Intech Investment Management LLC Takes Position in John Wiley & Sons, Inc. (NYSE:WLY)

Intech Investment Management LLC acquired a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,244 shares of the company's stock, valued at approximately $543,000.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in John Wiley & Sons by 39.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,187 shares of the company's stock worth $57,000 after purchasing an additional 334 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in John Wiley & Sons during the 3rd quarter worth $57,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of John Wiley & Sons during the second quarter worth $60,000. Point72 DIFC Ltd bought a new stake in shares of John Wiley & Sons in the second quarter valued at about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of John Wiley & Sons in the second quarter valued at about $121,000. Institutional investors own 73.94% of the company's stock.

Insider Transactions at John Wiley & Sons

In related news, EVP Danielle Mcmahan sold 2,318 shares of the business's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the sale, the executive vice president now owns 8,978 shares of the company's stock, valued at $443,602.98. The trade was a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.62% of the stock is owned by insiders.

John Wiley & Sons Stock Performance

John Wiley & Sons stock traded down $1.40 during midday trading on Monday, hitting $50.78. The company's stock had a trading volume of 373,871 shares, compared to its average volume of 335,645. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53. John Wiley & Sons, Inc. has a 1-year low of $29.04 and a 1-year high of $53.96. The company has a 50-day moving average price of $50.25 and a two-hundred day moving average price of $45.63.

John Wiley & Sons (NYSE:WLY - Get Free Report) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by ($0.08). The business had revenue of $403.81 million during the quarter, compared to analyst estimates of $387.40 million. John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share.

John Wiley & Sons Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were given a dividend of $0.352 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.41 annualized dividend and a dividend yield of 2.77%. John Wiley & Sons's dividend payout ratio is -70.50%.

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.