Verdence Capital Advisors LLC Has $1.87 Million Stock Position in Relx Plc (NYSE:RELX)

Verdence Capital Advisors LLC cut its holdings in Relx Plc (NYSE:RELX) by 5.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,302 shares of the technology company’s stock after selling 2,167 shares during the period. Verdence Capital Advisors LLC’s holdings in Relx were worth $1,865,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Indiana Trust & Investment Management CO acquired a new position in shares of Relx during the 2nd quarter worth about $52,000. Rothschild Investment LLC acquired a new position in Relx during the second quarter valued at approximately $72,000. TFC Financial Management Inc. bought a new position in Relx in the second quarter valued at approximately $88,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Relx during the 2nd quarter worth approximately $107,000. Finally, Cullen Frost Bankers Inc. raised its stake in shares of Relx by 119.0% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,742 shares of the technology company’s stock worth $126,000 after purchasing an additional 1,490 shares in the last quarter. Institutional investors own 15.02% of the company’s stock.

Relx Price Performance

Shares of NYSE RELX opened at $47.98 on Friday. The business’s 50 day moving average price is $47.36 and its two-hundred day moving average price is $45.73. Relx Plc has a twelve month low of $35.86 and a twelve month high of $48.91.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on RELX shares. Citigroup raised shares of Relx to a “strong-buy” rating in a research note 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 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.