Weiss Asset Management LP Sells 38,035 Shares of John Wiley & Sons, Inc. $WLY

Weiss Asset Management LP trimmed its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 59.6% in the 1st quarter, HoldingsChannel reports. The fund owned 25,823 shares of the company’s stock after selling 38,035 shares during the quarter. Weiss Asset Management LP’s holdings in John Wiley & Sons were worth $984,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Lido Advisors LLC grew its stake in John Wiley & Sons by 5.7% in the third quarter. Lido Advisors LLC now owns 5,513 shares of the company’s stock valued at $223,000 after purchasing an additional 298 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of John Wiley & Sons by 3.3% during the fourth quarter. NewEdge Advisors LLC now owns 11,321 shares of the company’s stock valued at $347,000 after buying an additional 361 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of John Wiley & Sons by 3.6% during the fourth quarter. Captrust Financial Advisors now owns 12,203 shares of the company’s stock valued at $374,000 after buying an additional 429 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of John Wiley & Sons by 519.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $25,000 after buying an additional 473 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of John Wiley & Sons by 39.8% in the 4th quarter. GAMMA Investing LLC now owns 1,684 shares of the company’s stock valued at $52,000 after buying an additional 479 shares in the last quarter. 73.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Zacks Research downgraded shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings raised shares of John Wiley & Sons from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, John Wiley & Sons has a consensus rating of “Moderate Buy”.

John Wiley & Sons Trading Up 3.0%

Shares of NYSE:WLY opened at $51.05 on Tuesday. The business’s 50-day moving average is $46.61 and its 200 day moving average is $39.18. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.54 and a quick ratio of 0.51. John Wiley & Sons, Inc. has a 1 year low of $28.38 and a 1 year high of $53.24. The firm has a market capitalization of $2.59 billion, a P/E ratio of 12.07 and a beta of 0.78.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Tuesday, June 16th. The company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.02. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.The business had revenue of $447.94 million during the quarter, compared to the consensus estimate of $450.00 million. During the same quarter last year, the company earned $1.37 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS. On average, research analysts predict that John Wiley & Sons, Inc. will post 4.8 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Tuesday, July 7th were given a $0.3575 dividend. This represents a $1.43 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, July 7th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s payout ratio is 33.81%.

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.