Trajan Wealth LLC Decreases Stock Position in John Wiley & Sons, Inc. (NYSE:WLY)

Trajan Wealth LLC trimmed its holdings in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 11.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,919 shares of the company’s stock after selling 651 shares during the quarter. Trajan Wealth LLC’s holdings in John Wiley & Sons were worth $237,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in John Wiley & Sons by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,924,498 shares of the company’s stock valued at $78,326,000 after purchasing an additional 90,693 shares during the period. Bank of New York Mellon Corp increased its position in John Wiley & Sons by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 1,302,764 shares of the company’s stock valued at $53,022,000 after acquiring an additional 24,215 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in John Wiley & Sons by 21.6% in the first quarter. William Blair Investment Management LLC now owns 1,060,573 shares of the company’s stock valued at $40,440,000 after acquiring an additional 188,211 shares during the period. Burgundy Asset Management Ltd. boosted its position in John Wiley & Sons by 1.6% in the second quarter. Burgundy Asset Management Ltd. now owns 987,612 shares of the company’s stock worth $40,196,000 after purchasing an additional 15,372 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of John Wiley & Sons by 19.5% during the 2nd quarter. Raymond James & Associates now owns 501,891 shares of the company’s stock valued at $20,427,000 after purchasing an additional 81,968 shares during the period. Hedge funds and other institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Price Performance

Shares of NYSE:WLY opened at $50.09 on Thursday. The firm’s 50 day moving average price is $47.78 and its 200-day moving average price is $43.45. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $2.72 billion, a PE ratio of -25.05 and a beta of 0.86. John Wiley & Sons, Inc. has a twelve month low of $29.04 and a twelve month high of $51.79.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.47 earnings per share 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 earned $0.27 EPS. The company’s revenue was down 10.5% compared to the same quarter last year.

John Wiley & Sons Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were given a $0.352 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons’s payout ratio is -70.50%.

Insider Transactions at John Wiley & Sons

In related news, EVP Danielle Mcmahan sold 2,318 shares of the stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $49.41, for a total value of $114,532.38. Following the completion of the sale, the executive vice president now directly owns 8,978 shares of the company’s stock, valued at approximately $443,602.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.