When updating ManagementComponent values via ProfileService, VDBMetaDataInstanceClassFactory class is using ManagedProperty.getValue to retrieve the updated value instead of MetaValue value received parameter. The value returned by ManagedProperty.getValue is the actual one, not the new value that was submitted.

Basically should use:

MetaValueFactory.getInstance().unwrap(value);

Instead of:

MetaValueFactory.getInstance().unwrap(property.getValue());

In all properties manipulated by the setValue method.