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)

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
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

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!