diff --git a/CHANGELOG.md b/CHANGELOG.md
index b22bda47..6f0d1333 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+### [1.2.7](https://github.com/googleapis/java-iam/compare/v1.2.6...v1.2.7) (2022-03-02)
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v2.8.0 ([#299](https://github.com/googleapis/java-iam/issues/299)) ([6cf3f84](https://github.com/googleapis/java-iam/commit/6cf3f841fff069816b02e40e98b4dc22ebfd06e5))
+
 ### [1.2.6](https://github.com/googleapis/java-iam/compare/v1.2.5...v1.2.6) (2022-03-01)
 
 
diff --git a/grpc-google-iam-v1/pom.xml b/grpc-google-iam-v1/pom.xml
index 589fa25a..3356ef8e 100644
--- a/grpc-google-iam-v1/pom.xml
+++ b/grpc-google-iam-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-iam-v1</artifactId>
-  <version>1.2.7-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+  <version>1.2.7</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   <name>grpc-google-iam-v1</name>
   <description>GRPC library for grpc-google-iam-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-iam-parent</artifactId>
-    <version>1.2.7-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+    <version>1.2.7</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 49212b9e..068b737e 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-iam-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.2.7-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+  <version>1.2.7</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   <name>Google IAM Parent</name>
   <url>https://github.com/googleapis/java-iam</url>
   <description>
@@ -77,7 +77,7 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-iam-v1</artifactId>
-        <version>1.2.7-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+        <version>1.2.7</version><!-- {x-version-update:proto-google-iam-v1:current} -->
       </dependency>
 
       <dependency>
diff --git a/proto-google-iam-v1/pom.xml b/proto-google-iam-v1/pom.xml
index 469ab55b..180f2ef3 100644
--- a/proto-google-iam-v1/pom.xml
+++ b/proto-google-iam-v1/pom.xml
@@ -3,13 +3,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-iam-v1</artifactId>
-  <version>1.2.7-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+  <version>1.2.7</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   <name>proto-google-iam-v1</name>
   <description>PROTO library for proto-google-iam-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-iam-parent</artifactId>
-    <version>1.2.7-SNAPSHOT</version><!-- {x-version-update:proto-google-iam-v1:current} -->
+    <version>1.2.7</version><!-- {x-version-update:proto-google-iam-v1:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/versions.txt b/versions.txt
index f5892d5f..30af4a04 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,5 +1,5 @@
 # Format:
 # module:released-version:current-version
 
-proto-google-iam-v1:1.2.6:1.2.7-SNAPSHOT
-grpc-google-iam-v1:1.2.6:1.2.7-SNAPSHOT
+proto-google-iam-v1:1.2.7:1.2.7
+grpc-google-iam-v1:1.2.7:1.2.7