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47,127 Shares in John Wiley & Sons, Inc. (NYSE:WLY) Acquired by State of New Jersey Common Pension Fund D

Defense World · Jan 22, 2023 06:31

State of New Jersey Common Pension Fund D acquired a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 47,127 shares of the company's stock, valued at approximately $1,770,000. State of New Jersey Common Pension Fund D owned about 0.08% of John Wiley & Sons at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wipfli Financial Advisors LLC bought a new position in John Wiley & Sons in the third quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC bought a new position in John Wiley & Sons in the third quarter valued at approximately $30,000. US Bancorp DE bought a new position in John Wiley & Sons in the third quarter valued at approximately $32,000. Ronald Blue Trust Inc. bought a new position in John Wiley & Sons in the third quarter valued at approximately $36,000. Finally, HM Payson & Co. bought a new position in John Wiley & Sons in the third quarter valued at approximately $66,000. Institutional investors own 72.99% of the company's stock.

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John Wiley & Sons Stock Performance

Shares of WLY stock opened at $44.90 on Friday. The company's fifty day simple moving average is $43.30 and its 200-day simple moving average is $44.47. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2.49 billion, a PE ratio of 25.66 and a beta of 0.98. John Wiley & Sons, Inc. has a 12 month low of $36.57 and a 12 month high of $56.34.

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 business had revenue of $514.84 million for the quarter. John Wiley & Sons had a net margin of 4.79% and a return on equity of 18.27%. 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 announced a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Tuesday, December 27th were issued a dividend of $0.347 per share. The ex-dividend date was Friday, December 23rd. This represents a $1.39 dividend on an annualized basis and a yield of 3.09%. John Wiley & Sons's payout ratio is 79.43%.

Insider Buying and Selling

In related news, EVP Aref Matin sold 11,450 shares of the business's stock in a transaction on 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 in the company, valued at $355,302.66. The sale was disclosed in a filing with the SEC, which is available through this link. 0.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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 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.