Edgestream Partners L.P. purchased a new stake in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 33,688 shares of the company's stock, valued at approximately $1,625,000. Edgestream Partners L.P. owned 0.06% of John Wiley & Sons at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in John Wiley & Sons by 257.7% in the 1st quarter. Tidal Investments LLC now owns 24,296 shares of the company's stock valued at $925,000 after purchasing an additional 17,504 shares during the period. Victory Capital Management Inc. boosted its stake in shares of John Wiley & Sons by 113.6% in the 3rd quarter. Victory Capital Management Inc. now owns 35,762 shares of the company's stock valued at $1,726,000 after purchasing an additional 19,017 shares during the last quarter. Eagle Asset Management Inc. boosted its stake in John Wiley & Sons by 40.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 407,997 shares of the company's stock worth $21,273,000 after acquiring an additional 116,772 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in John Wiley & Sons during the 2nd quarter worth approximately $1,240,000. Finally, Acadian Asset Management LLC bought a new position in John Wiley & Sons during the 2nd quarter worth approximately $1,418,000. 73.94% of the stock is owned by institutional investors.
Insider Buying and Selling
In other news, EVP Danielle Mcmahan sold 2,318 shares of the business's stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the completion of the sale, the executive vice president now owns 8,978 shares of the company's stock, valued at approximately $443,602.98. The trade was a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.62% of the stock is owned by corporate insiders.
John Wiley & Sons Price Performance
John Wiley & Sons stock traded down $0.38 during midday trading on Wednesday, hitting $49.47. 454,136 shares of the stock were exchanged, compared to its average volume of 336,448. The company has a fifty day simple moving average of $50.39 and a two-hundred day simple moving average of $45.80. John Wiley & Sons, Inc. has a 52 week low of $29.04 and a 52 week high of $53.96. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.27.
John Wiley & Sons (NYSE:WLY - Get Free Report) last announced its earnings results on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.08). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The company had revenue of $403.81 million for the quarter, compared to analyst estimates of $387.40 million. During the same quarter last year, the business posted $0.27 earnings per share. The business's quarterly revenue was down 10.5% on a year-over-year basis.
John Wiley & Sons Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were issued a dividend of $0.352 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 dividend on an annualized basis and a yield of 2.85%. John Wiley & Sons's payout ratio is -70.50%.
About John Wiley & Sons
(
Free Report)
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.
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