Victory Capital Management Inc. Purchases 19,017 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Victory Capital Management Inc. lifted its position in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 113.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 35,762 shares of the company’s stock after acquiring an additional 19,017 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of John Wiley & Sons worth $1,726,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in WLY. State Board of Administration of Florida Retirement System boosted its stake in John Wiley & Sons by 5.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,826 shares of the company’s stock worth $497,000 after purchasing an additional 640 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of John Wiley & Sons by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 48,851 shares of the company’s stock valued at $1,863,000 after purchasing an additional 3,354 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of John Wiley & Sons by 5.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 26,945 shares of the company’s stock worth $1,028,000 after purchasing an additional 1,412 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of John Wiley & Sons in the first quarter worth $212,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in John Wiley & Sons by 22.4% during the first quarter. Jacobs Levy Equity Management Inc. now owns 153,201 shares of the company’s stock valued at $5,842,000 after buying an additional 28,054 shares during the period. Hedge funds and other institutional investors own 73.94% of the company’s stock.

Insider Activity at John Wiley & Sons

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total transaction of $114,532.38. Following the transaction, the executive vice president now owns 8,978 shares in the company, valued at $443,602.98. The trade was a 20.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is owned by corporate insiders.

John Wiley & Sons Stock Performance

NYSE WLY opened at $52.16 on Monday. John Wiley & Sons, Inc. has a 52-week low of $29.04 and a 52-week high of $53.79. The company has a fifty day moving average of $49.64 and a 200-day moving average of $45.09. The company has a market capitalization of $2.83 billion, a P/E ratio of -26.08 and a beta of 0.85. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.08). John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The business had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $387.40 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were paid a $0.352 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 dividend on an annualized basis and a yield of 2.70%. John Wiley & Sons’s payout ratio is presently -70.50%.

John Wiley & Sons Profile

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.