ValueAct Capital Slices Stake in MICROS Systems, Inc. (MCRS)

According to a new filing with the SEC, Jeffrey Ubben‘s ValueAct Capital has reduced its exposure to MICROS Systems, Inc. (NASDAQ:MCRS). ValueAct Capital currently holds 3.46 million shares of the company, which represent 4.6% of the company’s stock. The holding has been cut from around 6.70 million shares disclosed by the fund in its latest 13F.

VALUEACT CAPITAL

With a market cap of $4.4 billion, MICROS Systems, Inc. (NASDAQ:MCRS) is a company specialized in the development and sale of enterprise information solutions for hospitality and retail industries. Recently, the company disclosed about entering into a strategic collaboration with Microsoft, Dell and Intel for the development of mobile solutions. MICROS Systems, Inc. (NASDAQ:MCRS) plans to develop software for hospitality and retail businesses that will run on a Windows 8.1 tabled built by Dell, which incorporates the new Intel Atom processor, the company said in a statement. The stock of Micros returned almost 40% during the past year, trailing a P/E of 28.6x.

Aside from ValueAct, which even after the sale, remains a shareholder with a significant position in the company, some other hedge funds out of those we track disclosed holding shares of MICROS. Select Equity Group, managed by Robert Joseph Caruso, reported a $159.73 million stake, in its latest 13F, which contained 3.2 million shares; followed by D. E. Shaw’s D E Shaw with ownership of 987,500 shares, worth $49.32 million.

ValueAct is a long-term oriented fund, with a small number of positions which are usually held for several years, in order to provide a higher return. In the past couple of months, the fund made a couple of important and interesting moves such as the significant cut of the Adobe Systems Incorporated (NASDAQ:ADBE) to 25.3 million shares, from 31.3 million. Also, in November, ValueAct reported about initiating a 9.9% activist stake in Allison Transmission Holdings Inc. (NYSE:ALSN), which amasses 18.03 million shares.

Disclosure: none

Recommended Reading:

Hedge Fund Highlights: Daniel Loeb, Jim Chanos & Jana Partners

Altimeter Capital Management Continues NQ Mobile Inc (ADR) (NQ) Buying Binge

Healthcor Management Further Invests in CareView Communications Inc (CRVW)

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!