This month marks the leadership transition: Nancy McKinstry steps down as CEO of $WKL (-2.65%) and Stacey Caywood takes over. A smooth handover that I view very positively.

McKinstry led $WKL (-2.65%) for over 20 years and achieved a tenfold market cap increase through the transformation to digital expert solutions. Caywood has been with the group for thirty years, led two major divisions (Health and Legal & Regulatory), and co-architected the 2025-2027 strategic plan.

This internal succession means continuity: no strategic U-turn, but continuation of a proven course.

Do you guys see this transition as a strength or risk?

#WKL
#WoltersKluwer
#Leadership
#CEOTransition
#SaaS
#LegalTech
#HealthTech
#Investing
#LongTerm
#Continuity

Today I initiated a position in Wolters Kluwer. Not because it’s exciting. Not because it’s trending. But because the underlying business model is exceptionally strong.

$WKL (-2.65%) operates mission-critical software in Legal, Tax, Accounting and Healthcare. These are workflows professionals depend on daily. Switching costs are high, integration is deep, and pricing power is real. Roughly 80% of revenues are recurring and the company consistently generates strong free cash flow with an asset-light model and high ROIC.

Yes, growth is moderating and the multiple isn’t “cheap” in absolute terms. But quality rarely is. What I see is a durable compounder with disciplined capital allocation, steady buybacks, and structural demand driven by regulation and digitization.

Short term volatility wouldn’t surprise me. But over a 5–10 year horizon, I believe owning high-quality, cash-generative businesses beats chasing narratives.

Let’s see how this one compounds.

#longterm
#quality
#compounder
#software
#investing

$WKL is in my opinion just too cheap… So today I finally stepped in. It’s gonna be a bumpy ride. Lets go! Who is also in? #saas
#anthropic
#software

$WKL (-2.65%)

It's getting really interesting now $WKL (-2.65%)

Slowly moving towards the €83 mark, a year ago the stock price was euro €175.

With such prices we are looking at a growing dividend yield of 3%.

Price target LOW : €105

Price target HIGH : €131

What do you guys think?

Second half numbers of 2025 will be published 25-02-2026.

Will AI break the company business concept of such a big company?