New York State Common Retirement Fund Has $13.02 Million Stake in John Wiley & Sons, Inc. (NYSE:WLY)

New York State Common Retirement Fund lifted its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 297,820 shares of the company’s stock after purchasing an additional 20,644 shares during the quarter. New York State Common Retirement Fund owned 0.55% of John Wiley & Sons worth $13,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. increased its stake in John Wiley & Sons by 114.6% in the 4th quarter. Blue Trust Inc. now owns 749 shares of the company’s stock valued at $36,000 after buying an additional 400 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of John Wiley & Sons in the third quarter worth $57,000. Nisa Investment Advisors LLC raised its holdings in shares of John Wiley & Sons by 2,578.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,428 shares of the company’s stock worth $151,000 after acquiring an additional 3,300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in John Wiley & Sons during the third quarter valued at $161,000. Finally, Berry Wealth Group LP grew its stake in John Wiley & Sons by 5.4% in the fourth quarter. Berry Wealth Group LP now owns 4,991 shares of the company’s stock valued at $218,000 after purchasing an additional 255 shares in the last quarter. 73.94% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Stock Performance

Shares of WLY stock opened at $39.46 on Monday. John Wiley & Sons, Inc. has a fifty-two week low of $32.80 and a fifty-two week high of $53.96. The stock’s 50-day moving average is $42.50 and its two-hundred day moving average is $46.33. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a market cap of $2.13 billion, a P/E ratio of -43.36 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The firm had revenue of $426.60 million for the quarter, compared to the consensus estimate of $420.00 million. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. Analysts predict that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, December 26th were paid a $0.3525 dividend. This represents a $1.41 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Thursday, December 26th. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s payout ratio is presently -154.95%.

About John Wiley & Sons

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.