11,400 Shares in John Wiley & Sons, Inc. (NYSE:WLY) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in John Wiley & Sons, Inc. (NYSE:WLY – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,400 shares of the company’s stock, valued at approximately $428,000.

Several other institutional investors have also recently bought and sold shares of the business. Willis Investment Counsel bought a new stake in shares of John Wiley & Sons during the 3rd quarter valued at approximately $6,521,000. Bonness Enterprises Inc. bought a new stake in shares of John Wiley & Sons during the third quarter worth $1,818,000. Nordea Investment Management AB acquired a new position in shares of John Wiley & Sons during the third quarter worth $1,442,000. Pacer Advisors Inc. bought a new position in shares of John Wiley & Sons in the 3rd quarter valued at $77,000. Finally, New Mexico Educational Retirement Board acquired a new stake in shares of John Wiley & Sons during the 3rd quarter valued at $255,000. Institutional investors and hedge funds own 72.99% of the company’s stock.

John Wiley & Sons Stock Up 0.6 %

NYSE:WLY opened at $42.86 on Wednesday. John Wiley & Sons, Inc. has a one year low of $36.57 and a one year high of $57.11. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.76 and a quick ratio of 0.71. The company has a market cap of $2.38 billion, a PE ratio of 24.49 and a beta of 0.98. The firm’s 50 day simple moving average is $43.14 and its 200 day simple moving average is $44.68.

John Wiley & Sons (NYSE:WLY – Get Rating) last issued its quarterly earnings results on Wednesday, December 7th. The company reported $1.20 EPS for the quarter. The company had revenue of $514.84 million for the quarter. John Wiley & Sons had a net margin of 4.79% and a return on equity of 18.27%. On average, research analysts anticipate that John Wiley & Sons, Inc. will post 3.7 earnings per share for the current year.

John Wiley & Sons Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Tuesday, December 27th will be paid a $0.347 dividend. The ex-dividend date of this dividend is Friday, December 23rd. This represents a $1.39 annualized dividend and a dividend yield of 3.24%. John Wiley & Sons’s payout ratio is 79.43%.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised John Wiley & Sons from a “c” rating to a “b-” rating in a report on Wednesday, December 7th.

John Wiley & Sons Company Profile

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John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research Publishing & Platforms, Academic & Professional Learning, and Education Services. The Research Publishing & Platforms segment 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.