John Wiley & Sons, Inc. (NYSE:WLY) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its position in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 50.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,208 shares of the company's stock after selling 43,713 shares during the period. Edgestream Partners L.P. owned approximately 0.08% of John Wiley & Sons worth $1,925,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WLY. Sterling Capital Management LLC lifted its stake in shares of John Wiley & Sons by 686.1% in the fourth quarter. Sterling Capital Management LLC now owns 621 shares of the company's stock valued at $27,000 after buying an additional 542 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of John Wiley & Sons during the fourth quarter worth approximately $34,000. State of Wyoming bought a new stake in shares of John Wiley & Sons during the fourth quarter valued at approximately $46,000. GAMMA Investing LLC grew its stake in shares of John Wiley & Sons by 35.8% during the first quarter. GAMMA Investing LLC now owns 1,564 shares of the company's stock valued at $70,000 after purchasing an additional 412 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its stake in 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 acquiring an additional 501 shares during the last quarter. Institutional investors own 73.94% of the company's stock.

Wall Street Analyst Weigh In

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

John Wiley & Sons Stock Performance

NYSE WLY opened at $39.90 on Friday. The firm has a 50-day moving average price of $41.58 and a two-hundred day moving average price of $42.22. John Wiley & Sons, Inc. has a 12-month low of $36.50 and a 12-month high of $53.96. 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 market capitalization of $2.13 billion, a P/E ratio of 26.08 and a beta of 0.91.

John Wiley & Sons (NYSE:WLY - Get Free Report) last issued its earnings results on Tuesday, June 17th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.10. The business had revenue of $442.58 million for the quarter, compared to analyst estimates of $435.00 million. John Wiley & Sons had a net margin of 5.02% and a return on equity of 27.42%. John Wiley & Sons's revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 earnings per share. 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 share buyback plan on Thursday, June 26th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

John Wiley & Sons Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Tuesday, July 8th. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's payout ratio is currently 92.81%.

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.

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