On September 19, 2023, Harbor Capital Advisors Inc. made a notable acquisition by obtaining a new stake in John Wiley & Sons, Inc. (NYSE:WLY) during the second quarter. This information was revealed in their most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased a total of 26,706 shares of John Wiley & Sons’ stock, with an estimated value of approximately $909,000.
John Wiley & Sons, Inc. is a global research and education company that operates on a worldwide scale. Their operations are divided into three key segments: Research, Academic, and Talent. The company specializes in offering scientific, technical, medical, and scholarly journals to various stakeholders including learned societies, individual researchers, professionals from different fields, and academic institutions as well as corporate and government libraries.
In addition to this acquisition news, John Wiley & Sons recently disclosed their quarterly dividend announcement. The dividend payment was made to shareholders on Thursday, July 20th. Investors who were recorded on Thursday, July 6th received a dividend payout of $0.35 per share. It is worth noting that this amount marks an increase from the previous quarterly dividend amount provided by John Wiley & Sons.
The new quarterly dividend translates to an annualized dividend of $1.40 per share with a corresponding dividend yield of 3.76%. Shareholders should keep in mind that the ex-dividend date for this particular payment was set on Wednesday, July 5th.
As it stands now, John Wiley & Sons’ dividend payout ratio is at -132.08%, indicating that the company’s current dividends distributed exceed its reported earnings for the given period.
The recent acquisition made by Harbor Capital Advisors Inc., coupled with John Wiley & Sons’ consistent commitment to shareholder returns through increased dividends signals positive developments within the organization. Stakeholders and investors will be keenly observing future announcements and financial disclosures to gain further insights into the company’s performance and prospects.
In conclusion, Harbor Capital Advisors Inc. has acquired a new stake in John Wiley & Sons, Inc., a global research and education company, during the second quarter of this year. The firm specializes in offering scientific, technical, medical, and scholarly journals worldwide. Additionally, John Wiley & Sons announced an increased quarterly dividend payment compared to their previous payout. These recent developments shed light on the company’s commitment to its shareholders and provide valuable information for potential investors or those interested in tracking the organization’s performance.
Teradata Corporation
TDC
Buy
Updated on: 19/09/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Institutional Investor Holdings in John Wiley & Sons Experience Subtle Changes
John Wiley & Sons Reports Subtle Changes in Institutional Investor Holdings
September 19, 2023 – In recent months, John Wiley & Sons, Inc., a renowned publishing company, has seen modest shifts in the stakes held by various institutional investors and hedge funds. Notably, Alliancebernstein L.P. increased its holdings by a minuscule 0.3% during the fourth quarter. This trend reverberated throughout the tranches of shares owned by major players in the market.
Subtle Adjustments and Active Positions:
Alliancebernstein L.P.’s previously mentioned increased investment resulted in the acquisition of an additional 271 shares valued at $3,892,000. Similarly, US Bancorp DE’s position strengthened as it purchased an extra 296 shares during the first quarter, reporting a substantial rise of 37.4%. Arizona State Retirement System also showed confidence and acquired an additional 337 shares worth $498,000 during this period.
Other experienced institutional investors like Ameritas Investment Partners Inc. capitalized on market opportunities by increasing their holdings to strengthen their positions in John Wiley & Sons. Ameritas Investment Partners Inc., for instance, obtained 363 more shares valued at approximately $880,000 while Martingale Asset Management L P accumulated an additional 409 shares worth $1,199,000 during the first quarter alone.
This collective activity demonstrates the ongoing interest among institutional investors and hedge funds who are keen on capitalizing on potential growth in John Wiley & Sons stock.
Ownership Landscape:
The current status quo reveals that approximately 84.57% of John Wiley & Sons’ outstanding stock is controlled by institutional investors and hedge funds. These participants view the company’s offerings as valuable assets with considerable potential for future profitability.
Market Conditions and Performance Indicators:
WLY stock opened at $37.26 on September 19th; however, it should be noted that stock prices can experience fluctuations. The company possesses a quick ratio of 0.63 and a current ratio of 0.68, indicating a certain level of liquidity. Additionally, John Wiley & Sons maintains a debt-to-equity ratio of 0.95, signifying its ability to effectively manage its financial obligations.
Over the past year, the stock has passed through the range of $30.05 as its lowest point and $49.58 as its highest point, which widens potential opportunities for investors seeking both short and long-term returns in the market.
With a market capitalization of $2.06 billion and a beta value of 0.97, John Wiley & Sons portrays stability in an ever-evolving economic landscape. Moreover, the business exhibits a fifty-day simple moving average amounting to $35.42 while maintaining a two-hundred-day simple moving average at $36.18.
Director Acquisition Activity:
One board member within John Wiley & Sons also displayed confidence in the company’s prospects by acquiring shares personally. Director David C. Dobson purchased 3,000 shares on June 26th at an average price of $31.66 per share, with his overall acquisition valued at $94,980. Following this purchase, Dobson now possesses 7,952 shares directly in the company and is emphasizing his trust in John Wiley & Sons’ future growth.
Conclusion:
In summary, numerous institutional investors and hedge funds have made subtle adjustments to their holdings in John Wiley & Sons during recent quarters. Their collective interest underscores the potential growth opportunities associated with investing in this publishing industry stalwart. Although individual investor choices may vary due to personal financial goals or market conditions, these minor changes indicate optimism surrounding John Wiley & Sons’ strategic initiatives and potential profitability in the forthcoming period.
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