John Wiley & Sons, Inc. (NYSE:WLY) Holdings Decreased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its position in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 24.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,704 shares of the company's stock after selling 5,933 shares during the quarter. Illinois Municipal Retirement Fund's holdings in John Wiley & Sons were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its position in shares of John Wiley & Sons by 3.6% in the fourth quarter. Hsbc Holdings PLC now owns 7,349 shares of the company's stock valued at $322,000 after acquiring an additional 257 shares in the last quarter. Corebridge Financial Inc. grew its stake in shares of John Wiley & Sons by 1.9% in the fourth quarter. Corebridge Financial Inc. now owns 21,294 shares of the company's stock valued at $931,000 after buying an additional 394 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of John Wiley & Sons by 35.8% in the first quarter. GAMMA Investing LLC now owns 1,564 shares of the company's stock valued at $70,000 after buying an additional 412 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of John Wiley & Sons by 37.8% in the first quarter. Harbor Capital Advisors Inc. now owns 1,827 shares of the company's stock valued at $81,000 after buying an additional 501 shares in the last quarter. Finally, Sterling Capital Management LLC grew its stake in John Wiley & Sons by 686.1% during the 4th quarter. Sterling Capital Management LLC now owns 621 shares of the company's stock valued at $27,000 after purchasing an additional 542 shares in the last quarter. Institutional investors and hedge funds own 73.94% of the company's stock.

John Wiley & Sons Stock Performance

NYSE:WLY traded down $0.11 during midday trading on Friday, reaching $43.29. 248,605 shares of the company traded hands, compared to its average volume of 401,429. John Wiley & Sons, Inc. has a twelve month low of $36.50 and a twelve month high of $53.96. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 28.29 and a beta of 0.91. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.54 and a quick ratio of 0.51. The company has a fifty day moving average price of $42.00 and a 200 day moving average price of $42.37.

John Wiley & Sons (NYSE:WLY - Get Free Report) last posted its quarterly earnings data on Tuesday, June 17th. The company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.10. The company had revenue of $442.58 million for the quarter, compared to the consensus estimate of $435.00 million. John Wiley & Sons had a return on equity of 27.42% and a net margin of 5.02%. The company's quarterly revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.21 EPS. On average, analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Tuesday, July 8th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.28%. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, July 8th. John Wiley & Sons's payout ratio is presently 92.16%.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded John Wiley & Sons from a "buy" rating to a "strong-buy" rating in a research 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.