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WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

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Wolters Kluwer (WTKWY) is a global leader in digital knowledge solutions and cloud software for tax, finance, accounting, and legal professionals. With offerings like the SAP Document and Reporting Compliance solution integrated with the CCH SureTax solution, Wolters Kluwer helps multinational companies manage U.S. tax filing obligations efficiently. The company serves customers in over 180 countries and reported 2022 annual revenues of €5.5 billion.

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Wolters Kluwer (Euronext: WKL) has reported the repurchase of 130,000 of its own ordinary shares between November 14-20, 2024, at an average price of €154.42, totaling €20.1 million. This is part of their €1 billion share buyback program announced on February 21, 2024. Year-to-date, the company has repurchased 6,140,256 shares at an average price of €148.22, with total consideration of €910.1 million. The company has engaged third parties to execute approximately €647 million of buybacks from May 2 to December 27, 2024. Repurchased shares will be held as treasury shares for capital reduction through cancellation.

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Wolters Kluwer (Euronext: WKL) has reported the repurchase of 120,200 of its own ordinary shares between November 7-13, 2024, for €19.3 million at an average share price of €160.45. This is part of their €1 billion share buyback program announced on February 21, 2024. Year-to-date, the company has repurchased 6,010,256 shares for €890.1 million at an average price of €148.09. From May 2 to December 27, 2024, third parties will execute approximately €647 million of buybacks. The repurchased shares will be held as treasury shares for capital reduction through share cancelation.

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Wolters Kluwer (Euronext: WKL) has reported the repurchase of 112,600 of its own ordinary shares between October 31 and November 6, 2024, for €17.8 million at an average price of €158.01 per share. This is part of their €1 billion share buyback program announced on February 21, 2024.

Year-to-date, the company has repurchased 5,890,056 shares for a total of €870.8 million at an average price of €147.84. The company has engaged third parties to execute approximately €647 million of buybacks from May 2 to December 27, 2024. Repurchased shares will be held as treasury shares for capital reduction through share cancelation.

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Wolters Kluwer reports strong performance in the first nine months of 2024 with total revenues up 6% in constant currencies and organically. Recurring revenues (83% of total) grew 7% organically, while cloud software revenues (18% of total) increased 16%. The company's adjusted operating profit rose 8% in constant currencies with improved margins. Regional performance showed North America growing 6%, Europe 5%, and Asia Pacific & ROW 7% organically. The company maintains its full-year 2024 guidance and is on track with its €1 billion share buyback program, having completed approximately 85%. A new €100 million share buyback program is planned for early 2025.

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Wolters Kluwer (Euronext: WKL) has reported the repurchase of 75,351 of its own ordinary shares between October 24-28, 2024, for €11.9 million at an average price of €158.54 per share. This is part of their €1 billion share buyback program announced on February 21, 2024. Year-to-date, the company has repurchased 5,777,456 shares for €853.0 million at an average price of €147.64. From May 2 to December 27, 2024, third parties will execute approximately €647 million of buybacks. The repurchased shares will be held as treasury shares for capital reduction through share cancelation.

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Wolters Kluwer announces the appointment of Anjana Harve as Member of the Supervisory Board, approved at an Extraordinary General Meeting of Shareholders with 78.91% of voting share capital represented. The appointment is effective immediately with a four-year term until 2029. Harve currently serves as Executive Vice President and CIO at BJ's Wholesale Club, and previously held positions as Global CIO at Fresenius Medical Care and Hillrom, as well as Global Head of Commercial Technology Services at Novartis.

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Wolters Kluwer's 2024 Future Ready Lawyer Survey reveals significant adoption of AI technologies in the legal sector. 76% of corporate legal departments and 68% of law firms use GenAI weekly, with over a third using it daily. The survey of 700 lawyers across the US and nine European countries shows strong confidence in managing AI-driven changes, with 60% expecting AI efficiencies to impact billable hours.

Key findings include: 73% of staff required to work in-office four or more days weekly; 58% of law firms and 73% of corporate legal departments planning increased AI investment over three years; and only 29% of law firms and 41% of corporate legal departments feeling very prepared for rising ESG expertise demands.

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Wolters Kluwer (Euronext: WKL) has reported the repurchase of 127,348 ordinary shares between October 17-23, 2024, for €20.2 million at an average price of €158.66 per share. This is part of their €1 billion share buyback program announced on February 21, 2024. Year-to-date, the company has repurchased 5,702,105 shares for €841.0 million at an average price of €147.49.

The company has engaged third parties to execute approximately €647 million of buybacks from May 2 to December 27, 2024. The repurchased shares will be held as treasury shares and canceled for capital reduction purposes.

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Wolters Kluwer (Euronext: WKL) has reported the repurchase of 133,009 of its own ordinary shares from October 10 to October 16, 2024, for €20.8 million at an average share price of €156.45. This is part of a larger €1 billion share buyback program for 2024, announced on February 21, 2024.

The cumulative repurchases for 2024 to date amount to 5,574,757 shares for a total of €820.8 million, at an average price of €147.24. From May 2 to December 27, 2024, third parties have been engaged to execute approximately €647 million of buybacks within legal limits.

Repurchased shares will be held as treasury shares and used for capital reduction through share cancellation. Detailed transaction information and weekly progress reports are available on the company's website.

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Wolters Kluwer (Euronext: WKL) has reported the repurchase of 140,926 of its own ordinary shares from October 3 to October 9, 2024, for €21.4 million at an average share price of €151.58. This is part of a larger €1 billion share buyback program for 2024, announced on February 21, 2024.

The cumulative amount repurchased year-to-date under this program is 5,441,748 shares for a total consideration of €800.0 million at an average share price of €147.01. From May 2 to December 27, 2024, third parties have been engaged to execute approximately €647 million of buybacks on behalf of the company.

Repurchased shares will be held as treasury shares and used for capital reduction through share cancelation. Detailed transaction information and weekly progress reports are available on the company's website.

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FAQ

What is the current stock price of WOLTERS KLUWER S/ADR (WTKWY)?

The current stock price of WOLTERS KLUWER S/ADR (WTKWY) is $160.57 as of November 21, 2024.

What is the market cap of WOLTERS KLUWER S/ADR (WTKWY)?

The market cap of WOLTERS KLUWER S/ADR (WTKWY) is approximately 38.3B.

What does Wolters Kluwer do?

Wolters Kluwer provides digital knowledge solutions and cloud software for tax, finance, accounting, and legal professionals globally.

What are some of Wolters Kluwer's offerings?

Wolters Kluwer offers the SAP Document and Reporting Compliance solution integrated with the CCH SureTax solution for efficient tax compliance.

How many countries does Wolters Kluwer serve?

Wolters Kluwer serves customers in over 180 countries worldwide.

What were Wolters Kluwer's 2022 annual revenues?

Wolters Kluwer reported 2022 annual revenues of €5.5 billion.

Where is Wolters Kluwer headquartered?

Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands.

WOLTERS KLUWER S/ADR

OTC:WTKWY

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WTKWY Stock Data

38.28B
236.17M
0.04%
Specialty Business Services
Industrials
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United States of America
Alphen aan den Rijn