Meeder Asset Management Inc. Purchases New Shares in John Wiley & Sons, Inc. (NYSE:WLY)

Meeder Asset Management Inc. acquired a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,564 shares of the company’s stock, valued at approximately $112,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Berry Wealth Group LP raised its holdings in John Wiley & Sons by 5.4% during the 4th quarter. Berry Wealth Group LP now owns 4,991 shares of the company’s stock valued at $218,000 after buying an additional 255 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in John Wiley & Sons by 0.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,284 shares of the company’s stock valued at $4,742,000 after acquiring an additional 342 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of John Wiley & Sons by 10.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company’s stock valued at $161,000 after acquiring an additional 350 shares during the period. Corebridge Financial Inc. lifted its holdings in shares of John Wiley & Sons by 1.9% in the 4th quarter. Corebridge Financial Inc. now owns 21,294 shares of the company’s stock worth $931,000 after acquiring an additional 394 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of John Wiley & Sons by 114.6% during the 4th quarter. Blue Trust Inc. now owns 749 shares of the company’s stock worth $36,000 after purchasing an additional 400 shares during the period. 73.94% of the stock is owned by hedge funds and other institutional investors.

John Wiley & Sons Stock Performance

John Wiley & Sons stock opened at $45.08 on Wednesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a market capitalization of $2.43 billion, a P/E ratio of -49.54 and a beta of 0.82. John Wiley & Sons, Inc. has a 1-year low of $34.85 and a 1-year high of $53.96. The company’s 50-day moving average is $42.11 and its 200 day moving average is $45.81.

John Wiley & Sons (NYSE:WLY) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.39. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. The firm had revenue of $404.63 million for the quarter, compared to the consensus estimate of $401.10 million. Research analysts forecast that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, April 8th. John Wiley & Sons’s dividend payout ratio is currently 190.54%.

John Wiley & Sons 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.