John Wiley & Sons (NYSE:WLY) Trading 2.9% Higher

John Wiley & Sons, Inc. (NYSE:WLYGet Rating) was up 2.9% during mid-day trading on Tuesday . The stock traded as high as $47.61 and last traded at $47.51. Approximately 208,840 shares traded hands during mid-day trading, a decline of 7% from the average daily volume of 225,686 shares. The stock had previously closed at $46.18.

Analyst Ratings Changes

A number of analysts have commented on the company. CJS Securities raised John Wiley & Sons from a “market perform” rating to an “outperform” rating in a research report on Thursday, September 8th. TheStreet downgraded John Wiley & Sons from a “b” rating to a “c” rating in a report on Wednesday, September 7th.

John Wiley & Sons Stock Up 2.9 %

The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $41.29 and a two-hundred day moving average of $46.68. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 23.06 and a beta of 0.93.

John Wiley & Sons (NYSE:WLYGet Rating) last announced its quarterly earnings data on Wednesday, September 7th. The company reported $0.36 earnings per share (EPS) for the quarter. John Wiley & Sons had a net margin of 5.60% and a return on equity of 18.61%. The company had revenue of $487.57 million during the quarter. As a group, equities analysts anticipate that John Wiley & Sons, Inc. will post 3.88 EPS for the current fiscal year.

John Wiley & Sons Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Tuesday, October 11th were given a $0.3475 dividend. This represents a $1.39 annualized dividend and a yield of 2.93%. The ex-dividend date was Friday, October 7th. John Wiley & Sons’s dividend payout ratio is currently 67.48%.

Insider Transactions at John Wiley & Sons

In related news, EVP Jay Flynn sold 1,954 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $43.65, for a total value of $85,292.10. Following the completion of the transaction, the executive vice president now directly owns 1,955 shares of the company’s stock, valued at $85,335.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On John Wiley & Sons

Large investors have recently modified their holdings of the stock. Wipfli Financial Advisors LLC purchased a new position in shares of John Wiley & Sons in the 3rd quarter valued at about $25,000. First Horizon Advisors Inc. acquired a new position in shares of John Wiley & Sons during the 3rd quarter worth approximately $26,000. Ronald Blue Trust Inc. purchased a new stake in shares of John Wiley & Sons in the third quarter valued at $36,000. Global Retirement Partners LLC acquired a new position in shares of John Wiley & Sons in the third quarter valued at approximately $34,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in John Wiley & Sons in the third quarter valued at $30,000. Hedge funds and other institutional investors own 73.09% of the company’s stock.

About John Wiley & Sons

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John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research Publishing & Platforms, Academic & Professional Learning, and Education Services. The Research Publishing & Platforms segment 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.

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