Intech Investment Management LLC Makes New $543,000 Investment in John Wiley & Sons, Inc. (NYSE:WLY)

Intech Investment Management LLC bought a new position in John Wiley & Sons, Inc. (NYSE:WLY) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 11,244 shares of the company’s stock, valued at approximately $543,000.

Several other institutional investors and hedge funds have also recently modified their holdings of WLY. Price T Rowe Associates Inc. MD boosted its position in shares of John Wiley & Sons by 5.5% during the 1st 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. Tidal Investments LLC increased its position in John Wiley & Sons by 257.7% in the 1st quarter. Tidal Investments LLC now owns 24,296 shares of the company’s stock valued at $925,000 after acquiring an additional 17,504 shares during the period. Cardinal Capital Management boosted its holdings in shares of John Wiley & Sons by 3.7% in the second quarter. Cardinal Capital Management now owns 29,628 shares of the company’s stock valued at $1,206,000 after acquiring an additional 1,068 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of John Wiley & Sons in the 2nd quarter valued at approximately $1,240,000. Finally, Hunter Perkins Capital Management LLC increased its holdings in John Wiley & Sons by 32.9% in the second quarter. Hunter Perkins Capital Management LLC now owns 12,725 shares of the company’s stock valued at $518,000 after buying an additional 3,150 shares in the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.

Insider Buying and Selling

In related news, EVP Danielle Mcmahan sold 2,318 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the sale, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at $443,602.98. This represents a 20.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by corporate insiders.

John Wiley & Sons Trading Down 0.5 %

NYSE:WLY opened at $52.18 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.27. John Wiley & Sons, Inc. has a 52-week low of $29.04 and a 52-week high of $53.96. The company has a market capitalization of $2.83 billion, a PE ratio of -26.09 and a beta of 0.85. The stock has a fifty day simple moving average of $50.25 and a 200-day simple moving average of $45.63.

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

John Wiley & Sons Cuts Dividend

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