Eagle Asset Management Inc. Purchases 116,772 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Eagle Asset Management Inc. grew its stake in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 40.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 407,997 shares of the company's stock after acquiring an additional 116,772 shares during the quarter. Eagle Asset Management Inc. owned 0.75% of John Wiley & Sons worth $21,273,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in John Wiley & Sons by 36.9% during the first quarter. Russell Investments Group Ltd. now owns 58,568 shares of the company's stock worth $2,233,000 after acquiring an additional 15,779 shares in the last quarter. US Bancorp DE grew its stake in shares of John Wiley & Sons by 448.0% during the first quarter. US Bancorp DE now owns 11,174 shares of the company's stock worth $426,000 after buying an additional 9,135 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of John Wiley & Sons by 5.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,826 shares of the company's stock worth $497,000 after purchasing an additional 640 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of John Wiley & Sons by 33.6% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,407 shares of the company's stock worth $976,000 after purchasing an additional 6,390 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in John Wiley & Sons during the 1st quarter worth about $1,186,000. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Trading Up 2.4 %

NYSE WLY traded up $1.21 during trading hours on Friday, hitting $52.16. 271,913 shares of the company's stock were exchanged, compared to its average volume of 253,538. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of -26.08 and a beta of 0.85. The stock has a 50-day simple moving average of $49.64 and a 200 day simple moving average of $45.04. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. John Wiley & Sons, Inc. has a 1-year low of $29.04 and a 1-year high of $53.79.

John Wiley & Sons (NYSE:WLY - Get Free Report) last posted 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). The firm had revenue of $403.81 million for the quarter, compared to the consensus estimate of $387.40 million. John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. John Wiley & Sons's quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 EPS.

John Wiley & Sons Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were given a dividend of $0.352 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 annualized dividend and a dividend yield of 2.70%. John Wiley & Sons's dividend payout ratio (DPR) is presently -70.50%.

Insider Buying and Selling

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the company's stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the transaction, the executive vice president now owns 8,978 shares in the company, valued at approximately $443,602.98. This represents a 20.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by corporate insiders.

About John Wiley & Sons

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.