diff --git a/.gitignore b/.gitignore
index 0683161..052d4d4 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1,2 @@
 /qtpy-1.1.2.tar.gz
+/qtpy-1.2.1.tar.gz
diff --git a/python-QtPy.spec b/python-QtPy.spec
index 6ed6318..b1a835f 100644
--- a/python-QtPy.spec
+++ b/python-QtPy.spec
@@ -2,8 +2,8 @@
 %global simple_name qtpy
 
 Name:           python-%{pypi_name}
-Version:        1.1.2
-Release:        7%{?dist}
+Version:        1.2.1
+Release:        1%{?dist}
 Summary:        Provides an abstraction layer on top of the various Qt bindings
 
 License:        MIT and BSD
@@ -86,6 +86,9 @@ rm -rf %{pypi_name}.egg-info
 %{python3_sitelib}/%{pypi_name}-%{version}-py?.?.egg-info
 
 %changelog
+* Fri Mar 17 2017 Mukundan Ragavan <nonamedotc@fedoraproject.org> - 1.2.1-1
+- Update to 1.2.1
+
 * Sat Feb 11 2017 Fedora Release Engineering <releng@fedoraproject.org> - 1.1.2-7
 - Rebuilt for https://fedoraproject.org/wiki/Fedora_26_Mass_Rebuild
 
diff --git a/sources b/sources
index 02fa278..34b5192 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-c1c1b3b9c31793c2dea2e2679ff7fb4c  qtpy-1.1.2.tar.gz
+SHA512 (qtpy-1.2.1.tar.gz) = d672955c27e0cdc5fc2d7d145302f7a2c1b515d1234d50fd0a782ab8f464ed129960cae7ca116a97949e5f060cc0a7c96e65f7bc5f4f3aea8ae1829f82ab6374