Contravisory Investment Management Inc. Invests $236,000 in John Wiley & Sons, Inc. (NYSE:WLY)

Contravisory Investment Management Inc. purchased a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,890 shares of the company’s stock, valued at approximately $236,000.

A number of other large investors also recently bought and sold shares of WLY. GAMMA Investing LLC boosted its stake in shares of John Wiley & Sons by 96.9% during the 1st quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock worth $29,000 after acquiring an additional 371 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in John Wiley & Sons during the second quarter worth approximately $60,000. Adirondack Trust Co. grew its holdings in John Wiley & Sons by 23.5% in the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock valued at $70,000 after purchasing an additional 400 shares during the period. Point72 DIFC Ltd acquired a new stake in John Wiley & Sons in the second quarter valued at approximately $100,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of John Wiley & Sons in the second quarter valued at approximately $121,000. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Trading Up 0.9 %

Shares of NYSE:WLY opened at $49.67 on Friday. The business’s 50 day moving average price is $46.62 and its 200-day moving average price is $42.40. John Wiley & Sons, Inc. has a 1 year low of $28.83 and a 1 year high of $50.52. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27.

John Wiley & Sons (NYSE:WLY) last posted 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 company had revenue of $403.81 million for the quarter, compared to analyst estimates of $387.40 million. John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business’s revenue was down 10.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. Research analysts anticipate that John Wiley & Sons, Inc. will post 3.42 earnings per share for the current year.

John Wiley & Sons Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.352 per share. The ex-dividend date is Tuesday, October 8th. This represents a $1.41 annualized dividend and a yield of 2.83%. John Wiley & Sons’s dividend payout ratio (DPR) is currently -70.50%.

Insider Buying and Selling at John Wiley & Sons

In other news, EVP Danielle Mcmahan sold 2,318 shares of John Wiley & Sons stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total value of $114,532.38. Following the sale, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at $443,602.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.62% of the company’s stock.

John Wiley & Sons 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.