Renaissance Technologies LLC Sells 1,700 Shares of John Wiley & Sons, Inc. (NYSE:WLY)

Renaissance Technologies LLC lowered its holdings in John Wiley & Sons, Inc. (NYSE:WLY) by 1.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 110,900 shares of the company’s stock after selling 1,700 shares during the period. Renaissance Technologies LLC owned approximately 0.20% of John Wiley & Sons worth $4,514,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in John Wiley & Sons by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,924,498 shares of the company’s stock worth $78,326,000 after acquiring an additional 90,693 shares during the period. BOKF NA bought a new position in shares of John Wiley & Sons in the second quarter worth $328,000. American Century Companies Inc. raised its stake in John Wiley & Sons by 1.4% in the second quarter. American Century Companies Inc. now owns 77,502 shares of the company’s stock valued at $3,154,000 after purchasing an additional 1,038 shares in the last quarter. Quest Partners LLC acquired a new position in shares of John Wiley & Sons in the 2nd quarter valued at approximately $381,000. Finally, Acadian Asset Management LLC bought a new stake in shares of John Wiley & Sons during the 2nd quarter worth approximately $1,418,000. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Performance

Shares of NYSE:WLY opened at $48.08 on Friday. The company’s 50 day simple moving average is $46.11 and its 200 day simple moving average is $41.47. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.57 and a quick ratio of 0.53. John Wiley & Sons, Inc. has a 1 year low of $28.83 and a 1 year high of $49.20. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -13.21 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data 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). The business had revenue of $403.81 million for the quarter, compared to the consensus estimate of $387.40 million. John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. John Wiley & Sons’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. As a group, research analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Tuesday, October 8th will be paid a $0.352 dividend. This represents a $1.41 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, October 8th. John Wiley & Sons’s payout ratio is -38.74%.

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.