DekaBank Deutsche Girozentrale acquired a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,393 shares of the company's stock, valued at approximately $355,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. North Star Investment Management Corp. purchased a new position in shares of John Wiley & Sons in the third quarter worth about $1,215,000. Victory Capital Management Inc. purchased a new position in shares of John Wiley & Sons in the third quarter worth about $17,208,000. Oregon Public Employees Retirement Fund purchased a new position in shares of John Wiley & Sons in the third quarter worth about $471,000. Arjuna Capital purchased a new position in shares of John Wiley & Sons in the third quarter worth about $355,000. Finally, Great West Life Assurance Co. Can purchased a new position in shares of John Wiley & Sons in the third quarter worth about $1,128,000. 72.99% of the stock is owned by hedge funds and other institutional investors.
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Insiders Place Their Bets
In other John Wiley & Sons news, EVP Aref Matin sold 11,450 shares of John Wiley & Sons stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $43.51, for a total transaction of $498,189.50. Following the transaction, the executive vice president now directly owns 8,166 shares of the company's stock, valued at $355,302.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Separately, TheStreet raised shares of John Wiley & Sons from a "c" rating to a "b-" rating in a research note on Wednesday, December 7th.
John Wiley & Sons Price Performance
Shares of WLY stock opened at $45.17 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.71. The firm's 50-day moving average is $43.10 and its two-hundred day moving average is $44.42. John Wiley & Sons, Inc. has a 12 month low of $36.57 and a 12 month high of $56.34. The company has a market capitalization of $2.51 billion, a PE ratio of 25.81 and a beta of 0.98.
John Wiley & Sons (NYSE:WLY – Get Rating) last issued its earnings results on Wednesday, December 7th. The company reported $1.20 EPS for the quarter. John Wiley & Sons had a net margin of 4.79% and a return on equity of 18.27%. The company had revenue of $514.84 million for the quarter. Analysts predict that John Wiley & Sons, Inc. will post 3.7 earnings per share for the current year.
John Wiley & Sons Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Tuesday, December 27th were paid a dividend of $0.347 per share. This represents a $1.39 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date was Friday, December 23rd. John Wiley & Sons's dividend payout ratio (DPR) is presently 79.43%.
John Wiley & Sons Profile
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John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research Publishing & Platforms, Academic & Professional Learning, and Education Services. The Research Publishing & Platforms segment provides scientific, technical, medical, and scholarly journals, as well as related content and services to academic, corporate, and government libraries, learned societies, and individual researchers and other professionals.
Further Reading
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