John Wiley & Sons (NYSE:WLY) Reaches New 52-Week High – What’s Next?

John Wiley & Sons, Inc. (NYSE:WLY)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $53.96 and last traded at $53.76, with a volume of 72690 shares trading hands. The stock had previously closed at $52.16.

John Wiley & Sons Price Performance

The company has a 50 day moving average of $49.64 and a 200 day moving average of $45.13. 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 stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of -26.08 and a beta of 0.85.

John Wiley & Sons (NYSE:WLY) last released its earnings results on Thursday, September 5th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.08). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The firm had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $387.40 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were given a dividend of $0.352 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.41 annualized dividend and a dividend yield of 2.65%. John Wiley & Sons’s dividend payout ratio (DPR) is currently -70.50%.

Insider Activity at John Wiley & Sons

In related news, EVP Danielle Mcmahan sold 2,318 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the completion of the sale, the executive vice president now owns 8,978 shares in the company, valued at $443,602.98. The trade was a 20.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

Institutional Trading of John Wiley & Sons

Several institutional investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System boosted its stake in John Wiley & Sons by 5.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,826 shares of the company’s stock valued at $497,000 after acquiring an additional 640 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in John Wiley & Sons by 7.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 48,851 shares of the company’s stock worth $1,863,000 after buying an additional 3,354 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in John Wiley & Sons by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,945 shares of the company’s stock worth $1,028,000 after buying an additional 1,412 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in John Wiley & Sons in the first quarter valued at approximately $212,000. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of John Wiley & Sons by 22.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 153,201 shares of the company’s stock valued at $5,842,000 after acquiring an additional 28,054 shares during the period. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Company 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.