Johnson Investment Counsel Inc. Reduces Holdings in Relx Plc (NYSE:RELX)

Johnson Investment Counsel Inc. trimmed its stake in Relx Plc (NYSE:RELX) by 30.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,361 shares of the technology company’s stock after selling 1,889 shares during the period. Johnson Investment Counsel Inc.’s holdings in Relx were worth $200,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. American Century Companies Inc. grew its position in shares of Relx by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 362,511 shares of the technology company’s stock valued at $16,632,000 after buying an additional 22,983 shares during the last quarter. Coldstream Capital Management Inc. grew its position in shares of Relx by 17.4% in the 2nd quarter. Coldstream Capital Management Inc. now owns 14,669 shares of the technology company’s stock valued at $673,000 after buying an additional 2,169 shares during the last quarter. Choreo LLC purchased a new position in Relx during the 2nd quarter worth $793,000. Wedbush Securities Inc. grew its position in Relx by 5.6% during the 2nd quarter. Wedbush Securities Inc. now owns 10,308 shares of the technology company’s stock worth $473,000 after purchasing an additional 546 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Relx during the 2nd quarter worth $107,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Relx Price Performance

Shares of Relx stock opened at $47.71 on Monday. Relx Plc has a 1 year low of $33.13 and a 1 year high of $48.01. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.52 and a quick ratio of 0.47. The company’s fifty day moving average is $46.05 and its two-hundred day moving average is $44.44.

Relx Cuts Dividend

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

Relx Company 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.