LSV Asset Management Grows Position in John Wiley & Sons, Inc. $WLY

LSV Asset Management raised its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 28.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,700 shares of the company’s stock after acquiring an additional 28,200 shares during the period. LSV Asset Management’s holdings in John Wiley & Sons were worth $3,911,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised 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 acquiring an additional 473 shares in the last quarter. Allworth Financial LP raised its holdings in shares of John Wiley & Sons by 1,595.7% in the 3rd quarter. Allworth Financial LP now owns 780 shares of the company’s stock valued at $32,000 after acquiring an additional 734 shares in the last quarter. GAMMA Investing LLC raised 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 acquiring an additional 479 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of John Wiley & Sons in the 1st quarter valued at about $65,000. Finally, Strs Ohio purchased a new stake in shares of John Wiley & Sons in the 1st quarter valued at about $111,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

Shares of John Wiley & Sons stock opened at $42.53 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $2.18 billion, a PE ratio of 14.82 and a beta of 0.80. The business’s 50-day moving average price is $39.69 and its 200-day moving average price is $34.88. John Wiley & Sons, Inc. has a 12 month low of $28.38 and a 12 month high of $45.64.

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

John Wiley & Sons Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, April 7th were given a dividend of $0.355 per share. The ex-dividend date was Tuesday, April 7th. This represents a $1.42 annualized dividend and a dividend yield of 3.3%. John Wiley & Sons’s dividend payout ratio is 49.48%.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, John Wiley & Sons currently has an average rating of “Hold”.

John Wiley & Sons Company 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.