Westfield Capital Management Co. LP Acquires 3,481 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Westfield Capital Management Co. LP boosted its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 1.8% during the 3rd quarter, Holdings Channel reports. The firm owned 201,767 shares of the company’s stock after acquiring an additional 3,481 shares during the period. Westfield Capital Management Co. LP’s holdings in John Wiley & Sons were worth $9,735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in John Wiley & Sons by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,924,498 shares of the company’s stock worth $78,326,000 after buying an additional 90,693 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in John Wiley & Sons by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,302,764 shares of the company’s stock valued at $53,022,000 after purchasing an additional 24,215 shares during the period. Burgundy Asset Management Ltd. grew its position in John Wiley & Sons by 1.6% during the second quarter. Burgundy Asset Management Ltd. now owns 987,612 shares of the company’s stock worth $40,196,000 after buying an additional 15,372 shares in the last quarter. Raymond James & Associates increased its position in shares of John Wiley & Sons by 19.5% in the second quarter. Raymond James & Associates now owns 501,891 shares of the company’s stock worth $20,427,000 after purchasing an additional 81,968 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its position in shares of John Wiley & Sons by 40.1% during the 3rd quarter. Eagle Asset Management Inc. now owns 407,997 shares of the company’s stock valued at $21,273,000 after buying an additional 116,772 shares in the last quarter. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

WLY opened at $52.16 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53. The business’s fifty day simple moving average is $49.64 and its 200 day simple moving average is $45.09. John Wiley & Sons, Inc. has a 52 week low of $29.04 and a 52 week high of $53.79.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data 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). The firm had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $387.40 million. John Wiley & Sons had a negative net margin of 6.00% and a positive return on equity of 21.59%. The business’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share.

John Wiley & Sons Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Tuesday, October 8th were paid a $0.352 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.70%. John Wiley & Sons’s dividend payout ratio (DPR) is -70.50%.

Insider Activity at John Wiley & Sons

In other news, EVP Danielle Mcmahan sold 2,318 shares of the 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 of the company’s stock, valued at approximately $443,602.98. This represents a 20.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by insiders.

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.