241,349 Shares in John Wiley & Sons, Inc. $WLY Acquired by Nuveen LLC

Key Points

• Nuveen LLC has purchased 241,349 shares of John Wiley & Sons, Inc., valued at approximately $10.75 million, which represents about 0.45% of the company's shares.
• The company recently declared a quarterly dividend of $0.355 per share, reflecting a 3.4% yield, an increase from the previous dividend of $0.35.
• John Wiley & Sons reported an EPS of $1.37 for its last quarter, beating analysts' estimates, though its revenue decreased by 5.5% year-over-year.

Nuveen LLC acquired a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 241,349 shares of the company's stock, valued at approximately $10,755,000. Nuveen LLC owned approximately 0.45% of John Wiley & Sons as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. boosted its position in John Wiley & Sons by 15.4% during the 1st quarter. Brown Advisory Inc. now owns 1,184,954 shares of the company's stock valued at $52,802,000 after purchasing an additional 158,192 shares during the period. Burgundy Asset Management Ltd. boosted its position in John Wiley & Sons by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,027,831 shares of the company's stock valued at $44,926,000 after purchasing an additional 17,583 shares during the period. Northern Trust Corp boosted its position in John Wiley & Sons by 10.9% during the 4th quarter. Northern Trust Corp now owns 440,272 shares of the company's stock valued at $19,244,000 after purchasing an additional 43,275 shares during the period. Alta Fox Capital Management LLC boosted its position in John Wiley & Sons by 171.8% during the 4th quarter. Alta Fox Capital Management LLC now owns 347,047 shares of the company's stock valued at $15,169,000 after purchasing an additional 219,349 shares during the period. Finally, New York State Common Retirement Fund boosted its position in John Wiley & Sons by 0.5% during the 1st quarter. New York State Common Retirement Fund now owns 299,229 shares of the company's stock valued at $13,334,000 after purchasing an additional 1,409 shares during the period. Institutional investors and hedge funds own 73.94% of the company's stock.

John Wiley & Sons Price Performance

WLY stock traded down $0.43 during midday trading on Thursday, reaching $40.14. 20,667 shares of the company's stock traded hands, compared to its average volume of 453,471. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 26.28 and a beta of 0.96. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.05. The company has a 50-day simple moving average of $40.91 and a two-hundred day simple moving average of $41.62. John Wiley & Sons, Inc. has a 1-year low of $36.50 and a 1-year high of $53.96.

John Wiley & Sons (NYSE:WLY - Get Free Report) last posted its earnings results on Tuesday, June 17th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.10. John Wiley & Sons had a return on equity of 27.42% and a net margin of 5.02%.The firm had revenue of $442.58 million during the quarter, compared to analysts' expectations of $435.00 million. During the same period in the previous year, the firm earned $1.21 earnings per share. The company's revenue was down 5.5% on a year-over-year basis. John Wiley & Sons has set its FY 2026 guidance at 3.900-4.350 EPS. On average, analysts anticipate that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons declared that its Board of Directors has initiated a stock buyback program on Thursday, June 26th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

John Wiley & Sons Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Tuesday, July 8th were given a dividend of $0.355 per share. This is an increase from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, July 8th. John Wiley & Sons's dividend payout ratio (DPR) is currently 92.81%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised John Wiley & Sons from a "buy" rating to a "strong-buy" rating in a research note on Saturday, June 21st.

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.