Burgundy Asset Management Ltd. Grows Position in John Wiley & Sons, Inc. (NYSE:WLY)

Burgundy Asset Management Ltd. lifted its position in John Wiley & Sons, Inc. (NYSE:WLY) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 987,612 shares of the company’s stock after purchasing an additional 15,372 shares during the period. Burgundy Asset Management Ltd. owned about 1.81% of John Wiley & Sons worth $40,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its stake 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 position in John Wiley & Sons during the fourth quarter worth approximately $7,502,000. William Blair Investment Management LLC grew 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 during the period. Westfield Capital Management Co. LP acquired a new stake in John Wiley & Sons in the first quarter valued at approximately $7,052,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of John Wiley & Sons by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,924,498 shares of the company’s stock worth $78,326,000 after buying an additional 90,693 shares during the period. 73.94% of the stock is owned by hedge funds and other institutional investors.

John Wiley & Sons Trading Down 0.3 %

Shares of NYSE:WLY opened at $46.58 on Thursday. The business’s 50 day moving average price is $46.17 and its 200-day moving average price is $41.02. John Wiley & Sons, Inc. has a 1 year low of $28.83 and a 1 year high of $49.20. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -12.80 and a beta of 0.86. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.08). The company had revenue of $403.81 million for 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%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.3525 per share. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, July 9th. John Wiley & Sons’s payout ratio is -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.