Wolters Kluwer (OTCMKTS:WTKWY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Wolters Kluwer experienced a significant increase in trading volume on Thursday, with about 133,597 shares traded, marking a 278% jump from the previous day's volume.
• The company has recently upgraded its dividend to $1.3372 per share, up from $0.77, reflecting a substantial dividend yield of 118.0%.
• Analysts at Sanford C. Bernstein have upgraded Wolters Kluwer to a "hold" rating, indicating a cautious but positive outlook on the company's stock performance.

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 133,597 shares traded hands during mid-day trading, an increase of 278% from the previous session's volume of 35,340 shares.The stock last traded at $142.61 and had previously closed at $144.38.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded Wolters Kluwer to a "hold" rating in a research report on Thursday, July 17th.

Wolters Kluwer Trading Down 0.3%

The company has a current ratio of 0.70, a quick ratio of 0.68 and a debt-to-equity ratio of 2.18. The company has a fifty day moving average of $164.94 and a 200 day moving average of $168.67.

Wolters Kluwer Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, May 21st were given a dividend of $1.3372 per share. This is an increase from Wolters Kluwer's previous dividend of $0.77. The ex-dividend date was Tuesday, May 20th. This represents a dividend yield of 118.0%.

Wolters Kluwer Company Profile

Wolters Kluwer N.V. provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, and internationally. The company operates through Health; Tax & Accounting; Financial & Corporate Compliance; Legal & Regulatory; and Corporate Performance & ESG segments.

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