Online Resources Co. Declares Dividend of $0.33 (NYSE:ORCC)

Online Resources Co. (NYSE:ORCC) announced a dividend on Tuesday, July 30th, NASDAQ reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.33 per share by the technology company on Friday, November 15th. The ex-dividend date is Friday, September 27th.

Shares of ORCC stock traded up $0.25 during trading hours on Wednesday, hitting $16.60. 130,191 shares of the company were exchanged, compared to its average volume of 244,364. The company has a 50 day moving average of $16.16. Online Resources has a 52 week low of $15.02 and a 52 week high of $18.15.

Online Resources (NYSE:ORCC) last issued its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $176.14 million for the quarter.



ORCC has been the subject of several research reports. Bank of America initiated coverage on shares of Online Resources in a research report on Monday, August 12th. They set a “neutral” rating and a $16.00 price objective for the company. Deutsche Bank initiated coverage on shares of Online Resources in a research report on Tuesday, August 13th. They set a “buy” rating and a $17.50 price objective for the company. Compass Point initiated coverage on shares of Online Resources in a research report on Thursday, July 18th. They set a “neutral” rating for the company. Keefe, Bruyette & Woods initiated coverage on shares of Online Resources in a research report on Monday, August 12th. They set a “market perform” rating and a $16.00 price objective for the company. Finally, Janney Montgomery Scott initiated coverage on shares of Online Resources in a research report on Thursday, August 29th. They set a “neutral” rating and a $16.00 price objective for the company. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $15.50.

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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