R Squared Ltd Takes Position in John Wiley & Sons, Inc. $WLY

R Squared Ltd acquired a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,422 shares of the company’s stock, valued at approximately $242,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. bought a new stake in shares of John Wiley & Sons during the first quarter valued at approximately $29,000. Trust Co. of Toledo NA OH bought a new stake in shares of John Wiley & Sons during the second quarter valued at approximately $31,000. Whittier Trust Co. bought a new stake in shares of John Wiley & Sons during the second quarter valued at approximately $33,000. State of Wyoming increased its position in shares of John Wiley & Sons by 23.6% during the first quarter. State of Wyoming now owns 1,298 shares of the company’s stock valued at $58,000 after purchasing an additional 248 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of John Wiley & Sons during the first quarter valued at approximately $65,000. 73.94% of the stock is currently owned by institutional investors.

John Wiley & Sons Stock Performance

Shares of NYSE:WLY opened at $37.18 on Friday. The business’s fifty day moving average price is $39.48 and its two-hundred day moving average price is $40.77. John Wiley & Sons, Inc. has a fifty-two week low of $35.94 and a fifty-two week high of $53.96. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 20.89 and a beta of 1.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.61.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings results on Tuesday, February 28th. The company reported $1.29 earnings per share for the quarter. The firm had revenue of $533.00 million for the quarter. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%. As a group, analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 7th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Tuesday, October 7th. John Wiley & Sons’s dividend payout ratio is presently 79.78%.

John Wiley & Sons announced that its Board of Directors has approved a stock repurchase program on Thursday, September 25th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 11.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WLY shares. Weiss Ratings reiterated a “hold (c)” rating on shares of John Wiley & Sons in a research report on Tuesday, October 14th. Wall Street Zen cut John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 6th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

John Wiley & Sons Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.