John Wiley & Sons, Inc. (NYSE:WLY) EVP Danielle Mcmahan Sells 2,318 Shares

John Wiley & Sons, Inc. (NYSE:WLY) EVP Danielle Mcmahan sold 2,318 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total transaction 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

John Wiley & Sons Stock Performance

WLY opened at $49.67 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57. The company’s 50-day simple moving average is $46.62 and its two-hundred day simple moving average is $42.40. John Wiley & Sons, Inc. has a 52-week low of $28.83 and a 52-week high of $50.52.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Thursday, September 5th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.08). John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The business had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $387.40 million. During the same period in the previous year, the company earned $0.27 EPS. John Wiley & Sons’s revenue for the quarter was down 10.5% compared to the same quarter last year. On average, research analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.352 per share. This represents a $1.41 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Tuesday, October 8th. John Wiley & Sons’s payout ratio is currently -70.50%.

Institutional Investors Weigh In On John Wiley & Sons

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its holdings in John Wiley & Sons by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 21,200 shares of the company’s stock worth $863,000 after acquiring an additional 300 shares in the last quarter. GAMMA Investing LLC increased its holdings in John Wiley & Sons by 39.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock worth $57,000 after acquiring an additional 334 shares in the last quarter. Mission Wealth Management LP increased its holdings in John Wiley & Sons by 3.1% in the 1st quarter. Mission Wealth Management LP now owns 11,629 shares of the company’s stock worth $443,000 after acquiring an additional 350 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in John Wiley & Sons by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,308 shares of the company’s stock worth $786,000 after acquiring an additional 380 shares in the last quarter. Finally, Adirondack Trust Co. increased its holdings in 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 acquiring an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

About John Wiley & Sons

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.