Mackenzie Financial Corp Has $577,000 Stake in John Wiley & Sons, Inc. (NYSE:WLY)

Mackenzie Financial Corp lowered its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 30.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,941 shares of the company’s stock after selling 5,747 shares during the period. Mackenzie Financial Corp’s holdings in John Wiley & Sons were worth $577,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in John Wiley & Sons by 35.8% in the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the company’s stock worth $70,000 after purchasing an additional 412 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of John Wiley & Sons by 2.7% in the first quarter. Principal Financial Group Inc. now owns 222,972 shares of the company’s stock valued at $9,936,000 after purchasing an additional 5,901 shares during the period. SG Americas Securities LLC acquired a new stake in shares of John Wiley & Sons in the first quarter worth $880,000. Northern Trust Corp boosted its holdings in shares of John Wiley & Sons by 10.9% during the 4th quarter. Northern Trust Corp now owns 440,272 shares of the company’s stock worth $19,244,000 after buying an additional 43,275 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of John Wiley & Sons by 55.5% during the 4th quarter. Deutsche Bank AG now owns 33,174 shares of the company’s stock worth $1,450,000 after buying an additional 11,839 shares during the period. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Trading Up 0.1%

John Wiley & Sons stock opened at $37.91 on Thursday. John Wiley & Sons, Inc. has a 52 week low of $36.50 and a 52 week high of $53.96. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.51 and a current ratio of 0.54. The firm has a market capitalization of $2.02 billion, a PE ratio of 24.78 and a beta of 0.96. The business’s 50-day simple moving average is $40.65 and its 200-day simple moving average is $41.85.

John Wiley & Sons (NYSE:WLY) last released its earnings results on Tuesday, June 17th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.10. The firm had revenue of $442.58 million for the quarter, compared to analyst estimates of $435.00 million. John Wiley & Sons had a return on equity of 27.42% and a net margin of 5.02%. The company’s revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 EPS. Equities research analysts forecast that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons declared that its board has approved a stock buyback plan on Thursday, June 26th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board of directors believes its shares are undervalued.

John Wiley & Sons Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Tuesday, July 8th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 3.7%. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, July 8th. John Wiley & Sons’s payout ratio is presently 92.81%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of John Wiley & Sons from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 21st.

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.