Intech Investment Management LLC decreased its holdings in John Wiley & Sons, Inc. (NYSE:WLY – Free Report) by 69.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,058 shares of the company’s stock after selling 97,027 shares during the quarter. Intech Investment Management LLC owned 0.08% of John Wiley & Sons worth $1,919,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in John Wiley & Sons in the 1st quarter valued at about $29,000. State of Wyoming bought a new position in shares of John Wiley & Sons during the 4th quarter worth approximately $46,000. GAMMA Investing LLC lifted its position in shares of John Wiley & Sons by 35.8% during the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the company’s stock worth $70,000 after buying an additional 412 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of John Wiley & Sons by 37.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 1,827 shares of the company’s stock worth $81,000 after purchasing an additional 501 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of John Wiley & Sons in the 1st quarter worth approximately $208,000. Institutional investors own 73.94% of the company’s stock.
John Wiley & Sons Stock Up 2.0%
Shares of NYSE:WLY opened at $42.23 on Wednesday. John Wiley & Sons, Inc. has a 52-week low of $36.10 and a 52-week high of $53.96. The firm has a fifty day moving average of $40.13 and a 200 day moving average of $41.70. The firm has a market capitalization of $2.25 billion, a PE ratio of 23.72 and a beta of 1.02. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.61 and a current ratio of 0.65.
John Wiley & Sons Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th were paid a $0.355 dividend. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, July 8th. John Wiley & Sons’s payout ratio is presently 79.78%.
John Wiley & Sons announced that its board has authorized a stock repurchase program on Thursday, June 26th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered shares of John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 6th.
Get Our Latest Research Report on John Wiley & Sons
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.
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