Zacks Investment Research downgraded shares of Wolters Kluwer (NASDAQ:WTKWY) from a strong-buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “WOLTERS KLUWER is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. “

Wolters Kluwer (NASDAQ:WTKWY) traded up 0.11% during midday trading on Wednesday, hitting $44.23. The stock had a trading volume of 12,209 shares. The company has a market cap of $13.35 billion and a price-to-earnings ratio of 19.90. Wolters Kluwer has a 1-year low of $33.09 and a 1-year high of $44.76. The company’s 50 day moving average is $43.05 and its 200 day moving average is $41.73.

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About Wolters Kluwer

Wolters Kluwer N.V. provides information, software and services to doctors, nurses, accountants, lawyers, and audit, compliance and regulatory professionals. The Company’s segments include Health; Tax & Accounting; Governance, Risk & Compliance, Legal & Regulatory and Corporate. Its geographical segments include the Netherlands, Europe, North America and the Rest of the World.

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