diff --git a/.gitignore b/.gitignore
index af27f46..ce1fa1e 100644
--- a/.gitignore
+++ b/.gitignore
@@ -44,3 +44,4 @@ fonttools-2.3.tar.gz
 /fonttools-3.24.2.zip
 /fonttools-3.25.0.zip
 /fonttools-3.26.0.zip
+/fonttools-3.27.1.zip
diff --git a/fonttools.spec b/fonttools.spec
index 8515d33..b353f2c 100644
--- a/fonttools.spec
+++ b/fonttools.spec
@@ -7,7 +7,7 @@ contains a tool called “TTX” which converts TrueType/OpenType fonts to and \
 from an XML-based format.
 
 Name:           fonttools
-Version:        3.26.0
+Version:        3.27.1
 Release:        1%{?dist}
 Summary:        Tools to manipulate font files
 License:        BSD
@@ -80,6 +80,9 @@ sed -i '1d' Lib/fontTools/mtiLib/__init__.py
 %{python3_sitelib}/%{name}-%{version}-py3.?.egg-info
 
 %changelog
+* Fri Jun 15 2018 Parag Nemade <pnemade AT redhat DOT com> - 3.27.1-1
+- Update to 3.27.1 version (#1591522)
+
 * Mon May 07 2018 Parag Nemade <pnemade AT redhat DOT com> - 3.26.0-1
 - Update to 3.26.0 version (#1575168)
 
diff --git a/sources b/sources
index b98f35e..9d78a61 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (fonttools-3.26.0.zip) = d99f21c0ff7fb3d4fa50811dcacb730619ed5a02af1ae4a540366aa9663c3742d4db46f5c6d4f9239588af087bf5d783cd610d693c2c6a15403d54eef68ad5d8
+SHA512 (fonttools-3.27.1.zip) = a88d54f674886afca423e3f9856f26cfa12e4a2bd07b6a3542d2a90bb2377ddf595e974417e243b16625365899a343be3561d61c12de064cb05f012879ef15db