Rhumbline Advisers Reduces Position in John Wiley & Sons, Inc. (NYSE:WLY)

Rhumbline Advisers reduced its position in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,177 shares of the company’s stock after selling 6,726 shares during the period. Rhumbline Advisers owned about 0.22% of John Wiley & Sons worth $4,973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of WLY. Burgundy Asset Management Ltd. purchased a new stake in John Wiley & Sons during the 4th quarter worth about $30,180,000. Schroder Investment Management Group raised its position in shares of John Wiley & Sons by 27.5% during the 4th quarter. Schroder Investment Management Group now owns 1,402,002 shares of the company’s stock worth $44,500,000 after acquiring an additional 302,491 shares in the last quarter. Norges Bank purchased a new stake in John Wiley & Sons during the fourth quarter worth approximately $7,502,000. William Blair Investment Management LLC boosted its holdings in John Wiley & Sons by 21.6% in the first quarter. William Blair Investment Management LLC now owns 1,060,573 shares of the company’s stock valued at $40,440,000 after purchasing an additional 188,211 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in John Wiley & Sons in the first quarter valued at approximately $7,052,000. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Up 3.7 %

WLY stock opened at $46.86 on Monday. The stock has a market cap of $2.55 billion, a P/E ratio of -12.87 and a beta of 0.86. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. John Wiley & Sons, Inc. has a twelve month low of $28.83 and a twelve month high of $49.20. The company’s 50 day moving average is $46.04 and its two-hundred day moving average is $40.79.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.08). The company 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 was down 10.5% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. Research analysts expect that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were paid a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Tuesday, July 9th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s dividend payout ratio (DPR) is currently -38.74%.

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.