The 42-year-old has picked up the honour after guiding his team to five victories from seven games last month.
Ferguson witnessed his side, who are currently sixth in the league table, find the back of the net 13 times.
Prior to Ferguson's positive month, Peterborough clinched the Johnstone's Paint Trophy with a 3-1 victory over Chesterfield.
Restore Data
| Team | P | W | D | L | F | A | GD | PTS | |
| 1 | Birmingham CityBirmingham | 24 | 17 | 5 | 2 | 42 | 17 | 25 | 56 |
| 2 | Wycombe WanderersWycombe | 26 | 16 | 6 | 4 | 52 | 28 | 24 | 54 |
| 3 | Wrexham | 26 | 15 | 6 | 5 | 38 | 20 | 18 | 51 |
| 4 | Huddersfield TownHuddersfield | 25 | 14 | 6 | 5 | 39 | 21 | 18 | 48 |
| 5 | Barnsley | 26 | 12 | 6 | 8 | 40 | 36 | 4 | 42 |
| 6 | Stockport CountyStockport | 26 | 11 | 8 | 7 | 40 | 28 | 12 | 41 |
| 7 | Reading | 25 | 12 | 5 | 8 | 40 | 36 | 4 | 41 |
| 8 | Leyton Orient | 25 | 11 | 5 | 9 | 32 | 22 | 10 | 38 |
| 9 | Bolton WanderersBolton | 25 | 11 | 5 | 9 | 38 | 39 | -1 | 38 |
| 10 | Mansfield TownMansfield | 24 | 11 | 4 | 9 | 32 | 28 | 4 | 37 |
| 11 | Lincoln CityLincoln | 26 | 9 | 8 | 9 | 29 | 30 | -1 | 35 |
| 12 | Charlton AthleticCharlton | 24 | 9 | 7 | 8 | 29 | 25 | 4 | 34 |
| 13 | Rotherham UnitedRotherham | 25 | 9 | 7 | 9 | 28 | 26 | 2 | 34 |
| 14 | Blackpool | 25 | 7 | 10 | 8 | 34 | 37 | -3 | 31 |
| 15 | Stevenage | 24 | 8 | 7 | 9 | 19 | 22 | -3 | 31 |
| 16 | Exeter CityExeter | 25 | 9 | 4 | 12 | 28 | 32 | -4 | 31 |
| 17 | Wigan AthleticWigan | 24 | 8 | 6 | 10 | 23 | 24 | -1 | 30 |
| 18 | Bristol Rovers | 25 | 8 | 4 | 13 | 25 | 39 | -14 | 28 |
| 19 | Peterborough UnitedPeterborough | 25 | 7 | 5 | 13 | 41 | 46 | -5 | 26 |
| 20 | Northampton TownNorthampton | 26 | 6 | 8 | 12 | 24 | 40 | -16 | 26 |
| 21 | Crawley TownCrawley | 24 | 5 | 6 | 13 | 25 | 44 | -19 | 21 |
| 22 | Shrewsbury TownShrewsbury | 25 | 5 | 5 | 15 | 26 | 45 | -19 | 20 |
| 23 | Cambridge UnitedCambridge | 25 | 4 | 6 | 15 | 24 | 45 | -21 | 18 |
| 24 | Burton Albion | 25 | 2 | 9 | 14 | 21 | 39 | -18 | 15 |
| > League One Full Table | |||||||||
