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Wolters Kluwer (OTCMKTS:WTKWY) Shares Gap Up - What's Next?

Wolters Kluwer logo with Business Services background

Key Points

  • Wolters Kluwer shares gapped up to $129.36 at market open, compared to a previous close of $125.63, and last traded at $131.25.
  • Analyst ratings have improved, with Sanford C. Bernstein upgrading the stock from "hold" to "outperform", contributing to an overall average rating of "Strong Buy".
  • The upcoming dividend of $0.9147 per share has a notable yield of 179.0%, with the ex-dividend date set for August 27th.
  • MarketBeat previews top five stocks to own in November.

Wolters Kluwer NV (OTCMKTS:WTKWY - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $125.63, but opened at $129.36. Wolters Kluwer shares last traded at $131.25, with a volume of 3,819 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded shares of Wolters Kluwer from a "hold" rating to an "outperform" rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".

Get Our Latest Stock Analysis on WTKWY

Wolters Kluwer Price Performance

The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.68 and a current ratio of 0.70. The stock's 50 day moving average price is $142.34 and its two-hundred day moving average price is $158.57.

Wolters Kluwer Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.9147 per share. This represents a dividend yield of 179.0%. The ex-dividend date of this dividend is Wednesday, August 27th.

About Wolters Kluwer

(Get Free Report)

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.

See Also

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