NorthRock Partners LLC Raises Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

NorthRock Partners LLC boosted its position in John Wiley & Sons, Inc. (NYSE:WLY) by 21.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,389 shares of the company’s stock after purchasing an additional 5,503 shares during the quarter. NorthRock Partners LLC owned about 0.06% of John Wiley & Sons worth $1,515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of John Wiley & Sons by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,924,498 shares of the company’s stock valued at $78,326,000 after acquiring an additional 90,693 shares during the last quarter. Bank of New York Mellon Corp lifted its position in John Wiley & Sons by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 1,302,764 shares of the company’s stock valued at $53,022,000 after purchasing an additional 24,215 shares during the last quarter. William Blair Investment Management LLC grew its stake in John Wiley & Sons by 21.6% in the 1st quarter. William Blair Investment Management LLC now owns 1,060,573 shares of the company’s stock worth $40,440,000 after buying an additional 188,211 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of John Wiley & Sons by 1.6% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 987,612 shares of the company’s stock worth $40,196,000 after buying an additional 15,372 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of John Wiley & Sons by 19.5% during the 2nd quarter. Raymond James & Associates now owns 501,891 shares of the company’s stock valued at $20,427,000 after buying an additional 81,968 shares in the last quarter. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Stock Up 0.2 %

NYSE:WLY traded up $0.12 during midday trading on Tuesday, hitting $49.44. The company had a trading volume of 32,322 shares, compared to its average volume of 340,179. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.27. John Wiley & Sons, Inc. has a 52-week low of $29.04 and a 52-week high of $51.79. The stock’s fifty day moving average price is $48.04 and its 200-day moving average price is $43.81.

John Wiley & Sons (NYSE:WLY) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.08). The firm had revenue of $403.81 million during the quarter, compared to analysts’ expectations of $387.40 million. John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. John Wiley & Sons’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 earnings per share.

John Wiley & Sons Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were issued a $0.352 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.85%. John Wiley & Sons’s payout ratio is -70.50%.

Insider Activity

In related news, EVP Danielle Mcmahan sold 2,318 shares of John Wiley & Sons stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the transaction, the executive vice president now owns 8,978 shares in the company, valued at $443,602.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is owned by corporate insiders.

John Wiley & Sons Company 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.