Nordea Investment Management AB Sells 913 Shares of John Wiley & Sons, Inc. $WLY

Nordea Investment Management AB trimmed its position in shares of John Wiley & Sons, Inc. (NYSE:WLY) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,697 shares of the company’s stock after selling 913 shares during the quarter. Nordea Investment Management AB owned approximately 0.27% of John Wiley & Sons worth $6,555,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of WLY. Allianz Asset Management GmbH raised its holdings in John Wiley & Sons by 35.3% during the second quarter. Allianz Asset Management GmbH now owns 218,708 shares of the company’s stock worth $9,761,000 after purchasing an additional 57,027 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in John Wiley & Sons by 2.5% in the second quarter. Verdence Capital Advisors LLC now owns 11,746 shares of the company’s stock valued at $524,000 after buying an additional 287 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in John Wiley & Sons in the second quarter worth about $31,000. KLP Kapitalforvaltning AS grew its stake in John Wiley & Sons by 14.6% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 9,400 shares of the company’s stock valued at $420,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Consolidated Planning Corp lifted its holdings in John Wiley & Sons by 13.5% in the 2nd quarter. Consolidated Planning Corp now owns 76,096 shares of the company’s stock worth $3,396,000 after purchasing an additional 9,075 shares during the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen lowered John Wiley & Sons from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 6th. Weiss Ratings reissued a “hold (c)” rating on shares of John Wiley & Sons in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, John Wiley & Sons presently has an average rating of “Hold”.

John Wiley & Sons Trading Down 0.7%

WLY opened at $36.78 on Tuesday. John Wiley & Sons, Inc. has a 12 month low of $35.94 and a 12 month high of $53.96. The firm has a market cap of $1.96 billion, a P/E ratio of 20.66 and a beta of 1.03. The stock has a 50-day moving average of $39.66 and a 200 day moving average of $40.85. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.12.

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

John Wiley & Sons Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 7th will be issued a $0.355 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $1.42 annualized dividend and a dividend yield of 3.9%. John Wiley & Sons’s payout ratio is presently 79.78%.

John Wiley & Sons declared that its board has authorized a share buyback program on Thursday, June 26th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

John Wiley & Sons Company 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.