If you needed 100 and you made a 116, then you should be in the running!
My first choice school requires a 50th %-ile or better on each subtest, rather than a particular composite score. I'm pretty good at taking tests, and I got 99th %-ile in verbal (I'm an English teacher--already have a BA), 72nd %-ile in math (not my favorite subject), and 95th %-ile in Science. My composite score was a 146.
Yet, this really is just one element in what the admissions dept at my school looks at . . . there's still your transcripts to consider, references, and a personal interview. I felt my interview went lousy, and now I'm sweating over whether I'll be accepted or not. I should hear any day.
I wish you luck and hope you get an acceptance letter soon!