Summit Global Investments Purchases Shares of 44,484 John Wiley & Sons, Inc. (NYSE:WLY)

Summit Global Investments acquired a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 44,484 shares of the company's stock, valued at approximately $1,412,000. Summit Global Investments owned approximately 0.08% of John Wiley & Sons at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. acquired a new position in shares of John Wiley & Sons during the 4th quarter worth $29,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of John Wiley & Sons in the fourth quarter valued at approximately $48,000. Adirondack Trust Co. purchased a new position in shares of John Wiley & Sons during the 3rd quarter worth approximately $63,000. Acadian Asset Management LLC purchased a new position in shares of John Wiley & Sons during the 3rd quarter worth approximately $89,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of John Wiley & Sons by 5,897.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company's stock worth $88,000 after purchasing an additional 2,713 shares during the last quarter. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Price Performance

NYSE:WLY traded down $0.51 during trading hours on Friday, reaching $37.81. 262,018 shares of the company traded hands, compared to its average volume of 260,773. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.54 and a quick ratio of 0.50. The firm's 50-day moving average is $36.99 and its 200-day moving average is $33.68. The stock has a market cap of $2.07 billion, a P/E ratio of -13.13 and a beta of 0.89. John Wiley & Sons, Inc. has a 1-year low of $28.83 and a 1-year high of $40.23.

John Wiley & Sons (NYSE:WLY - Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.14. The business had revenue of $460.70 million for the quarter, compared to the consensus estimate of $392.60 million. John Wiley & Sons had a positive return on equity of 18.83% and a negative net margin of 8.14%. The business's revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 earnings per share. Equities research analysts expect that John Wiley & Sons, Inc. will post 2.55 earnings per share for the current fiscal year.

John Wiley & Sons Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Monday, April 8th. John Wiley & Sons's dividend payout ratio is presently -48.61%.

Insider Activity at John Wiley & Sons

In other John Wiley & Sons news, EVP Jay Flynn sold 6,114 shares of John Wiley & Sons stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total value of $237,345.48. Following the completion of the sale, the executive vice president now directly owns 8,069 shares of the company's stock, valued at approximately $313,238.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.79% of the company's stock.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.