diff --git a/.gitignore b/.gitignore
index 7b9494a..2102185 100644
--- a/.gitignore
+++ b/.gitignore
@@ -108,3 +108,4 @@ fonttools-2.3.tar.gz
 /fonttools-4.26.1.tar.gz
 /fonttools-4.26.2.tar.gz
 /fonttools-4.27.0.tar.gz
+/fonttools-4.27.1.tar.gz
diff --git a/fonttools.spec b/fonttools.spec
index c52daaf..e1394f6 100644
--- a/fonttools.spec
+++ b/fonttools.spec
@@ -6,7 +6,7 @@ from an XML text format, which is also called TTX. It supports TrueType, \
 OpenType, AFM and to an extent Type 1 and some Mac-specific formats.
 
 Name:           fonttools
-Version:        4.27.0
+Version:        4.27.1
 Release:        1%{?dist}
 Summary:        Tools to manipulate font files
 License:        MIT
@@ -84,6 +84,9 @@ PYTHONPATH=%{buildroot}%{python3_sitelib} %{python3} -m pytest --ignore Tests/ot
 %{python3_sitelib}/%{name}-%{version}-py%{python3_version}.egg-info
 
 %changelog
+* Tue Sep 28 2021 Parag Nemade <pnemade AT redhat DOT com> - 4.27.1-1
+- Update to 4.27.1 version (#2007503)
+
 * Sat Sep 18 2021 Parag Nemade <pnemade AT redhat DOT com> - 4.27.0-1
 - Update to 4.27.0 version (#2004586)
 
diff --git a/sources b/sources
index 9fdd733..3d5964b 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (fonttools-4.27.0.tar.gz) = 65602f13ecaff2881d78075ed6a9774ec8afd1c958ef75f09d146b4699e8341ada90a1fff9176e302e07d77d36a9466096fdda259025c5938e81dd0816269874
+SHA512 (fonttools-4.27.1.tar.gz) = 76371a1244cb1c681b90f31ce67de3aff5e732477aea02c046a45a838ed49f097707edd359c7427e2643b357c12f6516d667d6b1a61e942a8e3b57eae1d6df70