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

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

Other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in shares of John Wiley & Sons by 3.6% during the 4th quarter. Hsbc Holdings PLC now owns 7,349 shares of the company's stock valued at $322,000 after buying an additional 257 shares during the last quarter. Corebridge Financial Inc. grew its position in shares of John Wiley & Sons by 1.9% during the 4th quarter. Corebridge Financial Inc. now owns 21,294 shares of the company's stock worth $931,000 after buying an additional 394 shares during the period. GAMMA Investing LLC lifted its stake in 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. increased its holdings 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 purchasing an additional 501 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in John Wiley & Sons by 686.1% during the fourth quarter. Sterling Capital Management LLC now owns 621 shares of the company's stock worth $27,000 after purchasing an additional 542 shares during the period. Hedge funds and other institutional investors own 73.94% of the company's stock.

John Wiley & Sons Stock Up 0.1%

NYSE:WLY traded up $0.06 during trading hours on Monday, hitting $39.34. 353,244 shares of the stock traded hands, compared to its average volume of 406,777. The firm has a 50 day moving average price of $41.49 and a 200 day moving average price of $42.17. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.05. John Wiley & Sons, Inc. has a fifty-two week low of $36.50 and a fifty-two week high of $53.96. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 25.71 and a beta of 0.91.

John Wiley & Sons (NYSE:WLY - Get Free Report) last issued its quarterly earnings results on Tuesday, June 17th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.27 by $0.10. John Wiley & Sons had a net margin of 5.02% and a return on equity of 27.42%. The firm had revenue of $442.58 million for the quarter, compared to analysts' expectations of $435.00 million. During the same period in the previous year, the firm posted $1.21 EPS. The company's revenue for the quarter was down 5.5% on a year-over-year basis. Equities research 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 authorized a share repurchase plan on Thursday, June 26th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

John Wiley & Sons Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.355 per share. The ex-dividend date is Tuesday, July 8th. This represents a $1.42 annualized dividend and a yield of 3.61%. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's dividend payout ratio is currently 92.81%.

Analyst Ratings Changes

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

About John Wiley & Sons

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.