Wall Street Zen Upgrades John Wiley & Sons (NYSE:WLY) to “Strong-Buy”

John Wiley & Sons (NYSE:WLY) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

John Wiley & Sons Trading Up 1.9%

WLY opened at $43.33 on Friday. The firm has a market capitalization of $2.33 billion, a P/E ratio of 28.32 and a beta of 0.88. The firm’s 50 day moving average is $41.79 and its 200-day moving average is $42.55. John Wiley & Sons has a 52-week low of $36.50 and a 52-week high of $53.96. The company has a quick ratio of 0.52, a current ratio of 0.54 and a debt-to-equity ratio of 1.05.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Tuesday, June 17th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.10. The business had revenue of $442.58 million during the quarter, compared to the consensus estimate of $435.00 million. John Wiley & Sons had a net margin of 5.02% and a return on equity of 27.42%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.21 earnings per share. Analysts expect that John Wiley & Sons will post 3.42 EPS for the current fiscal year.

Institutional Investors Weigh In On John Wiley & Sons

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its position in shares of John Wiley & Sons by 114.6% in the fourth quarter. Blue Trust Inc. now owns 749 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of John Wiley & Sons by 3.8% in the fourth quarter. Principal Financial Group Inc. now owns 217,071 shares of the company’s stock worth $9,488,000 after purchasing an additional 7,887 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of John Wiley & Sons by 39.9% in the fourth quarter. D.A. Davidson & CO. now owns 61,858 shares of the company’s stock worth $2,704,000 after purchasing an additional 17,630 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of John Wiley & Sons by 7.4% in the fourth quarter. New York State Common Retirement Fund now owns 297,820 shares of the company’s stock worth $13,018,000 after purchasing an additional 20,644 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of John Wiley & Sons by 19.0% in the fourth quarter. Handelsbanken Fonder AB now owns 13,137 shares of the company’s stock worth $574,000 after purchasing an additional 2,100 shares in the last quarter. 73.94% of the stock is currently owned by institutional investors.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.