William Blair Investment Management LLC Sells 83,693 Shares of John Wiley & Sons, Inc. $WLY

William Blair Investment Management LLC cut its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 9.5% during the fourth quarter, HoldingsChannel reports. The firm owned 794,900 shares of the company’s stock after selling 83,693 shares during the period. William Blair Investment Management LLC’s holdings in John Wiley & Sons were worth $24,348,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Lido Advisors LLC grew its holdings in shares of John Wiley & Sons by 5.7% in the third quarter. Lido Advisors LLC now owns 5,513 shares of the company’s stock worth $223,000 after purchasing an additional 298 shares during the last quarter. Amalgamated Bank grew its holdings in shares of John Wiley & Sons by 3.5% in the third quarter. Amalgamated Bank now owns 12,008 shares of the company’s stock worth $486,000 after purchasing an additional 401 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of John Wiley & Sons by 2.2% in the third quarter. Intech Investment Management LLC now owns 19,628 shares of the company’s stock worth $794,000 after purchasing an additional 422 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of John Wiley & Sons by 519.8% in the second quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $25,000 after purchasing an additional 473 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of John Wiley & Sons by 39.8% in the fourth quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock worth $52,000 after purchasing an additional 479 shares during the last quarter. 73.94% of the stock is currently owned by institutional investors.

John Wiley & Sons Stock Up 0.0%

Shares of John Wiley & Sons stock opened at $42.35 on Tuesday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.59 and a quick ratio of 0.57. John Wiley & Sons, Inc. has a 1 year low of $28.38 and a 1 year high of $45.64. The firm’s 50-day moving average is $39.57 and its two-hundred day moving average is $34.85. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 14.76 and a beta of 0.80.

John Wiley & Sons (NYSE:WLY) last issued its earnings results on Friday, March 6th. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.11. John Wiley & Sons had a net margin of 9.24% and a return on equity of 28.38%. The company had revenue of $410.04 million for the quarter, compared to analysts’ expectations of $391.00 million. During the same period in the prior year, the business earned $0.84 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. As a group, research analysts expect that John Wiley & Sons, Inc. will post 4.2 earnings per share for the current fiscal year.

John Wiley & Sons Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, April 7th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, April 7th. John Wiley & Sons’s dividend payout ratio is presently 49.48%.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, John Wiley & Sons currently has a consensus rating of “Hold”.

John Wiley & Sons Profile

John Wiley & Sons, Inc is a global publishing and educational services company founded in 1807 and headquartered in Hoboken, New Jersey. The company operates through two primary segments: Research & Publishing and Education. Through these segments, Wiley produces a wide range of scholarly journals, books, reference works and digital products for academic, scientific, technical and medical markets, as well as professional development and higher education learning resources.

In its Research & Publishing segment, Wiley publishes thousands of peer-reviewed journals and maintains the Wiley Online Library, a leading platform for scientific and scholarly content.