Bank technology stocks were mixed last week after a roller-coaster ride for the general market.
Goldman Sachs & Co.'s composite index of domestically traded technology stocks settled at 136.97 Friday, down 1.76 from a week earlier.
Transaction Systems Architects Inc. ranked among the significant movers for the week, losing close to $5 per share on profit taking, according to Gary Craft, an analyst at Robertson Stephens & Co.
"People have made a lot of money on this stock," he said. "It's up 60% to 70% this year."
Meanwhile, Electronic Data Systems Corp. received a reiterated "buy" rating from analyst Brian Maimone at Furman Selz LLC.
Mr. Maimone noted the recent signing of several midsize to large size outsourcing deals, including a 10-year, $325 million agreement with First National Bank of South Africa and a $500 million contract with Digital Equipment Corp.
EDS' stock has risen more than 30% in two months and was trading at $42.6875 late Friday.
In other news, Hewlett-Packard Co. completed its stock-for-stock purchase of Verifone Inc. The deal price worked out to $1.29 billion.
Also, shares of HNC Software Inc. have lost $4.75 in the wake of Morgan Stanley & Co.'s ratings downgrade to "neutral" from "outperform." HNC closed Friday at $37.25.
