The three-point-bending shape memory properties, microstructure, and magnetic properties of Fe40.95Ni28Co17Al11.5Ta2.5B0.05 (at.%) alloys were investigated. The magnetic results showed a martensitic transformation in the samples that were aged at 700 °C for 6 and 12 h under the applied magnetic fields of 0.05 and 7 Tesla. The martensitic start temperature increased from −113 °C to −97 °C as aging times increased from 6 to 12 h. Increasing the magnetic fields from 0.05 to 7 Tesla, the transformation temperatures in…