Victory Capital Management Inc. Increases Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Victory Capital Management Inc. lifted its position in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 113.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,762 shares of the company’s stock after buying an additional 19,017 shares during the period. Victory Capital Management Inc.’s holdings in John Wiley & Sons were worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its stake in shares of John Wiley & Sons by 5.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,826 shares of the company’s stock valued at $497,000 after acquiring an additional 640 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in shares of John Wiley & Sons by 7.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 48,851 shares of the company’s stock valued at $1,863,000 after acquiring an additional 3,354 shares during the period. Price T Rowe Associates Inc. MD grew its position in John Wiley & Sons by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,945 shares of the company’s stock worth $1,028,000 after purchasing an additional 1,412 shares during the last quarter. Bayesian Capital Management LP purchased a new position in John Wiley & Sons in the 1st quarter valued at $212,000. Finally, Jacobs Levy Equity Management Inc. lifted its position in John Wiley & Sons by 22.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 153,201 shares of the company’s stock valued at $5,842,000 after purchasing an additional 28,054 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

Insider Buying and Selling at John Wiley & Sons

In other news, EVP Danielle Mcmahan sold 2,318 shares of the firm’s 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 $443,602.98. This trade represents a 20.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.62% of the company’s stock.

John Wiley & Sons Price Performance

John Wiley & Sons stock opened at $52.16 on Monday. The company has a market cap of $2.83 billion, a P/E ratio of -26.08 and a beta of 0.85. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57. The business has a fifty day moving average of $49.64 and a two-hundred day moving average of $45.09. John Wiley & Sons, Inc. has a one year low of $29.04 and a one year high of $53.79.

John Wiley & Sons (NYSE:WLY) last posted its earnings results 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 firm had revenue of $403.81 million during the quarter, compared to analyst estimates of $387.40 million. John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The firm’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the company posted $0.27 EPS.

John Wiley & Sons Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a dividend of $0.352 per share. This represents a $1.41 dividend on an annualized basis and a 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%.

About John Wiley & Sons

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.