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The latest update is out from Money Forward ( (JP:3994) ).
Money Forward has disclosed that ValueAct Japan Master Fund, an investment fund based in the British Virgin Islands, has increased its stake to become a major shareholder. According to a large shareholding report filed with the Kanto Local Finance Bureau, ValueAct’s voting rights rose from 9.56% to 14.44%, corresponding to an increase from 5,292,100 to 7,992,100 shares.
The company notes that these figures are based on regulatory filings and that it has not independently verified the number of shares actually held in ValueAct’s name. Management also stated that the change in major shareholder status is not expected to have any immediate impact on its business outlook, suggesting limited short-term operational implications despite the significant rise in influential ownership.
The most recent analyst rating on (JP:3994) stock is a Hold with a Yen3287.00 price target. To see the full list of analyst forecasts on Money Forward stock, see the JP:3994 Stock Forecast page.
More about Money Forward
Money Forward, Inc. is a Japan-based fintech company listed on the Tokyo Stock Exchange Prime market under securities code 3994. The company provides digital financial services and solutions, leveraging technology to support individuals and businesses in managing finances, with a focus on data-driven money management and related software offerings.
Average Trading Volume: 1,115,398
Technical Sentiment Signal: Sell
Current Market Cap: Yen173B
For an in-depth examination of 3994 stock, go to TipRanks’ Overview page.