Bank technology stocks generally headed south last week, following a broader market decline that saw the Dow Jones industrial average tumble nearly 28 points Friday.
The outsourcing firm Bisys Group Inc. announced last week significantly higher revenues and earnings for its third fiscal quarter.
The Little Falls, N.J., company reported earnings of $4.01 million, or 25 cents per share, for the three months ended March 31, compared with a loss of $3.9 million for the same period in 1993.
Revenues hit $36.7 million for the 1994 quarter, up from $23.3 million a year earlier. Bisys' stock closed at $18.9375 a share Friday, down 18.75 cents for the week.
Another technology service company, Milwaukee-based Fiserv Inc., announced it had acquired a Des Moines-based data processing business from Boat-men's Bancshares for an undisclosed sum.
Fiserv's shares closed at $20.25 Friday, down $1.25 for the week.
Credit bureau and software firm Equifax Inc. announced Thursday that it had acquired Healthchex Inc., a provider of analytical services to health insurance companies.
Equifax officials said Healthchex would have 1994 revenues under $10 million. Terms of the deal were not disclosed.
Atlanta-based Equifax also announced last week that it had formed a joint venture with a consortium of Spanish banks to provide credit information in that country.
Equifax shares closed at $27.50 Friday, down 12.5 cents for the week.
Broadway & Seymour Inc. announced the resignation of its chief financial officer, Paul Demmink.
Officials at the Charlotte, N.C.-based software and systems integrator said Mr. Demmink will remain with the company until a successor takes over.
Mr. Demmink is becoming president of a new firm in non-competitive field, officials said.
Broadway & Seymour shares closed at $14 Friday, down $1 from the previous week.