Grandfield & Dodd LLC Sells 7,143 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Grandfield & Dodd LLC reduced its stake in John Wiley & Sons, Inc. (NYSE:WLY) by 23.6% during the third quarter, Holdings Channel.com reports. The firm owned 23,117 shares of the company’s stock after selling 7,143 shares during the quarter. Grandfield & Dodd LLC’s holdings in John Wiley & Sons were worth $1,115,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. UniSuper Management Pty Ltd purchased a new stake in John Wiley & Sons in the first quarter worth about $532,000. Tidal Investments LLC grew its stake in shares of John Wiley & Sons by 257.7% during the 1st quarter. Tidal Investments LLC now owns 24,296 shares of the company’s stock valued at $925,000 after acquiring an additional 17,504 shares during the period. Russell Investments Group Ltd. increased its holdings in John Wiley & Sons by 36.9% in the 1st quarter. Russell Investments Group Ltd. now owns 58,568 shares of the company’s stock worth $2,233,000 after acquiring an additional 15,779 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in John Wiley & Sons during the 2nd quarter worth approximately $1,240,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of John Wiley & Sons in the second quarter worth $1,418,000. 73.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at John Wiley & Sons

In other John Wiley & Sons news, EVP Danielle Mcmahan sold 2,318 shares of the stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total transaction of $114,532.38. Following the completion of the transaction, the executive vice president now owns 8,978 shares of the company’s stock, valued at $443,602.98. This represents a 20.52 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

John Wiley & Sons Trading Down 1.5 %

Shares of WLY stock opened at $49.89 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. The stock has a fifty day simple moving average of $49.15 and a two-hundred day simple moving average of $44.79. 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 released its earnings results on Thursday, September 5th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.08). John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $387.40 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was down 10.5% compared to the same quarter last year.

John Wiley & Sons Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Tuesday, October 8th were given a dividend of $0.352 per share. The ex-dividend date was Tuesday, October 8th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.82%. John Wiley & Sons’s dividend payout ratio is -70.50%.

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.