Bank of America began coverage on shares of Online Resources (NASDAQ:ORCC) in a report released on Monday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $16.00 price objective on the technology company’s stock.
A number of other equities analysts have also recently weighed in on ORCC. Keefe, Bruyette & Woods initiated coverage on Online Resources in a report on Monday. They issued a market perform rating and a $16.00 price target for the company. Compass Point initiated coverage on Online Resources in a report on Thursday, July 18th. They issued a neutral rating for the company. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $15.44.
NASDAQ ORCC opened at $15.69 on Monday. Online Resources has a twelve month low of $15.02 and a twelve month high of $16.45.
Online Resources Corporation is engaged in providing outsourced, Web and phone based financial technology services to financial institution, biller, card issuer and creditor clients. The Company operates in two segments: Banking and e-Commerce. The Company’s products and services enable the Company’s clients to provide their consumer end users with the ability to perform various self-service functions, including electronic bill payments and funds transfers, which utilize its real-time debit architecture, automated clearing house (ACH) and other payment methods, as well as gain online access to their accounts, transaction histories and other information.
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