Verdence Capital Advisors LLC Has $524,000 Holdings in John Wiley & Sons, Inc. $WLY

Verdence Capital Advisors LLC grew its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,746 shares of the company’s stock after purchasing an additional 287 shares during the period. Verdence Capital Advisors LLC’s holdings in John Wiley & Sons were worth $524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Trust Co. of Toledo NA OH acquired a new position in shares of John Wiley & Sons during the 2nd quarter worth approximately $31,000. KLP Kapitalforvaltning AS grew its position in shares of John Wiley & Sons by 14.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,400 shares of the company’s stock worth $420,000 after purchasing an additional 1,200 shares in the last quarter. Consolidated Planning Corp grew its position in shares of John Wiley & Sons by 13.5% during the 2nd quarter. Consolidated Planning Corp now owns 76,096 shares of the company’s stock worth $3,396,000 after purchasing an additional 9,075 shares in the last quarter. Kendall Capital Management grew its position in shares of John Wiley & Sons by 10.7% during the 2nd quarter. Kendall Capital Management now owns 93,697 shares of the company’s stock worth $4,182,000 after purchasing an additional 9,080 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of John Wiley & Sons by 2.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 73,464 shares of the company’s stock worth $3,277,000 after purchasing an additional 1,612 shares in the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of John Wiley & Sons in a research report on Tuesday. Wall Street Zen lowered shares of John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

John Wiley & Sons Price Performance

WLY stock opened at $37.01 on Wednesday. The company has a fifty day moving average price of $39.77 and a 200-day moving average price of $41.07. The company has a market capitalization of $1.97 billion, a P/E ratio of 20.79 and a beta of 1.03. John Wiley & Sons, Inc. has a 52-week low of $35.94 and a 52-week high of $53.96. 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 (EPS) for the quarter. The firm had revenue of $533.00 million during the quarter. John Wiley & Sons had a net margin of 5.82% and a return on equity of 27.31%. As a group, equities analysts expect that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons declared that its Board of Directors has authorized a share repurchase program on Thursday, June 26th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

John Wiley & Sons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 7th will be paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $1.42 annualized dividend and a dividend yield of 3.8%. John Wiley & Sons’s dividend payout ratio (DPR) is presently 79.78%.

John Wiley & Sons Company 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.