John Wiley & Sons (NYSE:WLY) Sets New 12-Month High – What’s Next?

John Wiley & Sons, Inc. (NYSE:WLY)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $53.96 and last traded at $53.76, with a volume of 72690 shares trading hands. The stock had previously closed at $52.16.

John Wiley & Sons Price Performance

The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53. The company has a 50 day moving average price of $49.90 and a 200 day moving average price of $45.34. The firm has a market cap of $2.85 billion, a PE ratio of -26.56 and a beta of 0.85.

John Wiley & Sons (NYSE:WLY) last released its earnings results on Thursday, September 5th. The company reported $0.47 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 firm had revenue of $403.81 million during the quarter, compared to analyst estimates of $387.40 million. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue was down 10.5% on a year-over-year basis.

John Wiley & Sons Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a dividend of $0.352 per share. This represents a $1.41 annualized dividend and a yield of 2.69%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons’s payout ratio is -70.50%.

Insider Activity

In other news, EVP Danielle Mcmahan sold 2,318 shares of the company’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total transaction of $114,532.38. Following the transaction, the executive vice president now directly 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 SEC, which is available through this hyperlink. Insiders own 0.62% of the company’s stock.

Institutional Trading of John Wiley & Sons

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in John Wiley & Sons by 39.2% during the third quarter. GAMMA Investing LLC now owns 1,187 shares of the company’s stock worth $57,000 after purchasing an additional 334 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of John Wiley & Sons in the third quarter valued at $57,000. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of John Wiley & Sons during the 2nd quarter worth $60,000. Point72 DIFC Ltd purchased a new stake in shares of John Wiley & Sons in the 2nd quarter worth about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in John Wiley & Sons in the 2nd quarter valued at about $121,000. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Company 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.