Relx Plc (NYSE:RELX) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. raised its position in Relx Plc (NYSE:RELX) by 3.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,429 shares of the technology company’s stock after buying an additional 588 shares during the period. Franklin Resources Inc.’s holdings in Relx were worth $873,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. FMR LLC lifted its holdings in Relx by 8.3% during the third quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock valued at $339,284,000 after purchasing an additional 548,423 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Relx by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock worth $136,155,000 after purchasing an additional 169,284 shares in the last quarter. Clearbridge Investments LLC lifted its holdings in Relx by 7.2% in the 2nd quarter. Clearbridge Investments LLC now owns 2,260,445 shares of the technology company’s stock valued at $103,709,000 after purchasing an additional 152,154 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Relx by 3.4% in the third quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock valued at $52,386,000 after buying an additional 35,807 shares during the last quarter. Finally, Reynders McVeigh Capital Management LLC boosted its position in Relx by 31.8% during the third quarter. Reynders McVeigh Capital Management LLC now owns 495,004 shares of the technology company’s stock worth $23,493,000 after acquiring an additional 119,405 shares during the last quarter. Institutional investors and hedge funds own 15.02% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RELX. Citigroup upgraded Relx to a “strong-buy” rating in a research report on Tuesday, September 17th. StockNews.com started coverage on shares of Relx in a research note on Wednesday, October 30th. They issued a “hold” rating for the company.

Relx Trading Down 0.6 %

Shares of NYSE:RELX opened at $45.58 on Monday. The company has a market capitalization of $84.84 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 3.53 and a beta of 0.89. Relx Plc has a 12-month low of $38.47 and a 12-month high of $48.91. The business has a 50-day moving average price of $46.78 and a 200 day moving average price of $46.53.

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.