New York State Teachers Retirement System Trims Stock Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

New York State Teachers Retirement System lowered its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 2.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,602 shares of the company’s stock after selling 1,500 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of John Wiley & Sons worth $2,876,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its holdings in shares of John Wiley & Sons by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,924,498 shares of the company’s stock worth $78,326,000 after acquiring an additional 90,693 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in John Wiley & Sons by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 1,302,764 shares of the company’s stock worth $53,022,000 after purchasing an additional 24,215 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of John Wiley & Sons by 21.6% during the first quarter. William Blair Investment Management LLC now owns 1,060,573 shares of the company’s stock worth $40,440,000 after buying an additional 188,211 shares during the period. Burgundy Asset Management Ltd. grew its stake in shares of John Wiley & Sons by 1.6% in the second quarter. Burgundy Asset Management Ltd. now owns 987,612 shares of the company’s stock valued at $40,196,000 after buying an additional 15,372 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of John Wiley & Sons by 19.5% in the 2nd quarter. Raymond James & Associates now owns 501,891 shares of the company’s stock valued at $20,427,000 after buying an additional 81,968 shares during the period. Hedge funds and other 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 business’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the completion of the transaction, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at approximately $443,602.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by company insiders.

John Wiley & Sons Stock Performance

Shares of John Wiley & Sons stock opened at $52.07 on Friday. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of -26.04 and a beta of 0.85. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53. The business has a 50-day moving average of $48.28 and a 200 day moving average of $44.01. John Wiley & Sons, Inc. has a 12 month low of $29.04 and a 12 month high of $52.97.

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

John Wiley & Sons Cuts Dividend

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

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.