ProShare Advisors LLC Acquires 3,653 Shares of John Wiley & Sons, Inc. $WLY

ProShare Advisors LLC increased its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 2.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 166,285 shares of the company’s stock after buying an additional 3,653 shares during the period. ProShare Advisors LLC owned 0.31% of John Wiley & Sons worth $7,421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of John Wiley & Sons in the first quarter valued at $723,000. Teacher Retirement System of Texas boosted its stake in John Wiley & Sons by 29.7% in the 1st quarter. Teacher Retirement System of Texas now owns 11,112 shares of the company’s stock worth $495,000 after purchasing an additional 2,546 shares during the period. AdvisorShares Investments LLC purchased a new position in John Wiley & Sons during the 2nd quarter valued at about $466,000. Kendall Capital Management increased its position in shares of John Wiley & Sons by 10.7% during the second quarter. Kendall Capital Management now owns 93,697 shares of the company’s stock valued at $4,182,000 after buying an additional 9,080 shares during the period. Finally, Access Investment Management LLC purchased a new stake in shares of John Wiley & Sons in the second quarter worth about $3,985,000. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

NYSE WLY opened at $37.14 on Thursday. John Wiley & Sons, Inc. has a 52-week low of $35.94 and a 52-week high of $53.96. The company has a fifty day moving average of $38.66 and a 200-day moving average of $40.24. The company has a market capitalization of $1.98 billion, a P/E ratio of 20.87 and a beta of 1.03. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.61 and a current ratio of 0.65.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Tuesday, February 28th. The company reported $1.29 earnings per share for the quarter. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.The business had revenue of $533.00 million for the quarter. As a group, equities research analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons declared that its Board of Directors has approved a share repurchase plan on Thursday, September 25th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 11.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

John Wiley & Sons Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 7th were given a $0.355 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $1.42 dividend on an annualized basis and a yield of 3.8%. John Wiley & Sons’s payout ratio is presently 79.78%.

Wall Street Analyst Weigh In

Several brokerages recently commented on WLY. Wall Street Zen cut shares of John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of John Wiley & Sons in a research note on Tuesday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, John Wiley & Sons has a consensus rating of “Hold”.

John Wiley & Sons Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.