diff --git a/.github/readme/synth.metadata/synth.metadata b/.github/readme/synth.metadata/synth.metadata
index def76a08..d22642e1 100644
--- a/.github/readme/synth.metadata/synth.metadata
+++ b/.github/readme/synth.metadata/synth.metadata
@@ -4,14 +4,14 @@
       "git": {
         "name": ".",
         "remote": "https://github.com/googleapis/java-kms.git",
-        "sha": "be126a7931b5792959b777a3dedcbc04e5c87e3d"
+        "sha": "f3b66c5ae5236d99d12e2d0a561f3bc84514b5b3"
       }
     },
     {
       "git": {
         "name": "synthtool",
         "remote": "https://github.com/googleapis/synthtool.git",
-        "sha": "2414b817065726eae0bc525346c7e874f969369d"
+        "sha": "0199c79b8324fba66476300824aa931788c47e2d"
       }
     }
   ]
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 89b7163b..7bdc0353 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+### [1.40.8](https://www.github.com/googleapis/java-kms/compare/v1.40.7...v1.40.8) (2021-02-25)
+
+
+### Dependencies
+
+* update dependency com.google.cloud:google-cloud-shared-dependencies to v0.20.0 ([#414](https://www.github.com/googleapis/java-kms/issues/414)) ([54017fb](https://www.github.com/googleapis/java-kms/commit/54017fb32e7d7d5e4f1244f3519f70f180c1a5c8))
+
 ### [1.40.7](https://www.github.com/googleapis/java-kms/compare/v1.40.6...v1.40.7) (2021-02-22)
 
 
diff --git a/README.md b/README.md
index c2964656..e4546a39 100644
--- a/README.md
+++ b/README.md
@@ -17,7 +17,7 @@ If you are using Maven with [BOM][libraries-bom], add this to your pom.xml file
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>libraries-bom</artifactId>
-      <version>16.4.0</version>
+      <version>18.0.0</version>
       <type>pom</type>
       <scope>import</scope>
     </dependency>
@@ -39,25 +39,25 @@ If you are using Maven without BOM, add this to your dependencies:
 <dependency>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-kms</artifactId>
-  <version>1.40.6</version>
+  <version>1.40.7</version>
 </dependency>
 
 ```
 
 If you are using Gradle 5.x or later, add this to your dependencies
 ```Groovy
-implementation platform('com.google.cloud:libraries-bom:16.4.0')
+implementation platform('com.google.cloud:libraries-bom:18.0.0')
 
 compile 'com.google.cloud:google-cloud-kms'
 ```
 If you are using Gradle without BOM, add this to your dependencies
 ```Groovy
-compile 'com.google.cloud:google-cloud-kms:1.40.6'
+compile 'com.google.cloud:google-cloud-kms:1.40.7'
 ```
 
 If you are using SBT, add this to your dependencies
 ```Scala
-libraryDependencies += "com.google.cloud" % "google-cloud-kms" % "1.40.6"
+libraryDependencies += "com.google.cloud" % "google-cloud-kms" % "1.40.7"
 ```
 
 ## Authentication
diff --git a/google-cloud-kms-bom/pom.xml b/google-cloud-kms-bom/pom.xml
index dea1d48e..0fe2c542 100644
--- a/google-cloud-kms-bom/pom.xml
+++ b/google-cloud-kms-bom/pom.xml
@@ -3,12 +3,12 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-kms-bom</artifactId>
-  <version>1.40.7</version><!-- {x-version-update:google-cloud-kms:current} -->
+  <version>1.40.8</version><!-- {x-version-update:google-cloud-kms:current} -->
   <packaging>pom</packaging>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-shared-config</artifactId>
-    <version>0.10.0</version>
+    <version>0.11.0</version>
   </parent>
 
   <name>Google Cloud kms BOM</name>
@@ -64,17 +64,17 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-kms-v1</artifactId>
-        <version>0.87.7</version><!-- {x-version-update:grpc-google-cloud-kms-v1:current} -->
+        <version>0.87.8</version><!-- {x-version-update:grpc-google-cloud-kms-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-kms-v1</artifactId>
-        <version>0.87.7</version><!-- {x-version-update:proto-google-cloud-kms-v1:current} -->
+        <version>0.87.8</version><!-- {x-version-update:proto-google-cloud-kms-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-kms</artifactId>
-        <version>1.40.7</version><!-- {x-version-update:google-cloud-kms:current} -->
+        <version>1.40.8</version><!-- {x-version-update:google-cloud-kms:current} -->
       </dependency>
     </dependencies>
   </dependencyManagement>
diff --git a/google-cloud-kms/pom.xml b/google-cloud-kms/pom.xml
index 0c17295b..de5ac40b 100644
--- a/google-cloud-kms/pom.xml
+++ b/google-cloud-kms/pom.xml
@@ -3,7 +3,7 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-kms</artifactId>
-  <version>1.40.7</version><!-- {x-version-update:google-cloud-kms:current} -->
+  <version>1.40.8</version><!-- {x-version-update:google-cloud-kms:current} -->
   <packaging>jar</packaging>
   <name>Google Cloud KMS</name>
   <url>https://github.com/googleapis/java-kms</url>
@@ -11,7 +11,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-kms-parent</artifactId>
-    <version>1.40.7</version><!-- {x-version-update:google-cloud-kms:current} -->
+    <version>1.40.8</version><!-- {x-version-update:google-cloud-kms:current} -->
   </parent>
   <properties>
     <site.installationModule>google-cloud-kms</site.installationModule>
diff --git a/grpc-google-cloud-kms-v1/pom.xml b/grpc-google-cloud-kms-v1/pom.xml
index 88454454..9dda1c77 100644
--- a/grpc-google-cloud-kms-v1/pom.xml
+++ b/grpc-google-cloud-kms-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>grpc-google-cloud-kms-v1</artifactId>
-  <version>0.87.7</version><!-- {x-version-update:grpc-google-cloud-kms-v1:current} -->
+  <version>0.87.8</version><!-- {x-version-update:grpc-google-cloud-kms-v1:current} -->
   <name>grpc-google-cloud-kms-v1</name>
   <description>GRPC library for grpc-google-cloud-kms-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-kms-parent</artifactId>
-    <version>1.40.7</version><!-- {x-version-update:google-cloud-kms:current} -->
+    <version>1.40.8</version><!-- {x-version-update:google-cloud-kms:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/pom.xml b/pom.xml
index 97a093a9..225035d6 100644
--- a/pom.xml
+++ b/pom.xml
@@ -4,7 +4,7 @@
   <groupId>com.google.cloud</groupId>
   <artifactId>google-cloud-kms-parent</artifactId>
   <packaging>pom</packaging>
-  <version>1.40.7</version><!-- {x-version-update:google-cloud-kms:current} -->
+  <version>1.40.8</version><!-- {x-version-update:google-cloud-kms:current} -->
   <name>Google Cloud KMS Parent</name>
   <url>https://github.com/googleapis/java-kms</url>
   <description>
@@ -14,7 +14,7 @@
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-shared-config</artifactId>
-    <version>0.10.0</version>
+    <version>0.11.0</version>
   </parent>
 
   <developers>
@@ -70,28 +70,28 @@
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>proto-google-cloud-kms-v1</artifactId>
-        <version>0.87.7</version><!-- {x-version-update:proto-google-cloud-kms-v1:current} -->
+        <version>0.87.8</version><!-- {x-version-update:proto-google-cloud-kms-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.api.grpc</groupId>
         <artifactId>grpc-google-cloud-kms-v1</artifactId>
-        <version>0.87.7</version><!-- {x-version-update:grpc-google-cloud-kms-v1:current} -->
+        <version>0.87.8</version><!-- {x-version-update:grpc-google-cloud-kms-v1:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-kms</artifactId>
-        <version>1.40.7</version><!-- {x-version-update:google-cloud-kms:current} -->
+        <version>1.40.8</version><!-- {x-version-update:google-cloud-kms:current} -->
       </dependency>
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-kms-bom</artifactId>
-        <version>1.40.7</version><!-- {x-version-update:google-cloud-kms-bom:current} -->
+        <version>1.40.8</version><!-- {x-version-update:google-cloud-kms-bom:current} -->
       </dependency>
 
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>google-cloud-shared-dependencies</artifactId>
-        <version>0.19.0</version>
+        <version>0.20.0</version>
         <type>pom</type>
         <scope>import</scope>
       </dependency>
diff --git a/proto-google-cloud-kms-v1/pom.xml b/proto-google-cloud-kms-v1/pom.xml
index 1ae1791b..34b991b2 100644
--- a/proto-google-cloud-kms-v1/pom.xml
+++ b/proto-google-cloud-kms-v1/pom.xml
@@ -4,13 +4,13 @@
   <modelVersion>4.0.0</modelVersion>
   <groupId>com.google.api.grpc</groupId>
   <artifactId>proto-google-cloud-kms-v1</artifactId>
-  <version>0.87.7</version><!-- {x-version-update:proto-google-cloud-kms-v1:current} -->
+  <version>0.87.8</version><!-- {x-version-update:proto-google-cloud-kms-v1:current} -->
   <name>proto-google-cloud-kms-v1</name>
   <description>PROTO library for proto-google-cloud-kms-v1</description>
   <parent>
     <groupId>com.google.cloud</groupId>
     <artifactId>google-cloud-kms-parent</artifactId>
-    <version>1.40.7</version><!-- {x-version-update:google-cloud-kms:current} -->
+    <version>1.40.8</version><!-- {x-version-update:google-cloud-kms:current} -->
   </parent>
   <dependencies>
     <dependency>
diff --git a/samples/install-without-bom/pom.xml b/samples/install-without-bom/pom.xml
index 5ce408df..c65f3557 100644
--- a/samples/install-without-bom/pom.xml
+++ b/samples/install-without-bom/pom.xml
@@ -29,14 +29,14 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-kms</artifactId>
-      <version>1.40.6</version>
+      <version>1.40.7</version>
     </dependency>
     <!-- [END cloudkms_install_without_bom] -->
 
     <dependency>
       <groupId>com.google.protobuf</groupId>
       <artifactId>protobuf-java-util</artifactId>
-      <version>3.15.1</version>
+      <version>3.15.2</version>
     </dependency>
     <dependency>
       <groupId>junit</groupId>
diff --git a/samples/snapshot/pom.xml b/samples/snapshot/pom.xml
index a1018e7f..1b7713e0 100644
--- a/samples/snapshot/pom.xml
+++ b/samples/snapshot/pom.xml
@@ -28,14 +28,14 @@
     <dependency>
       <groupId>com.google.cloud</groupId>
       <artifactId>google-cloud-kms</artifactId>
-      <version>1.40.7</version>
+      <version>1.40.8</version>
     </dependency>
     <!-- {x-version-update-end} -->
 
     <dependency>
       <groupId>com.google.protobuf</groupId>
       <artifactId>protobuf-java-util</artifactId>
-      <version>3.15.1</version>
+      <version>3.15.2</version>
     </dependency>
     <dependency>
       <groupId>junit</groupId>
diff --git a/samples/snippets/pom.xml b/samples/snippets/pom.xml
index fe8718ef..75da91f7 100644
--- a/samples/snippets/pom.xml
+++ b/samples/snippets/pom.xml
@@ -30,7 +30,7 @@
       <dependency>
         <groupId>com.google.cloud</groupId>
         <artifactId>libraries-bom</artifactId>
-        <version>16.4.0</version>
+        <version>18.0.0</version>
         <type>pom</type>
         <scope>import</scope>
       </dependency>
diff --git a/versions.txt b/versions.txt
index 845315d1..93d03dcf 100644
--- a/versions.txt
+++ b/versions.txt
@@ -1,7 +1,7 @@
 # Format:
 # module:released-version:current-version
 
-proto-google-cloud-kms-v1:0.87.7:0.87.7
-grpc-google-cloud-kms-v1:0.87.7:0.87.7
-google-cloud-kms:1.40.7:1.40.7
-google-cloud-kms-bom:1.40.7:1.40.7
\ No newline at end of file
+proto-google-cloud-kms-v1:0.87.8:0.87.8
+grpc-google-cloud-kms-v1:0.87.8:0.87.8
+google-cloud-kms:1.40.8:1.40.8
+google-cloud-kms-bom:1.40.8:1.40.8
\ No newline at end of file