Online Resources (NASDAQ:ORCC) Coverage Initiated by Analysts at Bank of America

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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.

About Online Resources

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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Analyst Recommendations for Online Resources (NASDAQ:ORCC)

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