Yes, the stamp contains the coat of arms of Hungary. At the time (in 1907), Hungary and Austria were the largest parts of the
Austro-Hungarian Empire, whose official languages were both of German and Hungarian. I suspect, the forger had some contact, or at least a minimal research on the topic and found the Coat of Arms on the Switzerland -> Austria -> Hungary connection. Btw, I would be also surely close out that a German-speaking University had communicated on English to a native German speaker, it would be nearly unthinkable even today.