Cubist Systematic Strategies LLC Invests $1.25 Million in John Wiley & Sons, Inc. (NYSE:WLY)

Cubist Systematic Strategies LLC purchased a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 30,580 shares of the company’s stock, valued at approximately $1,245,000. Cubist Systematic Strategies LLC owned approximately 0.06% of John Wiley & Sons as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Louisiana State Employees Retirement System increased its stake in shares of John Wiley & Sons by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock worth $863,000 after buying an additional 300 shares during the period. Mission Wealth Management LP increased its stake in shares of John Wiley & Sons by 3.1% during the first quarter. Mission Wealth Management LP now owns 11,629 shares of the company’s stock worth $443,000 after buying an additional 350 shares during the period. GAMMA Investing LLC increased its stake in shares of John Wiley & Sons by 96.9% during the first quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock worth $29,000 after buying an additional 371 shares during the period. Adirondack Trust Co. increased its stake in shares of John Wiley & Sons by 23.5% during the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock worth $70,000 after buying an additional 400 shares during the period. Finally, Access Investment Management LLC increased its stake in shares of John Wiley & Sons by 0.7% during the second quarter. Access Investment Management LLC now owns 66,755 shares of the company’s stock worth $2,717,000 after buying an additional 480 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Up 0.9 %

WLY stock opened at $48.67 on Wednesday. The company’s 50 day moving average price is $46.16 and its 200 day moving average price is $41.68. 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, Inc. has a fifty-two week low of $28.83 and a fifty-two week high of $49.20. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of -13.26 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate 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%. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, equities research analysts anticipate that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be paid a $0.352 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $1.41 annualized dividend and a yield of 2.89%. John Wiley & Sons’s dividend payout ratio 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.