Wells Fargo & Co began coverage on shares of Online Resources (NASDAQ:ORCC) in a research note published on Monday, BenzingaRatingsTable reports. The firm issued a market perform rating and a $6.00 price target on the technology company’s stock.
A number of other brokerages have also weighed in on ORCC. Keefe, Bruyette & Woods started coverage on Online Resources in a research report on Monday. They set a market perform rating and a $16.00 target price for the company. Bank of America started coverage on Online Resources in a research report on Monday. They set a neutral rating and a $16.00 target price for the company. Finally, Compass Point started coverage on Online Resources in a research report on Thursday, July 18th. They set 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 company’s stock. Online Resources has a consensus rating of Buy and an average target price of $15.44.
Shares of NASDAQ ORCC opened at $15.73 on Monday. Online Resources has a twelve month low of $15.02 and a twelve 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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