Sycomore Asset Management Has $2.94 Million Holdings in John Wiley & Sons, Inc. (NYSE:WLY)

Sycomore Asset Management lowered its position in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 11.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,076 shares of the company’s stock after selling 11,643 shares during the quarter. Sycomore Asset Management’s holdings in John Wiley & Sons were worth $2,941,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Verdence Capital Advisors LLC raised its holdings in shares of John Wiley & Sons by 4.8% during the third quarter. Verdence Capital Advisors LLC now owns 7,239 shares of the company’s stock valued at $269,000 after acquiring an additional 332 shares during the period. Eagle Asset Management Inc. raised its holdings in shares of John Wiley & Sons by 0.6% during the third quarter. Eagle Asset Management Inc. now owns 154,989 shares of the company’s stock valued at $5,761,000 after acquiring an additional 878 shares during the period. Swiss National Bank raised its holdings in shares of John Wiley & Sons by 0.9% during the third quarter. Swiss National Bank now owns 96,600 shares of the company’s stock valued at $3,591,000 after acquiring an additional 900 shares during the period. Daiwa Securities Group Inc. acquired a new stake in shares of John Wiley & Sons during the fourth quarter valued at approximately $29,000. Finally, Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of John Wiley & Sons by 7.7% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,482 shares of the company’s stock valued at $575,000 after acquiring an additional 1,110 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Down 0.9 %

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

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

John Wiley & Sons Announces Dividend

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

Insiders Place Their Bets

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

About John Wiley & Sons

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.