William Blair Investment Management LLC Sells 10,345 Shares of Relx Plc (NYSE:RELX)

William Blair Investment Management LLC trimmed its position in Relx Plc (NYSE:RELX) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,426 shares of the technology company’s stock after selling 10,345 shares during the quarter. William Blair Investment Management LLC’s holdings in Relx were worth $2,336,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RELX. Raymond James Financial Inc. bought a new stake in Relx during the 4th quarter worth approximately $44,516,000. FMR LLC increased its holdings in shares of Relx by 8.3% in the third quarter. FMR LLC now owns 7,148,837 shares of the technology company’s stock worth $339,284,000 after purchasing an additional 548,423 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Relx in the fourth quarter worth $9,920,000. Bank of Montreal Can raised its position in shares of Relx by 194.9% in the third quarter. Bank of Montreal Can now owns 227,211 shares of the technology company’s stock worth $10,806,000 after buying an additional 150,163 shares in the last quarter. Finally, ABC Arbitrage SA bought a new stake in Relx during the fourth quarter valued at $6,296,000. 15.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on RELX shares. Redburn Atlantic initiated coverage on Relx in a research note on Wednesday, January 8th. They issued a “buy” rating on the stock. Barclays upgraded shares of Relx from an “equal weight” rating to an “overweight” rating in a research report on Friday, March 14th. Finally, StockNews.com lowered shares of Relx from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Relx Trading Up 0.6 %

NYSE RELX opened at $49.31 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.52 and a debt-to-equity ratio of 1.46. The stock’s 50-day simple moving average is $49.04 and its two-hundred day simple moving average is $47.65. Relx Plc has a twelve month low of $40.25 and a twelve month high of $51.99. The company has a market capitalization of $91.51 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 2.73 and a beta of 0.90.

Relx Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 25th. Investors of record on Friday, May 9th will be issued a dividend of $0.5586 per share. This represents a dividend yield of 1.6%. This is a boost from Relx’s previous semi-annual dividend of $0.23. The ex-dividend date is Friday, May 9th. Relx’s dividend payout ratio (DPR) is currently 59.68%.

About Relx

RELX Plc engages in provision of information and analytics solutions for professional and business customers across industries. It operates through the following business segments: Scientific, Technical & Medical; Risk & Business Analytics; Legal; and Exhibitions. The Scientific, Technical & Medical segment is a global information analytics business that helps institutions and professionals advance healthcare, open science, and improve performance for the benefit of humanity.