during the last quarter. Norges Bank acquired a new position in Relx in the 4th quarter valued at about $12,255,000. Coldstream Capital Management Inc. purchased a new stake in Relx during the 4th quarter valued at approximately $405,000. Finally, Assetmark Inc. lifted its position in Relx by 88.9% during the 4th quarter. Assetmark Inc. now owns 16,558 shares of the technology company’s stock worth $657,000 after acquiring an additional 7,791 shares during the period. 15.02% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Relx Trading Down 0.8 %

Shares of NYSE:RELX opened at $47.37 on Thursday. Relx Plc has a fifty-two week low of $33.13 and a fifty-two week high of $48.24. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.51. The firm’s 50-day simple moving average is $46.15 and its 200-day simple moving average is $44.53.

Relx Cuts Dividend

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

Relx 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.