diff --git a/dir.common.props b/dir.common.props
index 358a1a453f70..520dc158f1a7 100644
--- a/dir.common.props
+++ b/dir.common.props
@@ -65,7 +65,7 @@
 
   <PropertyGroup>
     <!-- Central place to set the versions of all nuget packages produced in the repo -->
-    <PackageVersion Condition="'$(PackageVersion)' == ''">3.1.26</PackageVersion>
+    <PackageVersion Condition="'$(PackageVersion)' == ''">3.1.27</PackageVersion>
     <PreReleaseLabel>servicing</PreReleaseLabel>
   </PropertyGroup>
 
diff --git a/eng/Versions.props b/eng/Versions.props
index 57d39d6c75dd..ff896ec4eb72 100644
--- a/eng/Versions.props
+++ b/eng/Versions.props
@@ -2,7 +2,7 @@
 <Project>
   <PropertyGroup>
     <!-- The .NET Core product branding version -->
-    <ProductVersion>3.1.26</ProductVersion>
+    <ProductVersion>3.1.27</ProductVersion>
     <!-- File version numbers -->
     <MajorVersion>4</MajorVersion>
     <MinorVersion>7</MinorVersion>