Suppose we have an $n$ x $m$ grid, and an object situated in that grid at position $(x,y)$ of size $1$ x $1$ with an initial vector (direction) $v$.
Would this object necessarily repeat its motion or stated another way does it have always have to have a period?
We can assume when the object hits an edge it is reflected.
EDIT: I have perhaps emphasized the real world aspect of this question too much. Let me make this clearer
We should not concern ourselves with the computer internals (memory, how the $n$ x $m$ grid is displayed)
The intial $(x,y)$ position does not need to be composed of integers (or indeed rationals)
The direction must be rectilinear
As you store the state of your screensaver digitally with bits and bytes, it can only have $2^n$ possible states, where $n$ is the number of bits needed to represent its state. Thus after $2^n$ steps (or earlier), it must to repeat. Of course, if its state is sufficiently complex, this will take a long time.
However, if I understand your scenario correctly, it will repeat much earlier:
For example, on a 1024×768 screen, the motion has to repeat every $4·1024·768 = 3145728$ steps. If you have 10 steps per second, this would be every 87 hours.