Eagle Asset Management Inc. Has $21.27 Million Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Eagle Asset Management Inc. grew its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 40.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 407,997 shares of the company’s stock after purchasing an additional 116,772 shares during the period. Eagle Asset Management Inc. owned about 0.75% of John Wiley & Sons worth $21,273,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in John Wiley & Sons by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,924,498 shares of the company’s stock worth $78,326,000 after buying an additional 90,693 shares in the last quarter. Raymond James & Associates increased its position in shares of John Wiley & Sons by 19.5% during the second quarter. Raymond James & Associates now owns 501,891 shares of the company’s stock valued at $20,427,000 after purchasing an additional 81,968 shares during the period. Arjuna Capital raised its stake in shares of John Wiley & Sons by 213.3% in the second quarter. Arjuna Capital now owns 54,378 shares of the company’s stock valued at $2,213,000 after purchasing an additional 37,019 shares in the last quarter. Sei Investments Co. bought a new position in John Wiley & Sons in the second quarter worth $1,429,000. Finally, Acadian Asset Management LLC acquired a new stake in John Wiley & Sons during the second quarter worth $1,418,000. Institutional investors own 73.94% of the company’s stock.

Insider Activity at John Wiley & Sons

In other news, EVP Danielle Mcmahan sold 2,318 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the sale, the executive vice president now owns 8,978 shares in the company, valued at approximately $443,602.98. This represents a 20.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is currently owned by insiders.

John Wiley & Sons Stock Performance

Shares of WLY stock opened at $52.16 on Friday. The firm has a fifty day moving average of $49.54 and a 200-day moving average of $44.95. John Wiley & Sons, Inc. has a 52-week low of $29.04 and a 52-week high of $53.79. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.08). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business had revenue of $403.81 million for the quarter, compared to the consensus estimate of $387.40 million. During the same quarter in the prior year, the business earned $0.27 EPS. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were issued a $0.352 dividend. This represents a $1.41 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons’s payout ratio is -70.50%.

John Wiley & Sons 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.