John Wiley & Sons (NYSE:WLY) Hits New 1-Year High – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLY)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $51.70 and last traded at $51.0130, with a volume of 558606 shares trading hands. The stock had previously closed at $48.51.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings upgraded shares of John Wiley & Sons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

John Wiley & Sons Price Performance

The firm has a market capitalization of $2.62 billion, a P/E ratio of 12.06 and a beta of 0.78. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.79. The business’s 50-day simple moving average is $43.08 and its 200 day simple moving average is $36.68.

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

John Wiley & Sons Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Tuesday, July 7th will be paid a $0.3575 dividend. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.8%. John Wiley & Sons’s dividend payout ratio is presently 33.57%.

Institutional Trading of John Wiley & Sons

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC boosted its stake in shares of John Wiley & Sons by 472.3% during the first quarter. Empowered Funds LLC now owns 6,993 shares of the company’s stock valued at $266,000 after purchasing an additional 5,771 shares during the period. Optiver Holding B.V. purchased a new stake in John Wiley & Sons during the 1st quarter valued at $26,000. Access Investment Management LLC boosted its position in John Wiley & Sons by 135.0% during the 1st quarter. Access Investment Management LLC now owns 366,520 shares of the company’s stock valued at $13,964,000 after buying an additional 210,580 shares during the period. Amundi bought a new stake in John Wiley & Sons in the 1st quarter worth $216,000. Finally, California State Teachers Retirement System grew its holdings in John Wiley & Sons by 41.4% in the 1st quarter. California State Teachers Retirement System now owns 55,997 shares of the company’s stock worth $2,133,000 after acquiring an additional 16,409 shares during the last quarter. Institutional investors own 73.94% of the company’s stock.

About John Wiley & Sons

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.