Wedge Capital Management L L P NC Acquires Shares of 30,467 John Wiley & Sons, Inc. (NYSE:WLY)

Wedge Capital Management L L P NC bought a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 30,467 shares of the company's stock, valued at approximately $1,240,000. Wedge Capital Management L L P NC owned approximately 0.06% of John Wiley & Sons at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WLY. Daiwa Securities Group Inc. acquired a new position in shares of John Wiley & Sons during the fourth quarter worth approximately $29,000. GAMMA Investing LLC lifted its position in shares of John Wiley & Sons by 96.9% during the first quarter. GAMMA Investing LLC now owns 754 shares of the company's stock worth $29,000 after purchasing an additional 371 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of John Wiley & Sons during the fourth quarter worth approximately $48,000. Adirondack Trust Co. lifted its position in shares of John Wiley & Sons by 23.5% during the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company's stock worth $70,000 after purchasing an additional 400 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of John Wiley & Sons by 5,897.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company's stock worth $88,000 after purchasing an additional 2,713 shares in the last quarter. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Trading Up 0.2 %

NYSE WLY traded up $0.08 during trading hours on Friday, hitting $45.85. The company's stock had a trading volume of 227,259 shares, compared to its average volume of 345,876. The stock has a fifty day moving average of $43.50 and a 200 day moving average of $38.90. John Wiley & Sons, Inc. has a twelve month low of $28.83 and a twelve month high of $49.20. The firm has a market capitalization of $2.50 billion, a P/E ratio of -12.59 and a beta of 0.86. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.04.

John Wiley & Sons (NYSE:WLY - Get Free Report) last announced its quarterly earnings data on Thursday, June 13th. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.40. John Wiley & Sons had a negative net margin of 10.69% and a positive return on equity of 18.82%. The business had revenue of $468.46 million for the quarter, compared to analyst estimates of $438.70 million. During the same period in the prior year, the business posted $1.45 earnings per share. John Wiley & Sons's revenue was down 11.0% compared to the same quarter last year. Equities research analysts forecast that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were issued a $0.3525 dividend. The ex-dividend date was Tuesday, July 9th. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a yield of 3.08%. John Wiley & Sons's dividend payout ratio (DPR) is -38.74%.

John Wiley & Sons 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.