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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.