Connor Clark & Lunn Investment Management Ltd. Buys New Position in John Wiley & Sons, Inc. $WLY

Key Points

• Connor Clark & Lunn Investment Management Ltd. has acquired a new stake in John Wiley & Sons, purchasing 11,564 shares valued at approximately $515,000 in the 1st quarter.
• John Wiley & Sons has announced a $250 million share repurchase program, signaling confidence from the board in the stock's valuation.
• The company reported an EPS of $1.37 for the last quarter, exceeding analysts' expectations, with revenue of $442.58 million despite a 5.5% decline year-over-year.

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,564 shares of the company's stock, valued at approximately $515,000.

A number of other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. raised its holdings in shares of John Wiley & Sons by 6.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,111 shares of the company's stock worth $228,000 after buying an additional 295 shares in the last quarter. TradeLink Capital LLC increased its holdings in John Wiley & Sons by 35.9% in the 1st quarter. TradeLink Capital LLC now owns 18,518 shares of the company's stock worth $825,000 after purchasing an additional 4,891 shares in the last quarter. XTX Topco Ltd acquired a new position in John Wiley & Sons in the 1st quarter worth about $208,000. Meeder Asset Management Inc. increased its holdings in John Wiley & Sons by 155.2% in the 1st quarter. Meeder Asset Management Inc. now owns 6,543 shares of the company's stock worth $292,000 after purchasing an additional 3,979 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in John Wiley & Sons in the 1st quarter worth about $1,111,000. Institutional investors and hedge funds own 73.94% of the company's stock.

John Wiley & Sons Trading Up 3.6%

Shares of WLY stock traded up $1.4190 on Friday, hitting $41.2690. The company had a trading volume of 235,760 shares, compared to its average volume of 392,685. The firm has a market cap of $2.20 billion, a P/E ratio of 26.97 and a beta of 0.96. The stock's 50-day moving average is $40.89 and its two-hundred day moving average is $41.64. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.51 and a current ratio of 0.54. John Wiley & Sons, Inc. has a twelve month low of $36.50 and a twelve month high of $53.96.

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

John Wiley & Sons announced that its Board of Directors has authorized a stock repurchase plan on Thursday, June 26th that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

John Wiley & Sons Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Tuesday, July 8th were paid a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a dividend yield of 3.4%. John Wiley & Sons's payout ratio is currently 92.81%.

Analyst Ratings Changes

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

John Wiley & Sons 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.