Teacher Retirement System of Texas acquired a new stake in John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,776 shares of the company's stock, valued at approximately $1,081,000. Teacher Retirement System of Texas owned about 0.05% of John Wiley & Sons at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Cardinal Capital Management bought a new stake in shares of John Wiley & Sons in the 3rd quarter valued at approximately $904,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of John Wiley & Sons in the third quarter worth approximately $355,000. Securian Asset Management Inc. purchased a new stake in shares of John Wiley & Sons in the third quarter worth approximately $145,000. Van ECK Associates Corp purchased a new stake in shares of John Wiley & Sons in the third quarter worth approximately $9,268,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of John Wiley & Sons in the third quarter worth approximately $246,000. 72.99% of the stock is owned by institutional investors.
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Insiders Place Their Bets
In other John Wiley & Sons news, EVP Aref Matin sold 11,450 shares of the firm's stock in a transaction on Thursday, January 12th. The stock was 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 approximately $355,302.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Separately, TheStreet upgraded John Wiley & Sons from a "c" rating to a "b-" rating in a report on Wednesday, December 7th.
John Wiley & Sons Trading Up 3.6 %
Shares of NYSE WLY opened at $47.45 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.71 and a current ratio of 0.76. The business's 50 day moving average price is $43.04 and its 200-day moving average price is $44.42. John Wiley & Sons, Inc. has a fifty-two week low of $36.57 and a fifty-two week high of $56.34. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 27.11 and a beta of 0.98.
John Wiley & Sons (NYSE:WLY – Get Rating) last issued its quarterly earnings results on Wednesday, December 7th. The company reported $1.20 earnings per share for the quarter. The firm had revenue of $514.84 million for the quarter. John Wiley & Sons had a return on equity of 18.27% and a net margin of 4.79%. On average, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders 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 annualized dividend and a yield of 2.93%. John Wiley & Sons's payout ratio is currently 79.43%.
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.
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