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Seizert Capital Partners LLC Acquires Shares of 29,378 John Wiley & Sons, Inc. (NYSE:WLY)

Financial News Live · Jan 18, 2023 10:32

Seizert Capital Partners LLC acquired a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 29,378 shares of the company's stock, valued at approximately $1,103,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cannell & Co. acquired a new stake in shares of John Wiley & Sons in the third quarter valued at $26,563,000. Victory Capital Management Inc. acquired a new stake in shares of John Wiley & Sons in the third quarter valued at $17,208,000. Raymond James & Associates acquired a new stake in shares of John Wiley & Sons in the third quarter valued at $13,503,000. Van ECK Associates Corp acquired a new stake in shares of John Wiley & Sons in the third quarter valued at $9,268,000. Finally, Willis Investment Counsel acquired a new stake in shares of John Wiley & Sons in the third quarter valued at $6,521,000. 72.99% of the stock is owned by institutional investors.

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John Wiley & Sons Price Performance

Shares of NYSE:WLY traded up $0.03 during midday trading on Wednesday, reaching $44.08. The company's stock had a trading volume of 105 shares, compared to its average volume of 173,166. The business's fifty day simple moving average is $43.36 and its 200-day simple moving average is $44.53. 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 company has a market capitalization of $2.45 billion, a P/E ratio of 25.17 and a beta of 0.98. John Wiley & Sons, Inc. has a fifty-two week low of $36.57 and a fifty-two week high of $57.04.

John Wiley & Sons (NYSE:WLY – Get Rating) last announced its quarterly earnings data on Wednesday, December 7th. The company reported $1.20 EPS for the quarter. The firm had revenue of $514.84 million during the quarter. John Wiley & Sons had a return on equity of 18.27% and a net margin of 4.79%. As a group, equities research analysts expect that John Wiley & Sons, Inc. will post 3.7 EPS for the current fiscal year.

John Wiley & Sons Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Tuesday, December 27th were given a $0.347 dividend. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $1.39 dividend on an annualized basis and a yield of 3.15%. John Wiley & Sons's payout ratio is 79.43%.

Insider Buying and Selling

In related news, EVP Aref Matin sold 11,450 shares of John Wiley & Sons stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $43.51, for a total value of $498,189.50. Following the completion of the sale, the executive vice president now directly owns 8,166 shares in the company, valued at $355,302.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company's stock.

Analysts Set New Price Targets

Separately, TheStreet upgraded John Wiley & Sons from a "c" rating to a "b-" rating in a research note on Wednesday, December 7th.

John Wiley & Sons Company 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.