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I have been using the "stabilize motion, not warp stabilizer" effect in both Premier and After Effects for years. Some will suggest using warp stabilizer, but it only works in a slow-moving scene. I digitize antique celluloid films. The film tends to shrink and warp with time, and it will jig and jag as you digitize it. I use stabilize motion by targeting one of the capture sprocket holes for a registration point and then click analyze forward. The aforementioned effect has most always fixed the problem to a great extent until recently. It seems the effect has absolutely no effect. It is not a problem with the install as it is happening on two different machines. Has something changed? Is there some new setting I am unaware of or did some update break “stabilize motion” in after effects?
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It still works for me. Maybe there is something in that particular footage that AE doesn't like. Have you tried a different clip?
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It might help to actually have a screenshot not being downsized so it's barely readable plus of course the pertinent info about tracker settings in the timeline, your computer, the project and so on.
Mylenium