Illinois Municipal Retirement Fund Reduces Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Illinois Municipal Retirement Fund trimmed its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 2.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,380 shares of the company’s stock after selling 568 shares during the period. Illinois Municipal Retirement Fund’s holdings in John Wiley & Sons were worth $806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in WLY. SG Americas Securities LLC acquired a new stake in shares of John Wiley & Sons during the 3rd quarter worth about $651,000. Commonwealth Equity Services LLC increased its stake in John Wiley & Sons by 189.9% in the third quarter. Commonwealth Equity Services LLC now owns 23,044 shares of the company’s stock valued at $857,000 after purchasing an additional 15,095 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in John Wiley & Sons during the third quarter worth approximately $375,000. 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. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of John Wiley & Sons by 4.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,239 shares of the company’s stock valued at $269,000 after buying an additional 332 shares in the last quarter. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Stock Up 0.5 %

Shares of NYSE:WLY opened at $38.54 on Tuesday. John Wiley & Sons, Inc. has a 12 month low of $28.83 and a 12 month high of $40.23. 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’s fifty day moving average price is $36.63 and its 200 day moving average price is $33.47.

John Wiley & Sons (NYSE:WLY) last posted its earnings results on Thursday, March 7th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.14. The business had revenue of $460.70 million for 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 business’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. On average, equities research analysts anticipate that John Wiley & Sons, Inc. will post 2.55 EPS for the current fiscal year.

John Wiley & Sons Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Monday, April 8th. John Wiley & Sons’s payout ratio is currently -48.61%.

Insider Transactions at John Wiley & Sons

In related news, EVP Jay Flynn sold 6,114 shares of the company’s stock in a transaction on 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 the SEC website. Insiders own 0.79% of the company’s stock.

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.