First Business Financial Services Inc. grew its position in Wyndham Worldwide Co. (NYSE:WYN) by 20.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,418 shares of the company’s stock after purchasing an additional 1,073 shares during the period. First Business Financial Services Inc.’s holdings in Wyndham Worldwide were worth $744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WYN. JPMorgan Chase & Co. raised its holdings in Wyndham Worldwide by 52.3% in the third quarter. JPMorgan Chase & Co. now owns 2,025,053 shares of the company’s stock worth $213,136,000 after purchasing an additional 695,118 shares during the period. Iridian Asset Management LLC CT raised its holdings in Wyndham Worldwide by 40.6% in the third quarter. Iridian Asset Management LLC CT now owns 2,188,588 shares of the company’s stock worth $230,699,000 after purchasing an additional 631,648 shares during the period. Janus Henderson Group PLC raised its holdings in Wyndham Worldwide by 479.7% in the third quarter. Janus Henderson Group PLC now owns 726,274 shares of the company’s stock worth $76,556,000 after purchasing an additional 600,980 shares during the period. Smith Asset Management Group LP raised its holdings in Wyndham Worldwide by 171.3% in the third quarter. Smith Asset Management Group LP now owns 748,347 shares of the company’s stock worth $25,807,000 after purchasing an additional 472,464 shares during the period. Finally, State Treasurer State of Michigan raised its holdings in Wyndham Worldwide by 566.4% in the third quarter. State Treasurer State of Michigan now owns 228,837 shares of the company’s stock worth $24,122,000 after purchasing an additional 194,500 shares during the period. Institutional investors own 93.77% of the company’s stock.

In related news, VP Scott G. Mclester sold 15,381 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,768,815.00. Following the sale, the vice president now directly owns 8,917 shares in the company, valued at $1,025,455. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.39% of the company’s stock.

Shares of Wyndham Worldwide Co. (NYSE WYN) opened at $115.02 on Friday. Wyndham Worldwide Co. has a twelve month low of $80.15 and a twelve month high of $127.96. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 9.00. The company has a market cap of $11,506.60, a price-to-earnings ratio of 18.77 and a beta of 1.37.

Wyndham Worldwide announced that its Board of Directors has approved a share repurchase program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Several equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Wyndham Worldwide from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 target price on shares of Wyndham Worldwide in a report on Friday, January 19th. Jefferies Group assumed coverage on shares of Wyndham Worldwide in a report on Friday, January 19th. They issued a “buy” rating and a $202.00 target price on the stock. Goldman Sachs Group upgraded shares of Wyndham Worldwide from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. Finally, Macquarie assumed coverage on shares of Wyndham Worldwide in a report on Friday, January 5th. They issued an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Wyndham Worldwide presently has an average rating of “Hold” and an average target price of $122.50.

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Wyndham Worldwide Company Profile

Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Wyndham Hotel Group, Wyndham Destination Network and Wyndham Vacation Ownership. The Company’s brands include Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites by Wyndham, TRYP by Wyndham, Dolce Hotels and Resorts, RCI, Landal GreenParks, Novasol, Hoseasons, cottages.com, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club and WorldMark by Wyndham.

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Institutional Ownership by Quarter for Wyndham Worldwide (NYSE:WYN)

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