John Wiley & Sons, Inc. (NYSE:WLY) Shares Sold by Sycomore Asset Management

Sycomore Asset Management trimmed its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,076 shares of the company’s stock after selling 11,643 shares during the period. Sycomore Asset Management owned approximately 0.17% of John Wiley & Sons worth $2,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Verdence Capital Advisors LLC lifted its stake in shares of John Wiley & Sons by 4.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,239 shares of the company’s stock valued at $269,000 after purchasing an additional 332 shares during the period. Eagle Asset Management Inc. lifted its stake in shares of John Wiley & Sons by 0.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 154,989 shares of the company’s stock valued at $5,761,000 after purchasing an additional 878 shares during the period. Swiss National Bank lifted its stake in shares of John Wiley & Sons by 0.9% in the 3rd quarter. Swiss National Bank now owns 96,600 shares of the company’s stock valued at $3,591,000 after purchasing an additional 900 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of John Wiley & Sons in the 4th quarter valued at $29,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of John Wiley & Sons by 7.7% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,482 shares of the company’s stock valued at $575,000 after purchasing an additional 1,110 shares during the period. 73.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Jay Flynn sold 6,114 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $38.82, for a total transaction of $237,345.48. Following the transaction, the executive vice president now owns 8,069 shares of the company’s stock, valued at approximately $313,238.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.79% of the company’s stock.

John Wiley & Sons Price Performance

NYSE WLY traded down $0.36 on Wednesday, hitting $38.34. The company had a trading volume of 178,082 shares, compared to its average volume of 391,735. The company has a market capitalization of $2.10 billion, a PE ratio of -13.31 and a beta of 0.91. The company’s fifty day moving average price is $36.35 and its 200-day moving average price is $33.31. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.54 and a quick ratio of 0.50. John Wiley & Sons, Inc. has a 12-month low of $28.83 and a 12-month high of $40.23.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Thursday, March 7th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.45 by $0.14. John Wiley & Sons had a negative net margin of 8.14% and a positive return on equity of 18.83%. The company had revenue of $460.70 million during the quarter, compared to analyst estimates of $392.60 million. During the same quarter in the previous year, the firm earned $0.85 EPS. The firm’s revenue was down 6.2% compared to the same quarter last year. As a group, analysts predict that John Wiley & Sons, Inc. will post 2.55 earnings per share for the current year.

John Wiley & Sons Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, April 8th. This represents a $1.40 annualized dividend and a dividend yield of 3.65%. John Wiley & Sons’s payout ratio is -48.61%.

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.