Versant Capital Management Inc Makes New Investment in Relx Plc (NYSE:RELX)

Versant Capital Management Inc purchased a new stake in Relx Plc (NYSE:RELX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 686 shares of the technology company’s stock, valued at approximately $31,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its stake in Relx by 8.3% in 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 raised its position in Relx by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,967,642 shares of the technology company’s stock valued at $136,155,000 after buying an additional 169,284 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Relx by 7.2% during the second 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 lifted its position in shares of Relx by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 1,103,797 shares of the technology company’s stock worth $52,386,000 after buying an additional 35,807 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Relx by 14.6% during the third quarter. JPMorgan Chase & Co. now owns 826,481 shares of the technology company’s stock worth $39,225,000 after acquiring an additional 104,999 shares during the period. Institutional investors and hedge funds own 15.02% of the company’s stock.

Relx Price Performance

Shares of RELX opened at $46.04 on Wednesday. The firm’s 50 day simple moving average is $46.51 and its 200 day simple moving average is $46.53. The company has a market capitalization of $85.70 billion, a P/E ratio of 27.24, a P/E/G ratio of 3.53 and a beta of 0.89. Relx Plc has a 1-year low of $39.43 and a 1-year high of $48.91.

Wall Street Analyst Weigh In

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

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.