Online Resources (NASDAQ:ORCC) Reaches New 1-Year High at $16.48
Shares of Online Resources Co. (NASDAQ:ORCC) reached a new 52-week high on Friday . The company traded as high as $16.48 and last traded at $16.27, with a volume of 34027 shares changing hands. The stock had previously closed at $16.15.
ORCC has been the topic of a number of recent research reports. LADENBURG THALM/SH SH assumed coverage on Online Resources in a report on Monday, August 12th. They issued a “buy” rating and a $17.00 target price on the stock. Compass Point began coverage on Online Resources in a research report on Thursday, July 18th. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods assumed coverage on Online Resources in a research report on Monday, August 12th. They issued a “market perform” rating and a $16.00 price target for the company. Bank of America assumed coverage on Online Resources in a research note on Monday, August 12th. They set a “neutral” rating and a $16.00 price objective for the company. Finally, SunTrust Banks assumed coverage on Online Resources in a research note on Monday, August 12th. They set a “buy” rating and a $17.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $15.50.
The firm’s 50 day moving average is $15.87.
The firm also recently announced a dividend, which will be paid on Friday, November 15th. Investors of record on Monday, September 30th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, September 27th.
Online Resources Company Profile (NASDAQ:ORCC)
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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