Wolters Kluwer (OTCMKTS:WTKWY – Get Rating) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 2,100 shares, a decrease of 71.6% from the August 31st total of 7,400 shares. Based on an average daily volume of 27,200 shares, the short-interest ratio is presently 0.1 days.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. UBS Group assumed coverage on Wolters Kluwer in a report on Wednesday, September 21st. They issued a "buy" rating for the company. Berenberg Bank increased their price target on shares of Wolters Kluwer from €98.00 ($100.00) to €103.00 ($105.10) in a research report on Monday. The Goldman Sachs Group raised shares of Wolters Kluwer from a "neutral" rating to a "buy" rating in a research report on Monday, July 4th. Morgan Stanley increased their price target on shares of Wolters Kluwer from €115.00 ($117.35) to €120.00 ($122.45) in a research report on Wednesday, July 20th. Finally, Credit Suisse Group raised their target price on shares of Wolters Kluwer from €110.00 ($112.24) to €115.00 ($117.35) in a report on Thursday, September 8th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Wolters Kluwer presently has an average rating of "Moderate Buy" and a consensus price target of $106.81.
Get Wolters Kluwer alerts:Wolters Kluwer Trading Down 0.4 %
Shares of OTCMKTS WTKWY opened at $93.96 on Wednesday. The firm's 50-day moving average price is $103.27 and its two-hundred day moving average price is $101.01. Wolters Kluwer has a 52-week low of $87.92 and a 52-week high of $119.17. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.90 and a quick ratio of 0.87.
Wolters Kluwer Cuts Dividend
The company also recently declared a dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, August 31st will be paid a $0.5457 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a dividend yield of 1.41%.Wolters Kluwer Company Profile
(Get Rating)
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 four segments: Health; Tax & Accounting; Governance, Risk & Compliance; and Legal & Regulatory.
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