Mackenzie Financial Corp Cuts Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Mackenzie Financial Corp decreased its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,274 shares of the company’s stock after selling 1,061 shares during the period. Mackenzie Financial Corp’s holdings in John Wiley & Sons were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in WLY. DekaBank Deutsche Girozentrale acquired a new position in John Wiley & Sons during the fourth quarter worth $48,000. Adirondack Trust Co. purchased a new stake in shares of John Wiley & Sons during the third quarter worth about $63,000. Allspring Global Investments Holdings LLC raised its position in shares of John Wiley & Sons by 5,897.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company’s stock worth $88,000 after purchasing an additional 2,713 shares during the last quarter. Acadian Asset Management LLC purchased a new position in John Wiley & Sons in the 3rd quarter valued at about $89,000. Finally, International Assets Investment Management LLC acquired a new stake in John Wiley & Sons in the 4th quarter worth about $100,000. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

Shares of John Wiley & Sons stock opened at $38.35 on Friday. The stock has a market capitalization of $2.10 billion, a P/E ratio of -13.32 and a beta of 0.91. The business has a 50 day simple moving average of $36.53 and a two-hundred day simple moving average of $33.37. John Wiley & Sons, Inc. has a 12 month low of $28.83 and a 12 month high of $40.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.54 and a quick ratio of 0.50.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.45 by $0.14. The firm had revenue of $460.70 million during the quarter, compared to analysts’ expectations of $392.60 million. John Wiley & Sons had a positive return on equity of 18.83% and a negative net margin of 8.14%. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. As a group, analysts predict that John Wiley & Sons, Inc. will post 2.55 EPS for the current fiscal year.

John Wiley & Sons Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Monday, April 8th. John Wiley & Sons’s dividend payout ratio is currently -48.61%.

Insider Buying and Selling

In other John Wiley & Sons news, EVP Jay Flynn sold 6,114 shares of the stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total value of $237,345.48. Following the completion of the sale, the executive vice president now owns 8,069 shares in the company, valued at approximately $313,238.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by company insiders.

About John Wiley & Sons

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.