Cardinal Capital Management Increases Stake in John Wiley & Sons, Inc. (NYSE:WLY)

Cardinal Capital Management boosted its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 3.7% during the second quarter, Holdings Channel.com reports. The firm owned 29,628 shares of the company’s stock after buying an additional 1,068 shares during the period. Cardinal Capital Management’s holdings in John Wiley & Sons were worth $1,206,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Daiwa Securities Group Inc. purchased a new position in shares of John Wiley & Sons during the fourth quarter valued at approximately $29,000. GAMMA Investing LLC increased its stake in shares of John Wiley & Sons by 96.9% during the first 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. DekaBank Deutsche Girozentrale purchased a new position in shares of John Wiley & Sons during the fourth quarter valued at approximately $48,000. Adirondack Trust Co. increased its stake in shares of John Wiley & Sons by 23.5% during the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock valued at $70,000 after buying an additional 400 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of John Wiley & Sons by 5,897.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,759 shares of the company’s stock valued at $88,000 after buying an additional 2,713 shares during the period. 73.94% of the stock is owned by hedge funds and other institutional investors.

John Wiley & Sons Trading Up 0.5 %

Shares of WLY traded up $0.22 during mid-day trading on Friday, hitting $45.25. 197,306 shares of the company’s stock traded hands, compared to its average volume of 349,980. The company has a quick ratio of 0.49, a current ratio of 0.52 and a debt-to-equity ratio of 1.04. John Wiley & Sons, Inc. has a 1 year low of $28.83 and a 1 year high of $49.20. The firm has a market capitalization of $2.46 billion, a P/E ratio of -12.43 and a beta of 0.86. The business’s 50-day moving average price is $42.76 and its 200-day moving average price is $38.61.

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

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were given a dividend of $0.3525 per share. The ex-dividend date of this dividend was Tuesday, July 9th. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a dividend yield of 3.12%. John Wiley & Sons’s payout ratio is currently -38.74%.

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.