Invesco Ltd. Has $9.06 Million Position in John Wiley & Sons, Inc. $WLY

Key Points

• Invesco Ltd. reduced its stake in John Wiley & Sons by 69.4%, selling 461,003 shares, leaving them with 203,387 shares worth $9,063,000 as of the latest SEC filing.
• John Wiley & Sons reported a quarterly earnings per share of $1.37, exceeding the consensus estimate by $0.10, despite a 5.5% revenue decline year-over-year.
• The company has initiated a $250 million share buyback plan, indicating management's belief that its stock is currently undervalued.

Invesco Ltd. lessened its position in John Wiley & Sons, Inc. (NYSE:WLY - Free Report) by 69.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,387 shares of the company's stock after selling 461,003 shares during the period. Invesco Ltd. owned about 0.38% of John Wiley & Sons worth $9,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aquatic Capital Management LLC bought a new stake in shares of John Wiley & Sons during the 4th quarter worth about $34,000. State of Wyoming bought a new stake in shares of John Wiley & Sons during the 4th quarter worth about $46,000. GAMMA Investing LLC boosted its holdings in shares of John Wiley & Sons by 35.8% during the 1st quarter. GAMMA Investing LLC now owns 1,564 shares of the company's stock worth $70,000 after buying an additional 412 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of John Wiley & Sons by 37.8% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,827 shares of the company's stock worth $81,000 after buying an additional 501 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of John Wiley & Sons during the 1st quarter worth about $208,000. Institutional investors own 73.94% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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 traded up $0.39 during trading on Friday, reaching $40.55. The company's stock had a trading volume of 253,104 shares, compared to its average volume of 305,135. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 26.50 and a beta of 0.96. John Wiley & Sons, Inc. has a 12 month low of $36.50 and a 12 month high of $53.96. The firm has a 50 day moving average price of $40.81 and a 200 day moving average price of $41.63.

John Wiley & Sons (NYSE:WLY - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $442.58 million during the quarter, compared to the consensus estimate of $435.00 million. John Wiley & Sons had a net margin of 5.02% and a return on equity of 27.42%. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.21 EPS. John Wiley & Sons has set its FY 2026 guidance at 3.900-4.350 EPS. As a group, equities analysts anticipate that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Tuesday, July 8th were given a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, July 8th. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's dividend payout ratio is presently 92.81%.

John Wiley & Sons declared that its Board of Directors has approved a stock repurchase plan on Thursday, June 26th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

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.