Fox Run Management L.L.C. Invests $425,000 in John Wiley & Sons, Inc. $WLY

Fox Run Management L.L.C. purchased a new stake in John Wiley & Sons, Inc. (NYSE:WLY) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,525 shares of the company’s stock, valued at approximately $425,000.

Several other large investors have also recently bought and sold shares of WLY. Nuveen LLC acquired a new stake in John Wiley & Sons during the first quarter worth approximately $10,755,000. Public Sector Pension Investment Board grew its position in shares of John Wiley & Sons by 169.8% in the first quarter. Public Sector Pension Investment Board now owns 277,052 shares of the company’s stock valued at $12,345,000 after purchasing an additional 174,367 shares during the last quarter. Jane Street Group LLC increased its stake in shares of John Wiley & Sons by 14,320.0% during the first quarter. Jane Street Group LLC now owns 158,620 shares of the company’s stock worth $7,068,000 after purchasing an additional 157,520 shares during the period. Bastion Asset Management Inc. acquired a new stake in John Wiley & Sons during the 2nd quarter worth approximately $4,242,000. Finally, Access Investment Management LLC acquired a new stake in John Wiley & Sons during the 2nd quarter worth approximately $3,985,000. 73.94% of the stock is owned by institutional investors.

John Wiley & Sons Trading Up 0.1%

Shares of WLY stock opened at $37.14 on Thursday. The stock has a market cap of $1.98 billion, a P/E ratio of 20.87 and a beta of 1.03. John Wiley & Sons, Inc. has a 1 year low of $35.94 and a 1 year high of $53.96. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.12. The stock has a 50 day simple moving average of $38.66 and a 200 day simple moving average of $40.24.

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

John Wiley & Sons announced that its Board of Directors has initiated a share repurchase program on Thursday, September 25th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 11.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

John Wiley & Sons Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have commented on WLY. Wall Street Zen lowered John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of John Wiley & Sons in a research report on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently 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.