1,026,762 Shares in John Wiley & Sons, Inc. (NYSE:WLY) Purchased by Brown Advisory Inc.

Brown Advisory Inc. purchased a new position in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,026,762 shares of the company's stock, valued at approximately $44,880,000. Brown Advisory Inc. owned approximately 1.90% of John Wiley & Sons at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Sterling Capital Management LLC raised its holdings in John Wiley & Sons by 686.1% in the fourth quarter. Sterling Capital Management LLC now owns 621 shares of the company's stock worth $27,000 after buying an additional 542 shares during the last quarter. Aquatic Capital Management LLC bought a new stake in shares of John Wiley & Sons during the 4th quarter valued at $34,000. Blue Trust Inc. boosted its stake in shares of John Wiley & Sons by 114.6% in the fourth quarter. Blue Trust Inc. now owns 749 shares of the company's stock worth $36,000 after acquiring an additional 400 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of John Wiley & Sons during the fourth quarter valued at approximately $112,000. Finally, Nisa Investment Advisors LLC grew its position in shares of John Wiley & Sons by 2,578.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company's stock valued at $151,000 after purchasing an additional 3,300 shares in the last quarter. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Price Performance

Shares of WLY traded down $0.72 during mid-day trading on Friday, hitting $44.14. 575,795 shares of the stock were exchanged, compared to its average volume of 362,633. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66. The company has a market cap of $2.38 billion, a PE ratio of -48.51 and a beta of 0.95. John Wiley & Sons, Inc. has a 52-week low of $34.85 and a 52-week high of $53.96. The firm has a 50-day moving average of $43.60 and a two-hundred day moving average of $44.69.

John Wiley & Sons (NYSE:WLY - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.45 by $0.39. The business had revenue of $404.63 million during the quarter, compared to analyst estimates of $401.10 million. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. On average, equities analysts predict that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Tuesday, April 8th were paid a $0.3525 dividend. This represents a $1.41 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Tuesday, April 8th. John Wiley & Sons's payout ratio is 190.54%.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.