Jay Flynn Sells 6,114 Shares of John Wiley & Sons, Inc. (NYSE:WLY) Stock

John Wiley & Sons, Inc. (NYSE:WLY) EVP Jay Flynn sold 6,114 shares of John Wiley & Sons 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 sale, the executive vice president now directly owns 8,069 shares in the company, valued at approximately $313,238.58. The sale was disclosed in a legal filing with the SEC, which is available through this link.

John Wiley & Sons Trading Down 2.4 %

Shares of John Wiley & Sons stock opened at $37.12 on Friday. The business’s fifty day moving average price is $35.77 and its two-hundred day moving average price is $33.26. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.20. John Wiley & Sons, Inc. has a 1-year low of $28.83 and a 1-year high of $40.23.

John Wiley & Sons (NYSE:WLY) last announced its earnings results on Thursday, March 7th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.14. The firm had revenue of $460.70 million for 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 firm’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Monday, April 8th. John Wiley & Sons’s payout ratio is currently -48.61%.

Institutional Trading of John Wiley & Sons

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of John Wiley & Sons in the 3rd quarter worth $187,724,000. Vanguard Group Inc. bought a new stake in shares of John Wiley & Sons in the 3rd quarter worth $175,812,000. State Street Corp bought a new stake in shares of John Wiley & Sons in the 3rd quarter worth $174,063,000. Burgundy Asset Management Ltd. bought a new stake in shares of John Wiley & Sons in the 4th quarter worth $30,180,000. Finally, Schroder Investment Management Group raised its stake in shares of John Wiley & Sons by 66.7% in 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 in the last quarter. Institutional investors own 73.94% 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.