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

Bank of America began coverage on shares of Online Resources (NASDAQ:ORCC) in a research note released on Monday morning, BenzingaRatingsTable reports. The firm issued a neutral rating and a $16.00 price objective on the technology company’s stock.

A number of other research analysts also recently issued reports on ORCC. Compass Point started coverage on Online Resources in a report on Thursday, July 18th. They issued a neutral rating on the stock. Keefe, Bruyette & Woods started coverage on Online Resources in a report on Monday. They issued a market perform rating and a $16.00 price target on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Online Resources currently has an average rating of Buy and an average price target of $15.44.

Shares of NASDAQ:ORCC opened at $15.69 on Monday. Online Resources has a 12-month low of $15.02 and a 12-month high of $16.45.

Online Resources Company Profile

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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