Victory Capital Management Inc. Sells 83,344 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Victory Capital Management Inc. decreased its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 83.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,745 shares of the company’s stock after selling 83,344 shares during the quarter. Victory Capital Management Inc.’s holdings in John Wiley & Sons were worth $682,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. UniSuper Management Pty Ltd bought a new stake in shares of John Wiley & Sons in the 1st quarter valued at about $532,000. Scalar Gauge Management LLC acquired a new stake in John Wiley & Sons during the 4th quarter valued at approximately $2,361,000. Tidal Investments LLC raised its holdings in John Wiley & Sons by 257.7% during the 1st quarter. Tidal Investments LLC now owns 24,296 shares of the company’s stock worth $925,000 after purchasing an additional 17,504 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of John Wiley & Sons in the 1st quarter worth approximately $482,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of John Wiley & Sons by 36.9% in the 1st quarter. Russell Investments Group Ltd. now owns 58,568 shares of the company’s stock valued at $2,233,000 after purchasing an additional 15,779 shares during the last quarter. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Trading Up 0.4 %

WLY opened at $46.57 on Friday. The stock has a market cap of $2.53 billion, a PE ratio of -12.79 and a beta of 0.86. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.27. John Wiley & Sons, Inc. has a twelve month low of $28.83 and a twelve month high of $49.20. The company has a fifty day moving average of $46.18 and a 200-day moving average of $41.21.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.08). The business had revenue of $403.81 million during the quarter, compared to the consensus estimate of $387.40 million. John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business’s revenue was down 10.5% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. On average, sell-side analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.03%. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, July 9th. John Wiley & Sons’s dividend payout ratio is presently -38.74%.

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.