diff --git a/lib/foreman_passwordstate/version.rb b/lib/foreman_passwordstate/version.rb
index e810c869bb338b38301050ff703a407f8293166e..2c03cd91c26db9118502ada0b8089d4f8d7bc387 100644
--- a/lib/foreman_passwordstate/version.rb
+++ b/lib/foreman_passwordstate/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module ForemanPasswordstate
-  VERSION = '0.3.1'
+  VERSION = '0.4.0'
 end