Cerity Partners LLC Makes New Investment in John Wiley & Sons, Inc. (NYSE:WLY)

Cerity Partners LLC bought a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,935 shares of the company’s stock, valued at approximately $284,000.

A number of other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of John Wiley & Sons during the fourth quarter valued at about $48,000. Adirondack Trust Co. acquired a new stake in shares of John Wiley & Sons during the third quarter valued at about $63,000. Allspring Global Investments Holdings LLC increased its position in shares of John Wiley & Sons by 5,897.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company’s stock valued at $88,000 after acquiring an additional 2,713 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of John Wiley & Sons during the third quarter valued at about $89,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of John Wiley & Sons during the fourth quarter valued at about $100,000. 73.94% of the stock is owned by hedge funds and other institutional investors.

John Wiley & Sons Price Performance

Shares of WLY opened at $38.35 on Monday. John Wiley & Sons, Inc. has a 1-year low of $28.83 and a 1-year high of $40.23. The stock has a market cap of $2.10 billion, a PE ratio of -13.32 and a beta of 0.91. The firm has a 50-day simple moving average of $36.53 and a two-hundred day simple moving average of $33.41. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.54 and a quick ratio of 0.50.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.14. The business had revenue of $460.70 million during the quarter, compared to analysts’ expectations of $392.60 million. John Wiley & Sons had a negative net margin of 8.14% and a positive return on equity of 18.83%. The business’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. As a group, analysts forecast that John Wiley & Sons, Inc. will post 2.55 EPS for the current year.

John Wiley & Sons Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Tuesday, April 9th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, April 8th. John Wiley & Sons’s dividend payout ratio (DPR) is currently -48.61%.

Insider Activity at John Wiley & Sons

In related 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 transaction, the executive vice president now owns 8,069 shares in the company, valued at $313,238.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.

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.