John Wiley & Sons, Inc. (NYSE:WLY) Shares Purchased by Cardinal Capital Management

Cardinal Capital Management raised its stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 23.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,560 shares of the company’s stock after buying an additional 5,462 shares during the period. Cardinal Capital Management owned approximately 0.05% of John Wiley & Sons worth $1,089,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in John Wiley & Sons by 96.9% during the 1st quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock valued at $29,000 after buying an additional 371 shares during the period. Adirondack Trust Co. grew its stake in shares of John Wiley & Sons by 23.5% in the 4th quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock worth $70,000 after purchasing an additional 400 shares during the last quarter. Scalar Gauge Management LLC acquired a new stake in shares of John Wiley & Sons during the fourth quarter valued at approximately $2,361,000. Schroder Investment Management Group raised its holdings in shares of John Wiley & Sons by 27.5% during the fourth quarter. Schroder Investment Management Group now owns 1,402,002 shares of the company’s stock valued at $44,500,000 after acquiring an additional 302,491 shares during the period. Finally, Morningstar Investment Services LLC raised its holdings in shares of John Wiley & Sons by 85.5% during the fourth quarter. Morningstar Investment Services LLC now owns 12,736 shares of the company’s stock valued at $406,000 after acquiring an additional 5,872 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

WLY stock opened at $40.04 on Friday. John Wiley & Sons, Inc. has a 52-week low of $28.83 and a 52-week high of $43.72. The company’s 50 day simple moving average is $38.14 and its 200-day simple moving average is $35.75. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.49 and a current ratio of 0.52.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data on Thursday, June 13th. The company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.40. John Wiley & Sons had a negative net margin of 10.69% and a positive return on equity of 18.82%. The firm had revenue of $468.46 million for the quarter, compared to the consensus estimate of $438.70 million. During the same period in the previous year, the firm posted $1.45 earnings per share. The firm’s revenue was down 11.0% on a year-over-year basis. On average, equities research analysts anticipate that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Tuesday, July 9th will be given a $0.3525 dividend. This represents a $1.41 annualized dividend and a yield of 3.52%. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, July 9th. John Wiley & Sons’s payout ratio is currently -38.46%.

Insiders Place Their Bets

In other John Wiley & Sons news, EVP Jay Flynn sold 6,114 shares of the business’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total value of $237,345.48. Following the completion of the sale, the executive vice president now directly owns 8,069 shares of the company’s stock, valued at $313,238.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.

John Wiley & Sons Profile

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.