Louisiana State Employees Retirement System Purchases Shares of 17,900 John Wiley & Sons, Inc. $WLY

Louisiana State Employees Retirement System purchased a new position in shares of John Wiley & Sons, Inc. (NYSE:WLY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 17,900 shares of the company’s stock, valued at approximately $682,000.

A number of other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in John Wiley & Sons by 519.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $25,000 after acquiring an additional 473 shares during the period. Allworth Financial LP boosted its position in shares of John Wiley & Sons by 1,595.7% during the 3rd quarter. Allworth Financial LP now owns 780 shares of the company’s stock valued at $32,000 after purchasing an additional 734 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in John Wiley & Sons by 264.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 827 shares of the company’s stock worth $25,000 after purchasing an additional 600 shares during the period. Empowered Funds LLC acquired a new stake in John Wiley & Sons during the fourth quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. increased its holdings in John Wiley & Sons by 2,378.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,388 shares of the company’s stock worth $43,000 after purchasing an additional 1,332 shares in the last quarter. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Stock Up 0.5%

WLY stock traded up $0.27 during mid-day trading on Tuesday, reaching $52.80. 17,464 shares of the company traded hands, compared to its average volume of 524,550. John Wiley & Sons, Inc. has a fifty-two week low of $28.38 and a fifty-two week high of $53.24. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average price is $43.72 and its 200 day moving average price is $37.14. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 12.49 and a beta of 0.78.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Tuesday, June 16th. The company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.02. The business had revenue of $447.94 million during the quarter, compared to analyst estimates of $450.00 million. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.John Wiley & Sons’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS. As a group, equities research analysts predict that John Wiley & Sons, Inc. will post 4.8 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 23rd. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.3575 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.43 annualized dividend and a dividend yield of 2.7%. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s payout ratio is 33.57%.

Analyst Ratings Changes

Several research firms have recently weighed in on WLY. Zacks Research lowered shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings raised shares of John Wiley & Sons from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and educational services company founded in 1807 and headquartered in Hoboken, New Jersey. The company operates through two primary segments: Research & Publishing and Education. Through these segments, Wiley produces a wide range of scholarly journals, books, reference works and digital products for academic, scientific, technical and medical markets, as well as professional development and higher education learning resources.

In its Research & Publishing segment, Wiley publishes thousands of peer-reviewed journals and maintains the Wiley Online Library, a leading platform for scientific and scholarly content.