Top 5 Undervalued Tech Stocks

4. FinVolution Group (NYSE: FINV)

Number of Hedge Fund Holders: 8

FinVolution Group (NYSE: FINV) is a Shanghai-based financial services company. The firm operates as a platform connecting borrowers with finance institutions. The company provides loan products through the platform as well. It has more than 110 million registered users. The firm was founded in 2007 and is placed fourth on our list of top 10 undervalued tech stocks. 

On March 11, the firm hiked the annual dividend by 42% to $0.17 per share from $0.12 per share. It has a price-to-earnings ratio of 5.29. In January this year, the firm announced that Shaofeng Gu, the chief of FinVolution, had purchased $0.53 million worth of additional shares in the firm and now owned almost a 30% stake in the company. Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in the firm with 591,229 shares worth more than $1.5 million.