Victory Capital Management Inc. Acquires 19,017 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Victory Capital Management Inc. raised its position in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 113.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,762 shares of the company's stock after buying an additional 19,017 shares during the quarter. Victory Capital Management Inc. owned 0.07% of John Wiley & Sons worth $1,726,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of John Wiley & Sons during the 3rd quarter valued at $57,000. GAMMA Investing LLC boosted its position in John Wiley & Sons by 39.2% during the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company's stock valued at $57,000 after purchasing an additional 334 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in John Wiley & Sons in the second quarter valued at about $60,000. Point72 DIFC Ltd acquired a new position in John Wiley & Sons in the 2nd quarter worth about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of John Wiley & Sons during the 2nd quarter worth about $121,000. 73.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at John Wiley & Sons

In related news, EVP Danielle Mcmahan sold 2,318 shares of the business's stock in a transaction dated 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 directly owns 8,978 shares in the company, valued at $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 is available at this link. Corporate insiders own 0.62% of the company's stock.

John Wiley & Sons Stock Up 1.9 %

NYSE WLY traded up $0.97 during trading on Monday, reaching $53.13. The company's stock had a trading volume of 347,823 shares, compared to its average volume of 337,962. The business has a 50-day moving average price of $49.64 and a 200-day moving average price of $45.13. John Wiley & Sons, Inc. has a 1-year low of $29.04 and a 1-year high of $53.96. The stock has a market capitalization of $2.88 billion, a PE ratio of -26.08 and a beta of 0.85. 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 (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). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business had revenue of $403.81 million for the quarter, compared to analyst estimates of $387.40 million. During the same period in the previous year, the company earned $0.27 earnings per share. The company's quarterly revenue was down 10.5% compared to the same quarter last year.

John Wiley & Sons Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a dividend of $0.352 per share. This represents a $1.41 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons's dividend payout ratio is -70.50%.

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.