Relx (NYSE:RELX) Shares Gap Up – What’s Next?

Relx Plc (NYSE:RELX) gapped up before the market opened on Tuesday . The stock had previously closed at $47.38, but opened at $48.49. Relx shares last traded at $48.48, with a volume of 143,938 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RELX shares. Citigroup upgraded shares of Relx to a “strong-buy” rating in a research report on Tuesday, September 17th. StockNews.com cut shares of Relx from a “buy” rating to a “hold” rating in a research note on Saturday, August 31st.

Relx Stock Up 2.0 %

The business has a 50 day simple moving average of $46.66 and a 200-day simple moving average of $45.03.

Relx Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RELX. Financial Management Professionals Inc. boosted its holdings in shares of Relx by 192.9% in the first quarter. Financial Management Professionals Inc. now owns 867 shares of the technology company’s stock valued at $38,000 after acquiring an additional 571 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of Relx by 90.9% in the 1st quarter. Pinnacle Bancorp Inc. now owns 983 shares of the technology company’s stock worth $43,000 after buying an additional 468 shares in the last quarter. Indiana Trust & Investment Management CO acquired a new stake in shares of Relx in the second quarter valued at $52,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Relx by 144.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,441 shares of the technology company’s stock valued at $62,000 after buying an additional 852 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in Relx during the second quarter worth about $72,000. Institutional investors and hedge funds own 15.02% of the company’s stock.

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.