Louisiana State Employees Retirement System Takes Position in John Wiley & Sons, Inc. (NYSE:WLY)

Louisiana State Employees Retirement System bought a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 21,300 shares of the company’s stock, valued at approximately $676,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of John Wiley & Sons by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,466,223 shares of the company’s stock worth $203,180,000 after buying an additional 123,637 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of John Wiley & Sons by 66.7% during the 3rd quarter. Schroder Investment Management Group now owns 1,099,511 shares of the company’s stock worth $40,869,000 after buying an additional 439,837 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of John Wiley & Sons by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 884,008 shares of the company’s stock worth $32,859,000 after buying an additional 18,658 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in John Wiley & Sons by 9.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 615,634 shares of the company’s stock valued at $22,883,000 after purchasing an additional 55,144 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in John Wiley & Sons by 14.6% in the third quarter. Victory Capital Management Inc. now owns 309,737 shares of the company’s stock valued at $11,513,000 after purchasing an additional 39,495 shares during the last quarter. 73.94% of the stock is currently owned by institutional investors.

John Wiley & Sons Price Performance

John Wiley & Sons stock opened at $38.35 on Monday. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $2.10 billion, a PE ratio of -13.32 and a beta of 0.91. John Wiley & Sons, Inc. has a 12 month low of $28.83 and a 12 month high of $40.23. The stock has a 50-day moving average price of $36.53 and a two-hundred day moving average price of $33.41.

John Wiley & Sons (NYSE:WLY) last posted its earnings results on Thursday, March 7th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.45 by $0.14. The firm had revenue of $460.70 million during the quarter, compared to the consensus estimate 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 business’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. Analysts expect that John Wiley & Sons, Inc. will post 2.55 EPS for the current year.

John Wiley & Sons Announces Dividend

The business 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. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.40 annualized dividend and a dividend yield of 3.65%. John Wiley & Sons’s payout ratio is -48.61%.

Insider Activity

In other news, EVP Jay Flynn sold 6,114 shares of the stock in a transaction dated Wednesday, April 10th. The stock was 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 of the company’s stock, valued at $313,238.58. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.79% of the company’s stock.

John Wiley & Sons Company 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.